Also individual owners have become a liability for the insurance entities that guarantee the mortgages for the banks. Wages:COL has gotten so bad that it’s basically the sub-prime mortgage crisis but for people who actually paid down payments.
They built the system on property going up forever with only a small % defaulting. So they’ve gotta keep enough of us out of the market to ensure they can keep cashflowing their ponzi scheme.
Also individual owners have become a liability for the insurance entities that guarantee the mortgages for the banks. Wages:COL has gotten so bad that it’s basically the sub-prime mortgage crisis but for people who actually paid down payments.
They built the system on property going up forever with only a small % defaulting. So they’ve gotta keep enough of us out of the market to ensure they can keep cashflowing their ponzi scheme.