• Diplomjodler@lemmy.world
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    1 day ago

    And then their kids keep paying until they die and still haven’t paid it off, even though they’ll have paid twice the original amount by that point. Whoever came up with this bullshit is probably right now buying their third yacht from the bonus.

    • gibmiser@lemmy.world
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      1 day ago

      30 year mortgage means you pay for the house twice with interest. 50 year mortgage means paying for the house 3x.