These people are stupid.
If you want to have more affordable housing, keep increasing central bank interest rates.
If you want to have more affordable housing, keep increasing central bank interest rates.
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Keep finding ways to let people borrow more money to buy homes and the prices will keep rising because people borrow more money to buy the house they want.
If the principal is lower, then you start getting some options. You can amortize over a shorter span of time, or you can pay extra, or you can save more for your down payment. If you're paying no interest on a million dollars of principal, your option is to pay until you're dead and pass the loan to your kids like in the UK.
If the principal is lower, then you start getting some options. You can amortize over a shorter span of time, or you can pay extra, or you can save more for your down payment. If you're paying no interest on a million dollars of principal, your option is to pay until you're dead and pass the loan to your kids like in the UK.