Peter Schiff questions crypto mortgages: the double interest may raise the threshold for home buying and increase default risks

Economist Peter Schiff posted on the X platform that mortgage structures backed by crypto assets could significantly increase home buying costs.

Borrowers not only have to pay traditional mortgage interest but also bear the interest on the "second loan" secured by crypto assets. This model essentially amounts to 100% financing for the property, thereby amplifying leverage levels and potentially increasing overall default risk.