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The Apple Cake Mortgage - A Shocking Pattern and Its Implications
#3
I'm exactly struggling to wrap my head around it. Is there any underlying economic rationale behind this? Perhaps a desperate attempt by someone to access capital speedily and handily, or something more... sinister? Do you think this taps into anxieties on financial insecurity, even if it's presented as a 'solution' - a way of circumventing conventional lending practices?
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