> This kind of low interest easy to get loan exists for no other type of asset, and is unique to housing, and is in large part a product of macroeconomic state policy. These types of loans are backed in many countries by government insurance. So they are in effect a kind of macroeconomic planning by the state.
Not quite unique: this kind of loan is available for college tuition too!
Perhaps unsurprisingly, that’s another disaster zone...
An even worse kind of loan I'd say. No collateral, no underwriting, only requirements are a business willing to sell a product and a customer willing to buy it.
Not quite unique: this kind of loan is available for college tuition too!
Perhaps unsurprisingly, that’s another disaster zone...