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It's Moro! | 5 months ago (raw) | root | parent | reply | flag +3 
 gov backed 40 yr fixed followed by multi-generational mortgages in a future near you. if you never miss a payment, your grandkids may own something
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node | 5 months ago (raw) | root | parent | reply | flag +1 
 Maybe your grandkids…oof
https://media1.tenor.com/m/LLu6EdwJk3sAAAAC/big-oof-size.gif
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RenderBitcoin | 5 months ago (raw) | root | parent | reply | flag 
 “…if you never miss a payment”

That’s the key. Escrows are so complicated now that unless you are fully on top of it, you’re bound to come across some legal jargon where they find a way to take the house from under you.
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RenderBitcoin | 5 months ago (raw) | root | parent | reply | flag 
 a 40yr lease is easy to conceptualize because “wHaT’s anOtHeR 10 yEaRs?”

But a  multi-generational mortgages is difficult for me to conceptualize because of how evil that is. Imagine your pre-teen being coerced into co-signing mortgage under the parents saying “if you don’t sign this then we have no where to live.” Then when the whole family saddled with an unbearable amount of debt, people will say, “well if pre-teens have the ability to choose their gender then they have the ability to understand what they signed - that burden is on them.” 

Wow. I pray it isn’t so. 💔
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It's Moro! | 5 months ago (raw) | root | parent | reply | flag 
 our existing concepts will be left in the rear view mirror on the road to keeping the beast alive, imo. inheriting debts across generations has been done in many failing and functioning societies in the past, will happen here as things get worse my guess.