Lower payments, weaker equity, and no way out.
Thank you for the brilliant analysis!
You are assuming, if this actually becomes a thing, it wont be adjustible rates.
Good catch. If they're adjustable rate, this gets way uglier. No equity, no moves.
Geographic stagnation is what I’m worried about the most. People won’t be able to relocate for better work and they will just decline into poverty.
Clearly, this is a guy who is defaulted on multiple mortgages. He comes up with the greatest ideas.
MAGA SIMPLETONS might want to run the math and realize that what Trump is proposing is a great incentive to become a renter
Thank you for the brilliant analysis!
You are assuming, if this actually becomes a thing, it wont be adjustible rates.
Good catch. If they're adjustable rate, this gets way uglier. No equity, no moves.
Geographic stagnation is what I’m worried about the most. People won’t be able to relocate for better work and they will just decline into poverty.
Clearly, this is a guy who is defaulted on multiple mortgages. He comes up with the greatest ideas.
MAGA SIMPLETONS might want to run the math and realize that what Trump is proposing is a great incentive to become a renter