Under the gold standard, the value of a house declined over time due to depreciation. In those conditions, it was uncommon to see home loans with terms longer than 5 years. This prevented people from being underwater for the most part.
Cpt. Charisma
npub12r…0yztj
2024-08-05 16:32:22
in reply to nevent1q…8ezx
Author Public Key
npub12rc7gcvm4jqk5m8u4asn5t2m2qw5vdw7e640ug0dj97xdcj0dtlst0yztjPublished at
2024-08-05 16:32:22Event JSON
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