Re:Mortgages are a manufactured product
by dionidium on Friday January 14, 2022 @03:44PM
(#29940171)
This has a lot more to do with zoning and urban planning that it does with the mortgage as a financial product.
On the majority of lots in most cities it's very difficult (or illegal) to build new housing. That's a regulatory constraint that has nothing to do with how the house is financed.
On the majority of lots in most cities it's very difficult (or illegal) to build new housing. That's a regulatory constraint that has nothing to do with how the house is financed.