Absolutely catastrophic for American men. If you are a sports better break away immediately. It is not worth it. You will not win it back. You will not beat the house. You are being exploited.
Let's say you take out a $400,000 mortgage loan at 6.25% - and choose a 50-year mortgage instead of 30 yrs.
In return for saving $283 monthly, you will pay an extra $421,302 in interest over the life of loan.
Or if you sell at 15 yrs, will have paid off just $29,000 in equity.
Newsletter: This is The Case Against Generative AI, a comprehensive analysis of a financial collapse built on myth, the markets’ unhealthy obsession with NVIDIA's growth, and the fact that there is not enough money in the world to fund OpenAI.
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