• 0 Posts
  • 2 Comments
Joined 8 days ago
cake
Cake day: August 30th, 2025

help-circle
  • Mika@piefed.catoLemmy Shitpost@lemmy.worldA conundrum
    link
    fedilink
    English
    arrow-up
    1
    ·
    43 minutes ago

    Yeah, and I think it’s not about history, it’s about mortgage initial payment, which is some% of target property cost.

    And the idea that it’s bad thing is just stupid. Anyone read about previous housing bubble remembers how people took multiple mortgages because you could let your house for more than you pay for mortgage per month, and as crisis hit, they couldn’t repay. It was very much enabled by zero mortgage initial payments.