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Infinite Ammortization Loan ...... 46 miles Worth!

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?

 

Comment balloon 1 commentKevin Robinson • March 18 2009 09:58AM

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Kevin- Wow. It seems so big. If we do not get on it now it will be hard to ever get a handle on it. The United States has not always been in debt. It is relatively new to our nation. Our prosperity was gained from our Independence and innovation. Debt really means what you have belongs to someone else until it is all paid back, or settled. We are limiting ourselves adn what we are able to do freely.I feel enslaved-Dinah Lee

Posted by Dinah Lee Griffey, Managing Broker Windermere Peninsula Properties (Windermere Peninsula Properties) over 11 years ago

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