4 ms·
Have we considered simply making mortgages illegal? Allowing the inclusion of future money (and thus future labor, usually) in bids must increase the cost of la
by pfannkuchen 4y ago
Have we considered simply making mortgages illegal? Allowing the inclusion of future money (and thus future labor, usually) in bids must increase the cost of land (at least) as a percent of income, no?
- kqr2 4y agoI don't think we need to make mortgages illegal. We just need the government to not subsidize and guarantee mortgages. 30 year fixed rate mortgage most likely would not exist. Instead ARMs would likely be the norm which would probably drive down purchase prices due to future rate risks.