Cash out refi actually could be advantageous. Money now is worth more than money in the future, spread that out over 50 years and the time value of money calc is probably pretty nice. Same reason you take the lump sum payment when winning the lottery rather than the annuity. If it’s your first mortgage it makes no sense, sure, but if you have a paid off home and don’t plan on making it 50 years, it’s probably a smart way to cash out and enjoy life. Mortgages are just financial tools, they’re not inherently trying to force you into serfdom. A lot of people are just money illiterate

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The Fed illegally bought some Corp bonds in 20’..two politicians called them out..trial balloon for when they buy it all next year..lemonade stands will need funding- Fed wants cheap $ to print another 10 Trillion apparently as of yesterday and the Pres wants cheap $ to refi his properties and golf courses to avoid BK-that’s all any of this is, crash it they will- socialism for rich, capitalism for poor- enjoy :)

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When landlords refi their mortgages at lower rates do they drop rents? Fuk em

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