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Graham Stephan calls 50-year mortgages a disaster, but Sanders Scott argues they make sense compared to renting for life, not against a 30-year mortgage. The math changes depending on what you're measuring against.
Graham Stephan calls 50-year mortgages a disaster, but Sanders Scott argues they make sense compared to renting for life, not against a 30-year mortgage. The math changes depending on what you're measuring against.
A 50-year mortgage is an absolute disaster waiting to happen.
Only if you're comparing it to a 30-year mortgage. Compare it to the rent forever trap and it's a different story. Check out my blog.
