But if it became commonly done after graduating, then I imagine it would not predict much about whether you will pay the mortgage on your house (which is anyway secured by the house) and so lenders would soon not care.
I suspected this would be brought up, which is why I tried to pre-empt it by specifying that a home mortgage has special conditions that make it not 1 to 1 comparable to other leveraged investments, such as non callability, non recourse (in California), you get to live in it, and you get to live in that specific location (assuming you value it).
This sounds pretty cool - and would help a lot with buying a place (using the rented backyard ADU to offset the cost of the mortgage). I suspect the bank wouldn't care about this for mortgage qualifications, but it would be nice if they did.
Guy that handled my mortgage said many the houses he's dealt with in the more desirable neighborhoods have a lot of 'odd financials' going on in the deal. Sources of money are odd. And stocks and other types of paper are being traded for the house.
I really love the way they do home buying. Basically no-interest, but also no opportunity for mortages. The bank owns the house until you've completely paid it off.
I looked a little but couldn't find a longer article explaining it in more detail, but it should be easy enough to search out for interested parties.
I would be really interested in knowing if there's a correlation between number of rooms and the amount of mortgage paid for (i.e. how likely is it that a mortgage on a 2 bedroom home will be paid full before one with 5 bedrooms, or is it the other way around)
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