return2ozma@lemmy.world to News@lemmy.world · 2 days agoTrump's 50-year mortgage gets default warning from Moody's chief economistwww.newsweek.comexternal-linkmessage-square11fedilinkarrow-up1177arrow-down11
arrow-up1176arrow-down1external-linkTrump's 50-year mortgage gets default warning from Moody's chief economistwww.newsweek.comreturn2ozma@lemmy.world to News@lemmy.world · 2 days agomessage-square11fedilink
minus-squareZron@lemmy.worldlinkfedilinkarrow-up6·1 day agoThis is renting, just the bank is your landlord and you’re responsible for all bills and repairs.
minus-squareprole@lemmy.blahaj.zonelinkfedilinkarrow-up2·1 day agoMaybe more akin to “rent to own” since I guess you (or your children since you’ll probably be dead at that point) will own the property after 50 years.
minus-squareRagingRobot@lemmy.worldlinkfedilinkarrow-up1·10 hours agoBut if you don’t have kids the bank just keeps it
This is renting, just the bank is your landlord and you’re responsible for all bills and repairs.
Maybe more akin to “rent to own” since I guess you (or your children since you’ll probably be dead at that point) will own the property after 50 years.
But if you don’t have kids the bank just keeps it