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Remember how interest-only loans? Why not do the opposite this time and offer "principal-only payment" loans?Since a big chunk of mortgages today are guaranteed by the government and many too-big-too-fail banks are relying on taxpayer bailouts, why not offer principal-only loans instead...
True or not? Always? Not always? Why and why not? We tend to oppose something especially if it benefits others but not us. Are we sincere or just envious? Are we willing to do what's right even if it hurts us or are we all just a bunch of whiners simply because we can't do what others do?...
Peter Schiff talks about the US economy and housing. You can also watch the video here:http://www.longbeachrealestateradar.com/long-beach-real-estate/2010/03/peter-schiff-will-you-guarantee-your-neighbors-mortgage-why-are-we-forcing-renters-to-cosign-the-loa.html Do you agree or disagree with Peter?