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Originally Posted by fenwick16
I am basing that on 5% interest fixed rate for 25 years and on the low estimate of $1.1 billion - here is a mortgage calculator. |
My guess is that the government can get much better financing than what people get from RBC for mortgages. It also makes sense for the government to amortize the cost over a longer period -- the Golden Gate is 78 years old.
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