[Bernard]

A 40-year mortgage? That should be a clue that the property involved is overvalued. "Reality, what a concept!"

[July 4th]

Yeah, 40 years is nuts. A member of my family owns land in NYC on which there's a used car dealership. The owner of the dealership has a 40-year mortgage with my family member for the land...and still has over 20 years to go.