-->Was es nicht alles gibt...

"Just recently they have introduced what I call the Death mortgage, the so-called 40-year mortgage. As if 30 years of tying your neck around a rope is not enough, now they find a way to enslave you for 10 more years. This mortgage is being touted as the solution for new buyers to compensate for the increased prices of houses. So now you can still buy that 500k house and have monthly payments that fit into your budget. Insane offers usually come right towards the last stage of a bubble. The 40-year mortgage certainly qualifies as one."

(Ed. note: 100-year mortgages are often taken out in Japan. Nice gift to the grandchildren.)


<ul> ~ link</ul>