That's right ..I said infinite amortization. That is just about the amount of time it will take for the American Government to pay off the trillions of dollars it has committed the American people to . In real estate we seldom see more than a 30 year amortization. There were some loans made after 2000 that were 40 year paybacks and I simply thought that was absurd...way to long for someone to be committed to a payment plan. But the US Govt. has had no problem committing us taxpayers to what amounts to an Endless Pay Plan......Do you think when we finally do see the end in sight they will try to Refinance and pull out some more of our Equity in this great country?
How much is a trillion? A Million is a stack of thousand dollar bills about 4 inches thick. A trillion is about 46 miles high of $1,000 Bills! Do we even have a thousand dollar bill anymore?