A 50 year mortgage..

[AKIron]

The same house you aren't going to rent cheaper than buying. Even if little goes to the principal chances are over time the price of the house will go up. Most people who bought will walk away from that house with money back. Those who rented not so much.

[Eagler]

The total interest on a $300,000, 30-year mortgage at 6% is approximately $281,378.13. The total interest on a $300,000, 50-year mortgage at 6% APR is approximately $559,221.32. Top it off, on the 50, you are creating almost zero equity.
Wonder if these "geniuses" have any other ideas... maybe indentured slavery?

All that just to save a couple hundred dollars off the monthly payment..

Unbelievable it is even being discussed as an option..

I guess this is what happens when your currency is dieing a slow death..life basics become to expensive for the majority to own out right, they can only lease their transportation and housing, while buying most other items on those ever heavy credit cards..

Inflation is just a currencys death rattle imo..

All this to keep the manipulated market creating record levels...you know when the market behavior was similar..it didn't turn out well for most folks..

Eagler

[AKIron]

You conclusion is quite a leap. Inflation is caused by over spending and printing borrowed money to cover it. Government over spending.

[Eagler]

You conclusion is quite a leap. Inflation is caused by over spending and printing borrowed money to cover it. Government over spending.

How's it a leap?

Our ignorant leaders continue to devalue the dollar opening the door for its collapse..

We best keep flexing our military might down south and show the news footage of Hussain and Muammar Gaddafi demise to entice our allies to continue to be our friends..

Eagler

Eagler

[AKIron]

How's it a leap?

Our ignorant leaders continue to devalue the dollar opening the door for its collapse..

We best keep flexing our military might down south and show the news footage of Hussain and Muammar Gaddafi demise to entice our allies to continue to be our friends..

Eagler

Eagler

The market is affected by inflation. Same with grocery and gas prices. They are not the primary cause nor is the market what drives the desire for inflation.

[AKIron]

You want your monetary commitments like social services (social security, welfare, insurance, etc...) to cost less then print more money and drive up inflation. Then don't increase those payout as much as inflation. Viola, redistribution of wealth.