50-year mortgages are likely to increase the likelihood of more “owners” becoming underwater and walking away from their mortgages. This will lead to more bailouts for the financial sector. Taxpayers will pay the price.
You May Also Like
Editor's Pick
Trump’s latest Hollywood “hit” isn’t the kind you stream. Threatening to slap a 100% tariff on films produced in foreign countries, the president’s announcement...
Editor's Pick
We’ve been cautious about the uptrend phase off the April low for a number of reasons, including the lack of breadth support. While short-term...
Editor's Pick
Colleen Hroncich Things weren’t going the way Ar’Jillian Gilmer expected. After much prayer, she had taken a leap of faith and left a secure...
Editor's Pick
Alex Nowrasteh Charlie Kirk, the co-founder of Turning Point USA, was assassinated while speaking at an event in Utah on September 10. The police...