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

Check Out The Last Show!
The 50 Year Home Mortgage
Is the 50 year home mortgage a good idea or a bad one? In todays show we will talk about exactly that. We will review the idea from the perspective of the buyer, seller and the community at large.



