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Reply to "30 years mortgages and employer-based healthcare"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]More recently, Trump proposed 50-year mortgages, which are common in some other countries. [/quote] In which countries are 50-year mortgages "common"? This seems like one of those situations where people seize on a dumb idea to try to sanewash it but once you actually dig into the example 'other countries', it doesn't hold up. For the record, 30-year mortgages ARE uncommon in most other countries - the long, long mortgage term is a US thing. But sure, let's nearly double those unusually long mortgages.[/quote] You can always Google. Japan. Other counties like the UK, Switzerland, France and Finland apparently offer 50 year mortgages. Most Western countries have 25 to 30 years as average mortgage duration. And in countries like the UK rates can be commonly floating/variable, not fixed, which is why they have bouts of foreclosure crises when rates shoot up. You can find this out by googling easily. [/quote]
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