The 50 year mortgage sounds like relief. The math tells a different story
A $375,000 home looks more affordable with a 50 year mortgage, but a simple 30 vs 50 year comparison at 6 percent shows how much extra interest you pay.
A $375,000 home looks more affordable with a 50 year mortgage, but a simple 30 vs 50 year comparison at 6 percent shows how much extra interest you pay.
Critics say New Yorkโs democratic socialist mayorโelect will chase out banks, hedge funds, and tech firms. The spreadsheets say something else. Leasing volumes are rising, office conversions are tightening supply, and a near 116 billion dollar city budget still rests on a tax base that has not fled.
New Yorkโs new “socialist” mayorโelect is generating plenty of panic on X, but the office market is telling a different story. Manhattan is on pace to top 40 million square feet of leasing for the first time since 2019, while conversions quietly shrink supply and flagship towers fill with long term corporate commitments.