No. of Recommendations: 2
The other way of seeing it, the payments are small and will seem very small against inflation.
Nope. The size and price of houses will increase, so the monthly on a 50 year, will be the same as it is on a 30 year now, because the monthly a buyer qualifies for is the controlling factor. But the builder makes more money, by selling bigger, more expensive, houses. We have already seen that play out with cars. iirc, last month, the average transaction price on a new car cracked $50,000.
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.
Steve...looking around nervously, Nomex longjohns at the ready.
