50 year mortgages....

Discussion in 'Wall St. News' started by marketsurfer, Dec 13, 2006.

  1. Mvic


    The madness continues...
  2. do these products make any economic sense for the consumer?

    its my understanding that 100 year residential mortgages have existed for some time in japan.

  3. Still better than paying rent, the average middle class family can barely afford the 5% + fees down payment required for a new home, much less the monthly payments required for a home with a 15 - 30 year loan @ say 400k.

    Your better off being very rich or very poor in America. The middle class really takes it up the ass.
  4. "Nor a borrower or a lender be"

    Benjamin Franklin

    Although Mr Franklin may have had this wrong. It seems lending is a great business model...
  5. The rich pay A LOT... WAAAAYYY more than their "fair share", but at least they can afford it.

    The poor GET A LOT... pandering to their vote.

    The middle class gets hosed. Eventually there will be no middle class in Amerika.
  6. Actually, excessive debt creation is one way (and the chosen way of the US) for the Gummint to SCREW THE POPULACE OUT OF THEIR ASSETS without them realizing how they're being hosed.... it's an age-old story with HUNDREDS of historical examples.
  7. Agreed.

    but I would still like to be the guy who makes the vig on 50yr loan....
  8. Doesn't everyone want to be the guy who makes the vig on anything? No risk... collect the transaction cost!
    #10     Dec 13, 2006