Predicted that if 50-year mortgages are introduced, they will be very specific loan products, likely issued by developers with higher purchase prices, on a case-by-case basis, and will require changes to housing laws for bank protections.
"if this actually has any chance of passing, it's probably going to be a very specific loan product issued most likely by developers who could just bake it into the higher purchase price. It is going to be issued on a case-bycase basis, and it's going to require completely changing housing laws to enact mortgage protections on banks."
