BREAKING: President Trump announces his 50-year mortgage to solve the housing crisis.
At 7%, a 50-year mortgage means the bank earns more than double what the house costs. You hand over $1.36 million in interest just to live in a $500K home.
Follow
@FluentInFinance But the bank also loses because the money it loans out can't be used for other investments.
A diversion of capital for half a century is worth something after all.
