MacroView on Nostr: Using real estate as collateral for mortgage debt is the most idiotic thing a bank ...
Using real estate as collateral for mortgage debt is the most idiotic thing a bank can do.
If I was a bank, I would only issue loans backed by #Bitcoin……….
If they did this, real estate would crash to its utility value…….
People would not be buying multiple houses as investments and drive cost up……..
Published at
2024-10-24 03:14:18Event JSON
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"content": "Using real estate as collateral for mortgage debt is the most idiotic thing a bank can do. \n\nIf I was a bank, I would only issue loans backed by #Bitcoin……….\n\nIf they did this, real estate would crash to its utility value…….\n\nPeople would not be buying multiple houses as investments and drive cost up……..",
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