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In reply to the discussion: Trump likes 50 year mortgages rather than 30 year ones: [View all]CrispyQ
(40,449 posts)30. I read this on FB & there wasn't a link, so take it for what it's worth.
They claimed hedge funds buy a group of houses in a neighborhood & then rent most of them out, but sell a few of them for a lot over the market, to another hedge fund, thus raising property taxes in hopes of driving long time owners out.
The only outcome I see is that when "they" own it all, they'll start going after each other. We are living "the one with the most toys wins."
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We got stuck in one of those. Took a long time to get out of it because the bubble burst. But we made it out.
C Moon
Sunday
#14
Also if you can't pay it off before you die (and most won't) then your estate/heirs
RockRaven
Sunday
#10
If it's unpaid, the lender holds the title to the home. So in that sense, no. But from the standpoint of leaving
KPN
Sunday
#23
One of the housing issues is that seniors are remaining in their homes
allegorical oracle
Sunday
#19