I believe the problem was more 3 things, variable interest rates, no real

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Jun 4, 2023
7:34:56pm

paulb All-American

I believe the problem was more 3 things, variable interest rates, no real

verification of income to pay the monthly payment, and calling a 600 + a 700 mortgage "investment" the same as two 650s (or the equivalent).

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paulb

Bio page: paulb
Joined: Sep 30, 2011
Last login: Apr 29, 2024
Total posts: 24,547 (764 FO)

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Messages

Author

Time

I swear I’ve seen this played out before

maxpowers

6/4/23 6:02pm

We’ve had 3% down loans in the market for a while now.

conetah

6/4/23 6:07pm

I’m a rebel when it comes to mortgages. Since a huge chunk are done by the Feds

Nat Gas Man

6/4/23 6:23pm

And no access to equity for duration of 1% loan, you want access to your equity

germ1

6/4/23 6:27pm

Geez let’s keep the bad idea train going.

HFF

6/4/23 6:29pm

Haha RKT, aka rekt, aka get rekt!

BYUFootballisBack

6/4/23 6:35pm

I believe the problem was more 3 things, variable interest rates, no real

paulb

6/4/23 7:34pm

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