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They have no plans to own this asset in perpetuity. They'll then sell it back to you for 10x the price in inflated currency. Banks didn't even want houses they
by m0zg 5y ago
They have no plans to own this asset in perpetuity. They'll then sell it back to you for 10x the price in inflated currency. Banks didn't even want houses they already owned during 2008 housing crisis - during more normal times they are, strictly speaking, a depreciating asset that is a pain in the ass to maintain, so a lot of foreclosed homes just rotted empty. But we are not living in "normal times" at this point. We're in uncharted waters.