Yes on both counts. The invaders will default, the banks will then foreclose and set up a new loan paid by government subsidies. BlackRock makes a lot in the short term this way, with their longterm goals being no mortgaging out the houses at all, but creating a permanent rental caste.
Yes on both counts. The invaders will default, the banks will then foreclose and set up a new loan paid by government subsidies. BlackRock makes a lot in the short term this way, with their longterm goals being no mortgaging out the houses at all, but creating a permanent rental caste.