Well, if the home price is inflated by 300% then you usually can't afford a 15-year. Lol. And what do longer mortgage terms do... inflate the price of housing.
I'm not disagreeing with all the problems, only with his assertion that they don't exist anymore. They absolutely do, people just don't ask or look for them because they simply ask around for lower monthly payments to the exclusion of all possibilities.
Well, if the home price is inflated by 300% then you usually can't afford a 15-year. Lol. And what do longer mortgage terms do... inflate the price of housing.
I'm not disagreeing with all the problems, only with his assertion that they don't exist anymore. They absolutely do, people just don't ask or look for them because they simply ask around for lower monthly payments to the exclusion of all possibilities.