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> governments should ensure that anyone who wants to buy a house can buy a house by lending them the money. We already have that in the US. And it helped to cr
by pdonis 6y ago
> governments should ensure that anyone who wants to buy a house can buy a house by lending them the money.
We already have that in the US. And it helped to crash the economy back in 2008.
(Yes, technically the government just prints the money and on paper it's private financial institutions doing the lending. Same difference.)
- Daho0n 6y agoIf you look at Denmark's way (GP's example) then it is nothing like the loans you mention. The government decides how the loans are put together and buyers can pick between them. None of them are like the ones from the crash.
- pdonis 6y ago> None of them are like the ones from the crash. I dunno, negative central bank rates sounds a lot like the financial insanity that caused the crash to me. I guess we'll just have to see how it plays out.