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by nine_zeros
243 days ago
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It took long because during the last Trump era, lenders figured out a neat trick - extend the loan terms to 7 years instead of the conventional 5. That, and the low interest rates hooked people. This exaggerated during the pandemic with people taking insane $1000/month loans. Trump comes back, downturn comes back to main street, and voila - loans running naked. |
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