if you're 40 and you get a 30 year amortization it does not necessarily mean you'll be paying off the place until you're 70. Inflation wipes away debts and as governments around the world as the biggest debtors in history, you're in good company. The financial and economic conditions currently are completely different than the ones in the early 80s where they were able to jack up interest rates. It is currently impossible to raise interest rates and not risk the entire global economy. So low rates are here for the long haul as well as inflation. The days of high rates and low home prices which benefit savers are HISTORY. Maybe in another 100 years those days will come back but this is the new economy and those that don't adjust will get slaughtered.
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