ajuuiomml
21d ago
If it were legal, people would find some clever solution to default and reap the rewards, like they used to do for student loans. You are correct that mortgages would have to price in the cost, which would be distributed by law to the parties that don’t have the problem in the first place. Eventually, banks may stop serving the state, as we see in the insurance market.
How do you know, are you sure, really, that Canadians have souls?
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