Introducing: THE 50 YEAR MORTGAGE!!!

Source: lyric owe my soul to the company store

…
You load sixteen tons, what do you get?
Another day older and deeper in debt
Saint Peter, don't you call me, 'cause I can't go
I owe my soul to the company store
...​

How to become a serf.

Bob Wilson

 

A 50 year lease. Almost all your payments for thirty years go to paying interest.

And the landlord does not have to pay for repairs, insurance and property taxes.

That's up to the so called homeowner.

 

Problem now is real estate stagnated. Not good for the spirited gamblers. A 50 year loan only means you leverage the banks money with less, to a gambler. You wanted to just buy a house to live in for the rest of your life? Thanks for helping the housing market and paying that interest so others can buy and sell.