21 () 👀 EYES ON! 👀 posted 2 years ago by Zeitreise 2 years ago by Zeitreise +22 / -1 7 comments share 7 comments share save hide report block hide replies
This worked out so well in the late 70's. I remember my parents getting a 30 yr at 12%... Got a good deal on the house though.
Ours was 14% and yes we thought that was a good deal yikes ...
This is when the 50 yr mortgage is born
or "slavery"
Only for the people to then not afford their bullshit property income tax after year 10. And the property get taken away after the owner dies, and the kids can't inherit it due to death taxes.