Greenfield, a friend sent me this one

you will like it.

"A mortgage banker told me that in late 2007 or early 2008, 30yr amortizing
mortgage will be history. The new trend would be interest-only 30 year mortgage. All principle payments are voluntary, that is, if you want and are applied directly to the loan balance and will lower your interest-only payment.

$320 per month for half a mil loan if you do not pay back any principles.


Basically, nobody woul care about paying off their homes anymore, better to just "rent" it through interest only loan and keep cashing out as the value increases year in and year out.


Take a look at the how REITs have been bonered for the past 3 years.
How Gates foundation and Milers accumulate home builder

We live in the 21st century Weimar Inflation.


Our investment should be aligned accordingly.