POV: Boomers after selling their $10k house from 1979 "as-is" for $2.2M... their adult kids couldn't come up with the down payment. I go on and on, can't understand how I last so long.
$5,000 a month Mortgage is insane. $1.6 million at the end of the note. "They APPROVED us... and I realized WHY we'll never own a home." An American couple did everything "right" — steady income, good credit. Interest, taxes, insurance — all stacked on top. "We'd pay $1.6 million for a $450,000 house" It's lifetime debt dressed up as opportunity.
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