Rob Luna

You got to get out there and find somewhere else to take your family.

The value of your kids being able to come to a place that they know is their home.

So all that has some dollar value that might be exponentially higher than the interest that you're paying.

And I get that, and I love and respect that.

But here's the problem with it.

When you think about it, and we've done a lot of work on this, when you look at a half a million dollar home, okay, and you have a 6% interest rate somewhere where we're at right now, when you have a 30 year mortgage, that payment roughly is about $3,000 a month.

When you extend that out to 50 years, that doesn't get cut in half.

If it did, I might be more on the side.

It goes to 2650.

So it winds up saving you.

What were the numbers again?

So it takes you from about 3,000 a month to 2,650.

So you save about- That's pretty fucking bad.

350 bucks.

For that, instead of over 30 year taking a half a million dollar home and paying a million for it, you pay 1.5 million for it.

So it's three times more.

The problem also with, like you said, upward mobility,

Because you have so much interest now that's built in this and amortized over a 50-year period, the first 15 years, you basically build no equity in the house.

You're paying back that interest over that period of time, and then it starts to accelerate.

Yeah.