Banks Walk the Plank 🏴☠️ | SVB, Silvergate, Mt.Gox, Mortgages & Bond Talk with a Baby Onboard
Pirates of Finance
00:00
I Don't Believe Mortgages to Exist
The 30 year mortgage is something that was really invented pre 1920s bubble, something that was hugely instrumental in the real estate bubble in Florida. Nobody actually cares about the emotional value of the house anymore. I don't understand why we have this middleman in this run to a class of mortgages where we have to pay interest to it doesn't make any sense other than elevating and the prices on homes because it's just your access to capital and leverage.
Transcript
Play full episode