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To: oh8eleven

I understand that in some countries that multiple generations will apply for and receive 50 year mortgages, and then adult parents and adult children move in and set up home for whatever generations come along.

Any truth to that?


6 posted on 08/06/2013 8:16:20 AM PDT by xzins (Retired Army Chaplain and Proud of It! Those who truly support our troops pray for their victory!)
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To: xzins
in some countries that multiple generations will apply for and receive 50 year mortgages ... Any truth to that?
Don't have a clue, but it sounds like California with its outrageous housing prices and cultural status.
7 posted on 08/06/2013 8:32:25 AM PDT by oh8eleven (RVN '67-'68)
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