Updated 1 day ago on . Most recent reply
A 50-year mortgage sounds like affordability, really?
A 50-year mortgage sounds like affordability — but it’s really it'll be debt that never ends. lol
On paper, stretching a mortgage from 30 years to 50 lowers the monthly payment, yes.
But in reality, you’re paying far more in interest while barely building equity for decades.
If you buy a house at 25 years old if you're lucky, you'll be 75 when the mortgage term ends...
It’s housing that feels like ownership but functions more like renting — just with a longer contract and a higher total cost.
The real problem isn’t the length of the loan.
It’s the affordability crisis that’s forcing people to consider lifetime debt as a solution.
Until we address prices, wages, and supply, extending loan terms only delays the inevitable...
The further elimination of the middle class chasing the American Dream of owning a home.
