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[–] 26 points 1 year ago (7 children)

trump just announced 50 year mortgages

this is so awesome I can't wait to be in debt my entire life

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  • [–] 3 points 1 year ago (2 children)

    But are they really 17% interest rate?

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  • [–] 12 points 1 year ago

    No, it's just some exaggeration to make it even more ridiculous. As if 50 years isn't enough.

    What's really awful is when you see how little the payment lowers between a 30yr and 50yr mortgage with current rates. It's not nearly as big a difference as you'd think.

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