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The existence of this product inflates prices, making it difficult for people to buy except with a 30 year mortgage. The real winners are those who own before
by epistasis 3y ago
The existence of this product inflates prices, making it difficult for people to buy except with a 30 year mortgage.
The real winners are those who own before the government enforces new price inflation policies on the market. (The only reason we have 30 year fixed mortgages is because of government intervention in the market.)