Comment on Bank Workers, Rejoice!

buttnugget@lemmy.world ⁨1⁩ ⁨day⁩ ago

• infinitesunrise@slrpnk.net ⁨1⁩ ⁨day⁩ ago

  They’re considering offering a 50-year mortgage product to a market where the average first time buyer age is 40. Like no joke they’re aiming to lock people into a mortgage that would cost more per month than renting the same property until they’re 90.

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  • alekwithak@lemmy.world ⁨1⁩ ⁨day⁩ ago

    they’re aiming to lock people into a mortgage that would cost more per month than renting the same property until they’re 90.

    How do you figure that?

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    • Swedneck@discuss.tchncs.de ⁨1⁩ ⁨day⁩ ago

      en.wikipedia.org/wiki/Mathematics

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      • alekwithak@lemmy.world ⁨23⁩ ⁨hours⁩ ago

        Rents are already higher than mortgages and the whole point of the 50 year mortgage is a lower monthly payment, but okay yeah I’m the idiot.

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• MTZ@lemmy.world ⁨1⁩ ⁨day⁩ ago

  Me too bro, me too.

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