An Experiment in Scotch

Appar­ently, lenders are get­ting more and more desparate to keep the hous­ing bub­ble alive and have recently begun imple­ment­ing a 50-year adjustable rate mort­gage. Because no one can save but every­one wants a house now, peo­ple cur­rently have this option.

The end of the bub­ble is com­ing and peo­ple who have loans like this are going to get killed.