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astura
on Jan 23, 2020
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How housing became the world’s biggest asset class
During the housing crisis in the US a lot of mortgages were ARMs, which are basically the same thing as your describing.
https://www.cbsnews.com/news/adjustable-rate-mortgages-make-...
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https://www.cbsnews.com/news/adjustable-rate-mortgages-make-...