Doq Holliday
@doqholliday
31 January, 10:01
Banks are done.
Mortgages are going to have to be reinvented ASAP! Any ideas how to do this? Crowdsourced home lending?
Mortgages are going to have to be reinvented ASAP! Any ideas how to do this? Crowdsourced home lending?
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I saw an explaination of how this would happen. Cost of living will drop including house prices - along with the drop in house prices mortgages would drop by the same percentage. Therefore if your house was worth $500,000 and dropped to $250.000 and you had a mortgage of $200,000 - your mortgage would drop to $100,000.
10:39 PM - Jan 31, 2021
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