| jd7520 - 11/18/2025 12:45
Just think, if you are 20 years old and have just bought your house on a 50 year mortgage. You will be retired 3 years before you have your mortgage paid off. I see that as real sound financial practices in action.
I’m not crazy about the idea but I think the point is to get the payments down to an affordable level in order to get the folks into a house so they can stop chasing the increasing house prices and participate in the appreciation.
Nothing says they can’t pay it off early when their incomes hopefully increase.
But, supposedly housing prices nationally are beginning to decline. |
Is the train gathering speed ?
