David devotes this week’s Capital Record to the folly of the “game-changing” idea of a 50-year mortgage. He stands within first principles by allowing risk takers to freely transact, but points out the economic reality of how people who believe they get a cheaper house by paying for it over an extra 20 years are, well, wrong. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
