Subject: Re: More on the 50 year mortage

I am not talking about buying now. I am talking about using the mortgage when rates are low and the housing market has gone bust.

I'm talking about the average person being snared by the house salesman: "you could finance this grubby little place, for 30 years, or you can get this shinny, new, Pulte mcmansion for the same payment per month (by financing for fifty years)"

Steve