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"ordinary mortals" who can make their payments on a 30 year mortgage will have it paid off in 30 years.
by a_c_s 11y ago
"ordinary mortals" who can make their payments on a 30 year mortgage will have it paid off in 30 years.
- bshimmin 11y agoExactly this - if banks didn't think people could pay off mortgages, at least some chunk of the people, they wouldn't be offering them. I agree that buying a house in central London (for example) is probably outside the reach of mere mortals, but I think that problem occurs several steps before the "paying off the mortgage" bit applies! Many very interesting replies to my initial comment; it certainly is useful to see things from a different perspective.