50 year mortgages are fractally bad policy. Zoom in on any effect and it contains within it infinite badness. At a fundamental level, it’s demand subsidization, which will never improve affordability of a supply constrained good.

Why not? Simplest reason is “Nobody made that decision.” If asked to justify the decision, I would say that over portfolio of small business accounts, very few in default are in default over $25, and many are in default over quite a bit, and so process designers care about #2.

LIVE NOW! Cover my face with these?? See you for 24 WHOLE HOURS! Hey @twitch, let’s be friends and do good for @StJudePLAYLIVE together?

My old digs in Ogaki was “Near the supermarket in Tsurumi-cho; turn left at the Buddha.” when I needed to explain it to cabbies. (Historically delivery operations had very large, detailed maps.)

you better checkity check yourself before you wreckity wreck yourself