An American buys a $784,000 home with a $5,700 monthly mortgage.
After 4 years and $285,000 paid, only $50k hits the principal.
$230,000 is PURE interest.
Over 30 years she’ll pay $1.6M for a $784k house.
This isn’t “homeownership” — it’s usury.
I did not know that Billy Corgan of Smashing Pumpkins and comedian Bill Burr were brothers that share the same father and are the same age, but don't really know each other.
this was awkward.