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Back to this world: A shady financial tool from the housing-bubble era is making a comeback

By: zzstar in FFT4 | Recommend this post (0)
Mon, 03 Jun 24 6:35 PM | 16 view(s)
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http://www.cnn.com/2024/06/03/business/zero-down-mortgage-nightcap/index.html

Greedy and shitty doings are ….eternal.

I can say this: Homes in my area that are going for $600000 today, used to go for low $100000s only 10 years ago…….THAT was Florida. THIS now is the Hamptons. WTF?

Go figure.

Who did this? How did this shit explode in ‘21? The stimulus doesn’t explain it, because those who got money only received “paychecks” without working. They didn’t get rich, they got by, they saved some, but still they went nuts celebrating life after seeing all the death. And here we are. AGAIN!




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