Man4others

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Thankfully people never lose their jobs and all Americans have a robust emergency fund right?

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Ma dude. I can find you a couple of years 2007-2009 and show you the chaos it called for people that became underwater on their homes, to the point that the Fed had to buy massive amounts of bad debt to keep banks from collapsing.

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Not if you're paying $800k in interest. Do you people even know what an amortization table is?

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And it makes the point for me. In order for people to not have to bring a check to sell their own house at closing you need the price to increase rapidly and steadily. Again we saw this 2009-2010, lots of people were so upside down on their loans they simply kept the prices high, because they couldn't afford to sell their "own" house. Either way, they were getting foreclosed on.

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15 years max and then you throw everything at the rest of it to pay it off

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I already told you. I see that as a sign of an unhealthy economic culture that's primarily based on unsustainable appreciation and debt culture.

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What usually happens when artificially low interest rate environment when a lot of money is printed by the government out of thin air? Inflation

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Some people absolutely pay off their home.

Let’s play your game though. How are people going to refi their mortgage or sell their home when they haven’t paid any principal because they’re 50 year mortgage is almost exclusively interest?

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