But what if they pass a law and mandate the rates? Maybe I’m misunderstanding you and you’re saying rates would be higher for everyone else not included in the particular group?
If that’s true and businesses and homeowners not covered had to pay higher interest rates to cover the lost money from the mandated loans the economy would just roll right on off the cliff.
the economy would just roll right on off the cliff.
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We’re seeing right now that that won’t happen. Government will just take over again and the courts would be forced to adjust your rates as well and then adjust the next group’s rates, the next, the next and I’m not sure what happens when all the people own homes free of principal and interest. Hmmmmmm, I guess we’ll have to rethink this.
Hey, I got it! Maybe if the government owned the homes and the people sent in monthly fees in order to live in the homes that might work. It wouldn’t be a tax but just an occupancy fee. We could probably lower taxes with this plan, including property taxes.