@StrawberryPigtails to

News@lemmy.world • 7 months ago

A 30-Year Trap: The Problem With America’s Weird Mortgages

www.nytimes.com

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A 30-Year Trap: The Problem With America’s Weird Mortgages

www.nytimes.com

@StrawberryPigtails to

News@lemmy.world • 7 months ago

One big reason the U.S. housing market is broken: Owners don’t want to give up their cushy old loans.

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1•7 months ago
You say that as if we didn’t have mortgages at reasonable rates back in the day before mortgage-backed securities were invented.
- @Taringano@lemm.ee
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  1•7 months ago
  I didn’t quite say that. I said it would be limited from now on.

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