>>83095827
The fuck is a portable mortgage? Inheritable debt isn't legal unless it's attached to a property. You can't just name your descendants as debt inheritors lmao

actually yeah
everyone else will take on more debt and make me look better by comparison

>portable mortages
like you can move house whenever and take your equity to reinvest in the next house? actually a little sick in theory but will probably be neutered in practice

>>83095864
How would that even work? Like, mechanically it doesn't make sense. You can already just sell your house and take your equity, use that to get a new mortgage on a new house. That's the only sensible way of doing it that I can think of and it's already the norm.

>>83095837
>The fuck is a portable mortgage?
If you already own a house with a mortgage and it has a better interest rate than the current one, you can just get the exact same mortgage rules on the current house you're buying with the same interest rate and the same amount of money down. It's to sweeten the deal for boomers to add liquidity to the housing market and downsize without having to pay mortgage rates new home owners would have to pay.

>>83095897
The liquidity we need on the housing market is more housing stock, not more people moving around. Either way, why would banks ever agree to do this? The portable product would need to have a much higher interest rate compared to a non-portable to compensate the bank for the additional interest risk. It also doesn't really make sense to me. You take out a mortgage and now you just get that rate forever? Why?

>>83095855
Being surrounded by broke retards is not pleasant.

>noo you can't just do eternal debt slavery because.. you just can't!!
>you are already literally inside debt slavery

>>83095923
>not more people moving around.
Something you'll find is that financiers will come up with bullshit excuses for everything. One example is that they believe boomers are holding onto large 5 bedroom homes for the interest rates when they'd be happier downsizing and getting access to the equity and a family would prefer to own that 4 bedroom house. Now that's not the actual reason, but if you're a retard pretending whatever you need to believe, you start coming up with these retarded solutions to problems that don't exist and think you can just force it by asking the government to pay for it until rich people start taking advantage. Happens all the time. It doesn't solve the problem, the people making this don't have financial problems in life. They don't apprehend debt slavery, they just imagine the world is fairly priced because they always have enough money to make financial decisions arbitrary rather than anxiety inducing or hopeless.
>It also doesn't really make sense to me.
It doesn't need to make sense, finance people are fucking retarded. This is about scamming people, not fixing problems.