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Home mortgages are more complicated, but at the end of the day, all transactions are based on real money. The 500k that the seller receives comes from the bank.
by Aunche 6y ago
Home mortgages are more complicated, but at the end of the day, all transactions are based on real money. The 500k that the seller receives comes from the bank. The 500k that the bank receives comes from Fannie Mae and Freddie Mac. When Freddie Mae and Freddie Mac start running out of money, then the Fed will loan them money of buy equity from them.
- 6510 6y agoThere is nothing at the end of the tunnel. All of the value comes out of the contract you sign. It obligates you to pay until everything is paid. This contract is worth the value of a house. The illusory money tunnel that pretends to provide the funds end with national debt that is irrelevant but if it was it is again your obligation to pay for. You could examine it as a black box. Joe builds homes. He build homes for years in order to earn the right to get a mortgage. He then folds over a lot of the money he earns to pay for the home over the next 30 years. The number of houses he has to build in order to earn his own is completely ridiculous. He is old now! He most likely has to keep building homes to continue to earn the right to live in one. Someone has to be running off with his earnings. People who are not involved in building houses physically only mentally. Whatever [deceptive] story they tell isn't worth listening to as the numbers say it all.