return2ozma@lemmy.world to News@lemmy.world · 1 month agoTrump's 50-year mortgage gets default warning from Moody's chief economistwww.newsweek.comexternal-linkmessage-square11linkfedilinkarrow-up1181arrow-down11
arrow-up1180arrow-down1external-linkTrump's 50-year mortgage gets default warning from Moody's chief economistwww.newsweek.comreturn2ozma@lemmy.world to News@lemmy.world · 1 month agomessage-square11linkfedilink
minus-squareparaphrand@lemmy.worldlinkfedilinkEnglisharrow-up22·1 month agoSo it’s just a scheme to squeeze the little guy more. They want to eventually own all housing and rent it, don’t they?
minus-squareZron@lemmy.worldlinkfedilinkarrow-up6·1 month agoThis is renting, just the bank is your landlord and you’re responsible for all bills and repairs.
minus-squareprole@lemmy.blahaj.zonelinkfedilinkarrow-up2·1 month agoMaybe more akin to “rent to own” since I guess you (or your children since you’ll probably be dead at that point) will own the property after 50 years.
minus-squareRagingRobot@lemmy.worldlinkfedilinkarrow-up1·1 month agoBut if you don’t have kids the bank just keeps it
So it’s just a scheme to squeeze the little guy more.
They want to eventually own all housing and rent it, don’t they?
This is renting, just the bank is your landlord and you’re responsible for all bills and repairs.
Maybe more akin to “rent to own” since I guess you (or your children since you’ll probably be dead at that point) will own the property after 50 years.
But if you don’t have kids the bank just keeps it