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by kasey_junk
1087 days ago
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The US has 50 year mortgages and 100 year lease terms on certain real estate holdings are not extraordinary. Japan even had 100 year mortgages in the past. FDIC insurance would cover the case where the bank went bankrupt. This is a strange financial instrument and I’m skeptical of it, but it’s not outlandish compared to other long held instruments like annuities. There might be some place for it in certain peoples portfolio. |
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