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30 sats \ 1 reply \ @BeeRye 4h \ on: Rant: If you think 50 year mortgages is debt slavery, you don't understand money econ
"In fact, a 50-year fixed rate mortgage (assuming it's fixed rate) probably wouldn't exist in the free-market without some sort of government backing."
  • No chance in hell there would be one. That's the same story for the 30-yr fixed, we currently have a nationalized mortgage scheme that started out quasi-private 50+ years ago but never was a product available in the wild (and still is not except in the US).
And you are right, this is a good trade IF you are OK with the risk of a structural housing re-price down. In that case, u might be fucked (devil will be in the details of the note developed for such a product).
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0 sats \ 0 replies \ @SimpleStacker OP 3h
if you think money supply inflation will continue unabated, it's unlikely that housing will have a long-term reprice downwards. that's what I mean when I say bitcoiners should be relatively happy to take on nominal debts. If you think currency will keep getting debased, nominal debt will just keep shrinking in real value terms
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