THEY'RE DESPERATE TO KEEP HOME PRICES HIGH FOREVER!
There's a growing set of people out there who are proponents of the 40 year mortgage. They think that this will make housing more affordable for people that are having a tough time. Affording a house today with a 30 year mortgage. But the difference in payments is almost negligible at today's interest rates and prices and how long before, the 40 year mortgage becomes unaffordable? We need better answers to make our housing market work for everyone.
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