"revitalize the American middle class"................. lol
but if the alternative is never owning property while Chinese and Saudi and PNW dark money buys up all the land in the country, then it's better than nothing.
$200/month difference is going to stop people from owning property? Call me crazy, but maybe we should just outlaw corporations from buying single family dwellings.
It's a moot question anyway because prices are going to shoot up even more from the collision of new homebuyers with static supply, making the 50 year as unaffordable as the 30 year, because this is an attempt to sustain the housing bubble. At that point we will introduce the 100 year mortgage.
"revitalize the American middle class"................. lol
$200/month difference is going to stop people from owning property? Call me crazy, but maybe we should just outlaw corporations from buying single family dwellings.
It's a moot question anyway because prices are going to shoot up even more from the collision of new homebuyers with static supply, making the 50 year as unaffordable as the 30 year, because this is an attempt to sustain the housing bubble. At that point we will introduce the 100 year mortgage.
Almost every financial product is an evil scam that harms society.