Where we were....
(media.greatawakening.win)
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The only good thing is curbing hyperinflation of home prices. They’re still too high. States and local governments should put restrictions on large corporations buying up single family homes. But they want their taxes, and they keep their power by keeping the people poor.
Blackrock (and others) are hurting because they bought over market value and prices were already inflated to begin with. Another 20% downward correction, plus states pulling investments from them seems like it will damn near destroy those greedy bastards.
I cannot wrap my head around the idea of a 30 year mortgage. If I'm paying for a house for 30 years it better be a goddamn mansion.
You can get more return on your money than the 3% interest on the loan. Plus inflation over the long term makes it a loss for the bank. A fixed 30 year rate can be a good thing for many people. I suppose it depends on ones situation and what they are comfortable with.
I'm waiting for the large corporations to be guilty of human rights abuses and so have their assets seized.