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by ClumsyPilot 1488 days ago
Problem is the amount of money people will pay for a place to live is unlimited.

If people would take 300 year mortgages that would put your kids into debt bondade if thry could

1 comments

A 30 year mortgage is just below the threshold of being an interest only mortgage. Especially when looked through the lens of a 10 year length of stay in a house. Ten years into a 30 year mortgage, one will have paid something like 60% of the total interest on the loan.