StrawberryPigtails@lemmy.sdf.org to News@lemmy.world · 2 years agoA 30-Year Trap: The Problem With America’s Weird Mortgageswww.nytimes.comexternal-linkmessage-square55fedilinkarrow-up1115arrow-down119
arrow-up196arrow-down1external-linkA 30-Year Trap: The Problem With America’s Weird Mortgageswww.nytimes.comStrawberryPigtails@lemmy.sdf.org to News@lemmy.world · 2 years agomessage-square55fedilink
minus-squarethe_q@lemmy.worldlinkfedilinkarrow-up1arrow-down6·2 years agoAmerican mortgages are scams. $100k house at 3% interest over 30 years turns that $100k home into $189k giving the loan institution a free $89k all for commoditizing shelter.
minus-squarejoenforcer@midwest.sociallinkfedilinkarrow-up1·edit-22 years ago $100k house Oh, you sweet summer child… Also, please come back when you understand opportunity cost. I will GLADLY pay anyone a 3% rate to front any amount of money I already have.
minus-squareDkarma@lemmy.worldlinkfedilinkarrow-up1arrow-down1·2 years agoNo shit…lol they have no clue how interest works
American mortgages are scams. $100k house at 3% interest over 30 years turns that $100k home into $189k giving the loan institution a free $89k all for commoditizing shelter.
Oh, you sweet summer child…
Also, please come back when you understand opportunity cost. I will GLADLY pay anyone a 3% rate to front any amount of money I already have.
No shit…lol they have no clue how interest works