Prof G Markets Government Shutdown Ends — But the Damage Doesn’t
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Nov 13, 2025 
Ramit Sethi, a bestselling personal finance author, discusses the pitfalls of a proposed 50-year mortgage, highlighting its hidden interest costs and the cultural biases favoring homeownership. Dylan Carden, a senior analyst, analyzes On Running's strong quarterly earnings and contrasts it with Nike's competitive edge. Robert Sockin, a senior global economist, reflects on the economic fallout of the recent government shutdown, emphasizing the long-term risks and challenges it poses for data analysis and forecasting.
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Long Mortgages Hide Huge Interest Costs
- A 50-year mortgage mainly lowers monthly payments but massively increases total interest costs.
- Ramit Sethi warns it would cost homeowners about an extra half million dollars in interest on a typical purchase.
Homeownership Is Treated Like A Religion
- Most Americans treat homeownership as a cultural imperative rather than a financial decision.
- Ramit Sethi says few buyers run buy-versus-rent math or understand amortization and interest timing.
Monthly Payments Distort Big Purchases
- Consumers focus on monthly payments and ignore 'phantom costs' like maintenance and slow equity build.
- Financial firms exploit payment-focused decision-making to sell longer-term loans.
