Subprime lending in 2023 is still an issue. With the market softening, and many anticipating a drop in home values, this is a problem.

In todays show, we will discuss subprime lending, but also review last weeks show, which was created using the AI chatGPT.

Beware ChatGPT

We start off this weeks show talking about last weeks podcast, which was created using ChatGPT. This experiment was intended to show how this tool can be used to potentially mislead consumers on how much knowledge a real estate agent has on various topics.

Subprime Lending Review

We discuss what subprime lending is and how it has evolved since the downturn of 2008.

Solving Problems Instead Of Symptoms

Subprime lending is best solved by educating the folks that are borrowing, not burdening them with debt they are not prepared to manage. It helps banks, but not borrowers.

Links:

• https://www.forbes.com/advisor/mortgages/what-is-a-subprime-mortgage/
• https://www.experian.com/blogs/ask-experian/the-pros-and-cons-of-subprime-mortgages/