No. of Recommendations: 0
"It's no mystery that the 50 year is endorsed by the the current head of the Federal Housing Finance Agency, Bill Pulte, a member of the mcmansion building Pulte family. He knows what will best line his pockets."
The housing market feels as bubbly as the stock market. Sure am glad I purchased
at the end of the GFC. Personally, am not thrilled with the escalation of home prices. Costs more to insure them, maintain them, and pay more in property taxes.
Builders, Realtors, and local Townships ( taxing authorities ) are benefiting hugely from the rise in home prices. Really don't see how people making 100k a year are willing to buy at $400,000 or $500,000. That's $100k before all deductions, sure doesn't feel like that can supports a $400,000 mortgage.
I think Pulte has run those numbers, and he is probably getting anxious about
the burden of the monthly payment on the beleaguered, and lo and behold, the 50 year mortgage gonna solve all problems.
I'll have to check in on Dave Ramsey, hear his take on the 50 year mortgage,lol,
should be good for a few laughs.
