Until Debt Do Us Part!
America is a place where mortgages last longer than marriages.
If we look at the palatial residences of the elite shown to us in a thousand reality shows such as MTV Cribs ,Lifestyles of The Rich and Famous, and Real Housewives of… (Wherever), most of us can only see hours of cleaning,lawn work, utility bills,mortgage payments and bankruptcy court.
Humongous houses made sense when families were like the Waltons with seven kids and Grandma and Grandpa to feed. But the Walton’s were rich they owned the mountain and a mill!
Who today owns a mountain? For the average millennial homeowner bigger just means longer terms of debt repayment. But there are several movements in the housing industry that offer an alternative to lifetime debt until death. (Read More in the January 2019 Issue of HSM Magazine)