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News@lemmy.world · 1 year 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@lemmy.sdf.org to

News@lemmy.world · 1 year 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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grue@lemmy.world
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1 year 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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  I didn’t quite say that. I said it would be limited from now on.

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