StrawberryPigtails@lemmy.sdf.org to

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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Burninator05@lemmy.world
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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@lemmy.world
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  1 year ago
  It sounds like a Ponzi scheme, mainly because it is one.

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