This is the darker side of the suburban West Coast, post-automobile model. (Comparison of Berlin to Seattle.) https://twitter.com/bruteforceblog/status/637076001760014336 …
@eparillon @bruteforceblog what's an appropriate term length? They extended from 20 yrs to 30 to reach a larger % of the US pop.
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@kimmaicutler @bruteforceblog Well both 20 and 30 run into a duration mismatch problem for lenders, whose funding has a much shorter term -
@kimmaicutler @bruteforceblog eg., demand deposits (very short duration since you can withdraw whenever) and 2-3yr CDs
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@kimmaicutler @bruteforceblog 10 with a balloon (so the ongoing payments aren't arduous) probably more reasonable. That's why you ... -
@kimmaicutler @bruteforceblog ... see that structure in commercial RE where GSEs are less involved. - 1 more reply
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