My grandfather bought an apartment from Blackrock on a 200 year mortgage.
1 bed, 1 bath, no car.
My family has been paying it off for 80 years now. We're nearly half way there.
We're so grateful that we're not renting.
And in just 2 more generations, we'll own it outright.
We've only paid $8.6 million in interest. The apartment was $500k initially.
The apartment's downtown, near GloboCorp where my grandfather used to work.
He died at his desk and they forgot to tell us about it.
We found out a few weeks later, only because Blackrock starting chasing us for mortgage payments.
Sometimes I get sad knowing that I won't see the apartment paid off in my lifetime.
But I know we're building Generational Wealth, so that's OK.