Well duh because "just make everyone underwater on their mortgage" is a bit of a... | Hacker News

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		Spivak 14 days ago \| parent \| context \| favorite \| on: How private equity is changing housing Well duh because "just make everyone underwater on their mortgage" is a bit of a silly solution that definitely won't have any second order effects.

hypeatei 14 days ago [–]

You're not wrong. There are multiple aspects of government involvement that require untangling which includes federally backed mortgages that allow banks to be more lax on loan terms (which is how we got 30 year loans and Trump proposing a 50 year)

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