Fiat Shenanigans ð€¡ð on Nostr: A 20% down payment on a house means that the value of the house can fall by almost ...
A 20% down payment on a house means that the value of the house can fall by almost 20% before the homeowner is underwater on their mortgage. It protects both the buyer and the bank. By not requiring a down payment, the bank is gambling that the value of the home will continue to rise.
Published at
2024-11-04 14:24:05Event JSON
{
"id": "0837c7dddb8549dbb269394b05fbc3f92e3a6a6a2e6dbafe0ef82badeb3485bd",
"pubkey": "0d06480b0c6e3be3c9a1a65d7e6bc2091227d55bf4c77eeb6037ba7776c300ec",
"created_at": 1730730245,
"kind": 1,
"tags": [],
"content": "A 20% down payment on a house means that the value of the house can fall by almost 20% before the homeowner is underwater on their mortgage. It protects both the buyer and the bank. By not requiring a down payment, the bank is gambling that the value of the home will continue to rise. ",
"sig": "bc3947266e9cf98a0fe9267d543179eda1def61ef429834d815a5d60d3a020a679ff34c6272adcac0c951c5fcded38ba9ed4d72828a35fa46651582440d21eb3"
}
