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I think this would break all kinds of things, for example home equity loans.
by m463 9mo ago
I think this would break all kinds of things, for example home equity loans.
- orsorna 9mo agoSomething like HELOCs would certainly be an exception. The point is to disallow people who make a man's yearly salary every 60 seconds from getting <2% loans against an asset pool that would take hundreds of years for the average American to amass, if ever.