Creativity is one thing...but never being able to pay off a mortgage is another, isnt' it? But then again, home ownership is better than renting...right? And with real property, the usual story is appreciation, so perhaps this does make sense. In the UK, introducing the Half Cent Loan (50 years).
"...one company yesterday proposed an answer to the crisis hitting first-time buyers: a 50-year home loan." See http://money.guardian.co.uk/news_/story/0,,2101554,00.html for details.
It wasn't that long ago that Fannie started buying 40's. Is the Half Cent Loan coming to the states any time soon?
No comments:
Post a Comment