Category: Real Estate
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The 30-year mortgage is a trap designed to keep you in debt forever
The 30-year mortgage looks like the responsible default, but the structure benefits lenders far more than borrowers. Here’s what the amortization schedule hides.
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Prop 13 is the worst housing policy in America
Prop 13 froze California property taxes in 1978 and quietly reshaped the state. Decades later, it’s a major reason housing costs and inequality keep getting worse.
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Bi-weekly mortgage payments are a marketing gimmick
Lenders charge fees to set up bi-weekly mortgage payments you could replicate for free. The savings are real — and you can capture them yourself in five minutes.
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No HOA Doesn’t Mean No Problems
‘No HOA’ is a real-estate selling point — but the alternatives can be worse. Without rules, neighbors can do almost anything next door.
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The Dream Home Concept Can Be Misleading
The ‘dream home’ freezes your finances and your geography. The houses people are happiest in are usually flexible enough to handle a life that changes.