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100 sats \ 1 reply \ @optimism 11 Nov \ on: How to get filthy rich with the 50 Year Mortgage econ
"You will own nothing, and you will be happy"
Why? Cuz the bank will own you. And you will have to bail them out. Every. Single. Time.
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192 sats \ 0 replies \ @ThatWhichisNotSeen 11 Nov
they for sure would if needed. the 50 yr mortgage (just as the 30-yr mortgage before that) is a bail-in for the banks.
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