The risk difference between someone failing to pay $1400/month rent on an (X) term lease and needing to be evicted is a lunar orbit away from an institution betting and fronting the capital that someone is going to pay $950/month for 30 or 40 years… Granted, they are literally creating it out of thin air, but under current circumstances those institutions are probably also trying to dig their way out from under a pile of .1-.75% treasuries that they took as “safe” reserve capital and who’s current mark to sale value is probably 40-50% below their hold to term value…🤣🤣
Uhhhh. in other words banks only want to loan money to people that don’t need it....right?