Oyster Stew? Another Bad Government Idea To Fix Housing Affordability: The 50-year Mortgage (Interest Paid By Borrower Increases By 105%!)
by confoundedinterest17 Every time the government tries to make housing more affordable, they make the problem worse. Some people should rent and not fall for the government’s latest folly, the 50-year mortgage. True, the 50-year mortgage would lower the monthly payment by several hundred dollars (see the following example where the monthly payment falls from …