Patrick McKenzie @patio11

This is sort of a niche financial product but I’ll explain mechanics since plausible a few readers will eventually be able to use it:

Banks want you to have ~20% equity in your house to protect them against default risk. (Lower down-payments are subsidized by USFG through GSEs.)

Oct 25, 2024 View on X →

https://x.com/patio11/status/1849840576218181655