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> We should definitely remove fixed-interest mortgages for non-owner occupied purchases. Just as with single payer health care: While it works very well in oth
by BeetleB 2y ago
> We should definitely remove fixed-interest mortgages for non-owner occupied purchases.
Just as with single payer health care: While it works very well in other countries, people in the US will insist it will fail here. :-)
- pc86 2y agoThere are legitimate concerns or arguments against a single national government-run healthcare system covering 330 million people in 50 different states (medicare/caid notwithstanding, basically all healthcare is regulated state by state and not federally). I don't know anything arguing that adjustable-rate mortgages will "fail" in the US (we have them already), especially focused specifically toward/against non-owner occupied properties, just that it would negatively affect them and they don't want to do it.