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The line of thinking behind this comment is exactly why we're experiencing rapid decline - zero ability to consider the root causes behind issues and how to add
by throwaway20875 6y ago
The line of thinking behind this comment is exactly why we're experiencing rapid decline - zero ability to consider the root causes behind issues and how to address them at a fundamental level. "Hit back at the banks" is the kind of cable-news-hot-takes-style solution that only address issues caused by prior solutions.
Every single asset class has experienced significant inflation over the last 50 years. Banks created 30 year mortgages because of demand. Demand occurred as a result of actions by the federal reserve. The FHA, not really a bank but rather a government entity, started the trend.
- maxerickson 6y agoMy comment isn't an attack on banks though, it's just where mortgage interest more or less goes, into the banking system. I suppose 'bank' can be bad shorthand for mortgage lenders, but whatever.