Gransnet forums

News & politics

Page 1 of 1
Flip | Customise

Talking about wealth: what happens if the government took on the mortgage debt?

(4 Posts)
Add comment | Report
Whitewavemark2 Sat 30-May-26 17:56:45

No the relationship between mortgagee and provider would be different. One the debt is cleared the house will be wholly owned by the mortgagee.

I’m approaching this from trying to prevent the very wealthy hoovering up the wealth. This way it would stay in the taxpayers hands.

Add comment | Report
Macaydia Sat 30-May-26 17:43:18

Sorry you are sick flowers

Interesting thought but then real estate would be removed from a familys wealth bucket wouldnt it? Similar to communist nations?

Add comment | Report
Whitewavemark2 Sat 30-May-26 17:36:01

Just to say that this would show as a credit on the government books not a debit.

Add comment | Report
Whitewavemark2 Sat 30-May-26 17:32:10

Initially government assets would rise exponentially, but the these assets would be gradually over time transferred to the mortgagee.

So say the interest rate was set at the current the government pays for its deficit.

This in effect would increase the overall wealth in society without increasing the very wealthy assets.

I’m laying my sick bed here so no doubt my logic is scrambled.

But just a thought

Page 1 of 1
Flip | Customise