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Co-Op
Hypothetical: Why couldn't some of these multi millionaires create a co-op by getting together making themselves available to offer home loans cheaper than what the banks are charging?
1/ Their interest rates to the borrower would be lower than the banks.
2/ It probably isn't like they actually NEED their money and they would still be getting paid.
3/ Maybe set up a points type system for the most desperate.
Am betting that someone has already thought of this suggestion.
Only genuine responses need reply. Thanks.
