Warning: Some posts on this platform may contain adult material intended for mature audiences only. Viewer discretion is advised. By clicking ‘Continue’, you confirm that you are 18 years or older and consent to viewing explicit content.
No, it is about how consumers in the US have access to a 30 year fixed mortgage and the ability to refinance when interest rates lower which is not available anywhere else. This is a different issue than the current housing market prices which are driven by scarcity due to institutions buying homes. The author is trying to conflate the two to advocate for screwing the consumer and it seems to have worked on at least one reader.
No, it is about how consumers in the US have access to a 30 year fixed mortgage and the ability to refinance when interest rates lower which is not available anywhere else. This is a different issue than the current housing market prices which are driven by scarcity due to institutions buying homes. The author is trying to conflate the two to advocate for screwing the consumer and it seems to have worked on at least one reader.