⚡️ SEE ALSO nevent1qqsq9s2cxuc8jfxe77hprkz38a8cmd9n8e69u3g2a5gk9q7jf99qh4cg5r8q9
⚡️🇺🇸 WATCH - 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.
https://blossom.primal.net/756574e99f0794ec4f056ebdbe316ffbec2106757064eac7be59b4e70a9c73f7.mp4
Discussion
Worst thing is that by the time she's ready to sell by 2030, the house won't be worth $750k (think 20% less). She won't get her equity back because she will be underwater. She'll put the keys on the counter and walk away.
I wouldn't bet on that. They print infinite money and import infinite people to keep demand up.