I mean if you guys wanted a signal, this shit is smacking you in the face.
Dropping 1.3mil dirtybubble73 coin on a downpayment, thats the banks problem if it rugs not me.
https://www.msn.com/en-us/money/realestate/fannie-mae-to-accept-crypto-backed-mortgages-for-the-first-time/ar-AA1Zs5EQ?ocid=finance-verthp-feeds
Posted by OSRSkarma
26 Comments
Calls.
Are you serious
Buying my house with poopybutthole coin, my parents are so proud
https://preview.redd.it/x2fim68pvdrg1.jpeg?width=1080&format=pjpg&auto=webp&s=4898a7835ad102d13656d481f352c13195fce507
But what does Michael Burry think?
what could possibly go wrong I wonder
Fart Coin to the moon.
Literally can’t go tits up
Lets goooo crypto president 🚀🚀🚀
https://preview.redd.it/81lkwtauwdrg1.jpeg?width=768&format=pjpg&auto=webp&s=6057db3ece01f36482def5d091d14d4b5a292af7
Time to start building generational wealth
Finally I can buy a house with all my Tuah Coin
🌽 didn’t even pump on this news lmao
Time to rug them with mortgage coin
Its only btc and stablecoins, sry but your dumfukshitcoin is still worthless
50 year mortgage with Bonk coin backing it that should work out great
https://preview.redd.it/ivc1x875zdrg1.jpeg?width=334&format=pjpg&auto=webp&s=7a575251b5ff864725a3fcf30784758b0bf7fc8d
So Trump Coin is going to be used to buy tens of thousands of homes?
Just so I understand:
– person goes to buy the house
– the backing crypto loan company secures a loan from Fannie for the home which is backed by the US taxpayer
– the crypto loan company secures the pile of Monopoly money as collateral (thus propping up the price of Monopoly money just a bit more by creating scarcity in the case of bitcoins or really nothing with other print on demand coins)
– then the buyer makes payments regardless of the value of their Monopoly money because everyone has to get paid – this comes in either cashing out the Monopoly money or real dollar payments
So they’ve taken a well established process and made it needlessly more complicated so they can take Monopoly money?
Man their analysts did some excellent foreclosure rate modeling and found a whole lot of suckers who fit the bill. I know which company will have rental properties real soon.
And this is why uneducated poor people should never have been allowed into financial markets in the first place..
50 year mortgage backed by cumrocket and doge? Is the economy even real? Is the “mortgage” in the room with us now? Who am I?
Normally the greater fool in greater fool theory isn’t the giant institution
Sounds like a bad idea. Margin calls gonna happen for real.
yeah this seems totally fine
People are living in Home Depot sheds to be ‘first time home owners’
The euphoric optimism is depressing af when you look behind the curtain
Yea its a bubble
But when will it pop?
LMAO crypto back mortgages for what the metaverse