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124 sats \ 3 replies \ @Undisciplined 15h \ parent \ on: How to get filthy rich with the 50 Year Mortgage econ
The bigger question is why these don't already exist.
My understanding is 30 year fixed rate wouldn't even exist except for the backstop provided by Freddie and Fannie
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Right, so these would be an even greater transfer of risk to the taxpayers from the banks.
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Haha
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