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Do all those ARM's blow up the economy?

Do house prices fall, lowering taxes, which fucks City/County/State budgets?

ELI5, what would a 1-2% raise in the interest rates do to US housing?

Do all those ARM's blow up the economy? Do house prices fall, lowering taxes, which fucks City/County/State budgets? ELI5, what would a 1-2% raise in the interest rates do to US housing?

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[–] • 1 pt

They'll just do airbnb to justify the overhead of houses sitting.

[–] • 1 pt

Or just create non-profits as tax shelters.

Give money to non-profit, pay the rent for some bum to live in house, collect money from non-profit as rent passed through.

Fed Bux -> Blackrock -> Non-profit -> Useless eater -> Blackrock. TAX DEFERRED THE WHOLE WAY, PAID FOR BY THE TAXPAYER.

The entire system works off financial sophistry.

[–] • 0 pt

I could see some form of this being prevalent.

[–] • 0 pt

It already is, that's my point.