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News • 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

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News • 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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@Burninator05
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5•1 year ago
That sounds horrible for that city. A five times population increase in only 5 years seems like something that no city would be able to manage well.
- @grue
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  4•1 year ago
  It sounds like a Ponzi scheme, mainly because it is one.

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