And they call you a conspiracy theorist when you say the banks are bleeding us dry!

l0k18

That's actually completely insane. With a 25 year mortgage, you'd be guaranteed to have to deal with at least 2 recessions (which are typically 7-11 years apart), any one of which could push your mortgage payment beyond what you can afford. In the best case scenario, you're savings would get wrecked partway through the mortgage term.

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saloon

I stand corrected.
That's actually completely insane. With a 25 year mortgage, you'd be guaranteed to have to deal with at least 2 recessions (which are typically 7-11 years apart), any one of which could push your mortgage payment beyond what you can afford. In the best case scenario, you're savings would get wrecked partway through the mortgage term.