👉 I'll introduce you to a peculiar word, "mortgage 800k house," which sounds like a mystical equation from the spiritual world. Imagine walking into a dark, labyrinthine room where everything is in black and white, except for your imaginary finances.
The mortgage 800k house is an odd number that seems to jump around on a scale of debt repayment. It's not just any 800k house; it's one with the highest possible interest rates—perhaps 8% or more! If you're in a rush and don't want to waste time, take a guess. You might say: "How much would I need to pay on such a high-interest mortgage?" In an edgy way, imagine getting this mortgage 800k house for $125,000 without any interest or down payment—just $1 million. The result of all the speculation is that if you had this mortgage 800k house, it would be like having a lot of money but no job. The idea is to illustrate how the word 'mortgage' can come out of some odd place in financial terms and have a bizarre connotation in its use. So next time you see someone using "mortgage 800k house," just remember they're saying, "How much would I need to pay on such an interest-ridden mortgage?"
