Russia, Inflation & Taylor Swift
The Money Café with Alan Kohler
00:00
The Problem With 30 Year Fixed Loans
The Housing Commission was really about creating public housing. But it was all too late and they still have Fannie Mae. I mean, that partly led to the GFC. The government would need to create a Fannie Mae which would buy mortgages off them. And give the banks liquidity as they need it. Because if you're lending for 30 years, you can't then create more mortgages.
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