Ask Experts Questions for FREE Help !
Ask
    tomder55's Avatar
    tomder55 Posts: 1,742, Reputation: 346
    Ultra Member
    		  
    #1

    Nov 12, 2025, 05:29 AM
    50 year mortgage What a terrible idea !!
    The average age of a first time home buyer today is near 40 years old .
    First-Time Home Buyer Share Falls to Historic Low of 21%, Median Age Rises to 40

    Yeah maybe it would make home buying more affordable for 1st time buyers . But there is a good chance they will die off before they ever finish paying . Let's say they live a long life. By the time they have paid it off ;they will have paid more than double the price of the home. The way mortgages are structured they will have built up a pathetically small equity in their home by the time they reach retirement age. They will be paying off mortgages with SS money.

    What this really does is make mortgage lending more profitable for banks .


    High home prices are a problem, having soared 56% since January 2020. Two reasons are excessive government spending that fueled inflation and historically low pandemic-era interest rates. The Federal Reserve then had to raise rates to bring inflation under control. The result: Average monthly payments on a new home have climbed some 80% over the last five years.
    A 50-Year Mortgage Is a Bad Deal - WSJ

    Hey I got an even better idea ! Let's offer 15 year loans for the purchase of diminishing assets like autos !!!! It's like they don't want the youth to own anything and they want them forever in debt .
    Debt that outlives you and gets passed on to your kids and grand kids .. The American way !!

    "....secure the Blessings of Liberty to ourselves and our" Posterity"
    jlisenbe's Avatar
    jlisenbe Posts: 5,020, Reputation: 157
    Uber Member
    		  
    #2

    Nov 12, 2025, 06:54 AM
    Trump is beginning to be a liability.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Collection Agency Lien on Mothers Mortgage, no idea what the original debt is. [ 2 Answers ]

My mother is in the process of refinancing her home with Wells Fargo. There was a lien on her property for hospital bills that had been satisfied but the paper work had not been recorded properly. While we were in the process of getting that taken care of a company called Portfolio Recovery...

Balloon mortgage is it a good idea [ 3 Answers ]

Should I hold the mortgage on my house balloon at 4% on 350,000 mortgage for 5 years with only a 25,000 down payment]

Any idea about. This Reverse Mortgage? [ 4 Answers ]

My husband who is going 68 this month,thought of this reverse mortgage.I lack an idea,advantages and disadvantages about. This in the future.Since I am on my fifties, I was told, I have to sign a quit claim in order for my husband to qualify.There's no problem with me signing it, if it's for the...

Should I get a 30 year mortgage at age 47 1/2. [ 1 Answers ]

I am looking at purchasing our dream house. My current home is a "postage stamp" with only one bath and is 17 years old. We have ~5 years left on current home loan and our house is in immaculate condition but will need many updates within the next 5 years. Our dream house will require us to go with...

15 or 30 year mortgage [ 2 Answers ]

Which is the best mortgage to get if I don't intend to stay longer than 5 years? 15, 20, 25, or 30. Goal is to minimize interest and pay down principal as fast as possible while being able to pay other bills? What is the most popular mortgage and why? Thank you.

View more questions Search