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kripcat.eth 🎩
@kripcat.eth
Onchain mortgages seem like the final boss for DeFi. Cross jurisdictional. Tied to permissioned, off chain, sometimes off line, state based systems. No onchain recourse to claim the collateral asset in the event of default. Sounds hard. But there’s also a wealth of opportunity. Here in Australia for example I cannot access a permanently fixed interest rate on a mortgage, the default is a variable rate and essentially all fixed rate loans revert to variable after a maximum of 5 years. This is because we don’t have a well established mortgage backed securities (MBS) market that off loads the risk of long term fixed rate mortgages for banks. With a global onchain mortgage market and a tokenised MBS market behind it there would be more competition, more consumer choice and greater access to home ownership globally as a result. Sounds worth doing. 🏡
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Cooki
@cooki
Agreed, sounds worth doing. 🏡
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maurelian
@maurelian.eth
Can you get a long term fixed rate loan anywhere? That seems like an impossible risk assessment for the lender.
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YES2Crypto 🎩 🟪🟡
@yes2crypto.eth
I want to say there was a coin for real estate - REX maybe? I can't remember and when I searched for it, REX was something else. I remember being inspired that blockchain could help end the risks of countries going under and new people rewriting the rules. btw, 565 $DEGEN as appreciation for your 13m hypersub. thank you
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daivd 🎩👽 ↑
@qt
Sounds worth doing 🙌
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guillermo
@gubaar.eth
sounds amazing and will help in several ways, it can offer you the opportunity to buy and can unlock a lot pf cash if you own. definitely seems worth doing!
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