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Tuesday, September 05, 2023 4:34:37 PM
"FHA introduced the 30-year, self-amortizing mortgage during the 1930s, which along with low-downpayments, helped raise the homeownership rate from 43.6% in 1940 to 61.9% in 1960."
https://www.aei.org/housing-center/housing-finance/housing-finance-fact-or-fiction-fha-pioneered-the-30-year-fixed-rate-mortgage-during-the-great-depression/
Damn! "These people" should be paying me rent instead in my latest housing development for rent, Pottersville! HeeeeHeeee !
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