return2ozma@lemmy.world to News@lemmy.world · 7 months ago'America will become a renter nation': Grant Cardone warns the US could see 100-year mortgages — says we might even rent our clothesfinance.yahoo.comexternal-linkmessage-square174fedilinkarrow-up1379arrow-down151
arrow-up1328arrow-down1external-link'America will become a renter nation': Grant Cardone warns the US could see 100-year mortgages — says we might even rent our clothesfinance.yahoo.comreturn2ozma@lemmy.world to News@lemmy.world · 7 months agomessage-square174fedilink
minus-squareSocsa@sh.itjust.workslinkfedilinkarrow-up4arrow-down1·edit-27 months agoWait, are we renting or are we having 100 year mortgages?
minus-squarebobs_monkey@lemm.eelinkfedilinkarrow-up4arrow-down1·7 months agoYou’ll have to pay a 100 year life mortgage for the opportunity to rent everything. Think of it as a subscription to stay alive in America /s
minus-squareprole@sh.itjust.workslinkfedilinkEnglisharrow-up1·7 months agoI guess what’s the difference at that point (beyond gaining some equity I guess)? Otherwise, the outcome is the same: paying someone every month to live there, and you’ll never own it because you’ll die before you pay it off.
Wait, are we renting or are we having 100 year mortgages?
You’ll have to pay a 100 year life mortgage for the opportunity to rent everything. Think of it as a subscription to stay alive in America
/s
What?
I guess what’s the difference at that point (beyond gaining some equity I guess)? Otherwise, the outcome is the same: paying someone every month to live there, and you’ll never own it because you’ll die before you pay it off.