Yes, that's a destructive definition of the word "mortgage" in that it facilities unaffordable housing. Instead of defining it as a hedge, look at its actual i

Yes, that's a destructive definition of the word "mortgage" in that it facilities unaffordable housing. Instead of defining it as a hedge, look at its actual intent: it's a loan, not a bet, that allows people to pay a large sum of money over time that they otherwise couldn't afford. Access to housing isn't an investment, or a gamble, it's a basic human right.