Anonymous
11/14/2025 23:33
Subject: Whats wrong with a 50 year mortgage?
Pulte, is that you?
Anonymous
11/14/2025 22:18
Subject: Whats wrong with a 50 year mortgage?
I ran the #s for us - we’ve got $6K PITI on $750K mortgage (bought at peak prices and peak rates smh). Moving to 50 year mortgage with same terms would “only” save us $500 / month. Doesn’t seem that significant in the scheme of things when a 1% rate drop would save us more.
Anonymous
11/14/2025 21:22
Subject: Whats wrong with a 50 year mortgage?
I prefer not to make a landlord or a bank richer. I prefer to make myself richer. A 50 year mortgage makes the bank richer and makes me poorer. So no, it's not a good idea.
Anonymous
11/14/2025 21:19
Subject: Whats wrong with a 50 year mortgage?
Anonymous wrote:Anonymous wrote:It's basically renting a place.
Nobody owns anything since government can take it away from you if you don't pay the extortion fees (property taxes)
Property taxes aren’t “extortion fees.” They pay for critical and essential services you benefit from as a homeowner.
Maybe try not to be such a teet-sucking freerider so much. It’s disgusting.
Anonymous
11/14/2025 21:19
Subject: Re:Whats wrong with a 50 year mortgage?
Anonymous wrote:
It's basically renting a place.
Nobody owns anything since government can take it away from you if you don't pay the extortion fees (property taxes)
My landlord would not agree that he doesn't own anything. The property taxes (as you know) fund things like police and fire protection and schools. Without police, fire and schools, you house/owned building value would plummet. Maybe there is a better way to levy taxes, but you won't get out of death and taxes.
Anonymous
11/14/2025 21:17
Subject: Whats wrong with a 50 year mortgage?
Anonymous wrote:Anonymous wrote:It's basically renting a place.
It's not. You still can do what you want with the property, including renovation or rebuild, which you obv can't with a rental, plus your payment is fixed and no LL can raise your rent to tell you to move out if they have other plans for the property. And you can borrow against whatever equity you put in.. You can prepay or pay it off early if you get higher income and upwardly mobile.
It's really a choice. I understand there is an outrage when it's sold to people as something that's supposed to be making housing affordable. It's not really making it affordable as it provides very little discount if it has the same rates as 30 yr loan and rates don't go down enough. I don't think having this option is harmful, so outrage about it being a horrible thing isn't something I understand.
Agree with this. Like anything else (credit cards, e.g.) a responsible person could use this wisely.
Anonymous
11/14/2025 21:11
Subject: Re:Whats wrong with a 50 year mortgage?
Anonymous wrote:
It's basically renting a place.
It's not. You still can do what you want with the property, including renovation or rebuild, which you obv can't with a rental, plus your payment is fixed and no LL can raise your rent to tell you to move out if they have other plans for the property. And you can borrow against whatever equity you put in.. You can prepay or pay it off early if you get higher income and upwardly mobile.
It's really a choice. I understand there is an outrage when it's sold to people as something that's supposed to be making housing affordable. It's not really making it affordable as it provides very little discount if it has the same rates as 30 yr loan and rates don't go down enough. I don't think having this option is harmful, so outrage about it being a horrible thing isn't something I understand.
Chances are not good that you can afford renovation or rebuilding if you had to take out a 50 year loan in order to afford the place in the first place. You won't have significant equity in the house for many, many years.
Anonymous
11/14/2025 19:07
Subject: Whats wrong with a 50 year mortgage?
You’re basically a renter to the bank. The bank is your landlord and they won’t fix anything for you like an apartment would.
Anonymous
11/14/2025 19:04
Subject: Whats wrong with a 50 year mortgage?
Anonymous wrote:It's basically renting a place.
Nobody owns anything since government can take it away from you if you don't pay the extortion fees (property taxes)
Anonymous
11/14/2025 18:43
Subject: Whats wrong with a 50 year mortgage?
I think it makes sense if you can control for it not just causing everything to increase in price (due to increased affordability).
So maybe limiting it to people with up to 150% of the median income or something.
Otherwise people (including myself) will just use the 50 year mortgages to lower our monthly payments and invest more in the stock market each month which just increases the wealth gap.
So maybe limiting it to people with up to 150% of the median income or something.
Otherwise people (including myself) will just use the 50 year mortgages to lower our monthly payments and invest more in the stock market each month which just increases the wealth gap.
Anonymous
11/14/2025 18:22
Subject: Whats wrong with a 50 year mortgage?
Anonymous wrote:It's basically renting a place.
It's not. You still can do what you want with the property, including renovation or rebuild, which you obv can't with a rental, plus your payment is fixed and no LL can raise your rent to tell you to move out if they have other plans for the property. And you can borrow against whatever equity you put in.. You can prepay or pay it off early if you get higher income and upwardly mobile.
It's really a choice. I understand there is an outrage when it's sold to people as something that's supposed to be making housing affordable. It's not really making it affordable as it provides very little discount if it has the same rates as 30 yr loan and rates don't go down enough. I don't think having this option is harmful, so outrage about it being a horrible thing isn't something I understand.
Anonymous
11/14/2025 18:12
Subject: Whats wrong with a 50 year mortgage?
Anonymous wrote:I mean lower monthly costs, you still can refinance or pre pay.
But if job loss or starting out lowers payments nice.
Back when we had 2.75 percent mortgages locking in 50 years would be great!
To make payments affordable they do need to lower the rates, not just increase amortization term. The discount people get on 50 yr mtg isn't significant enough to get people into homes if this is the goal. If you cannot afford 5K payment you likely cannot afford 4700 payment either. The only thing that truly make a big diff is the rate.
Anonymous
11/14/2025 17:46
Subject: Re:Whats wrong with a 50 year mortgage?
Anonymous wrote:
You don’t build any equity. If you’re cool with an interest-only mortgage then good for you.
And home ownership had been a way for people with middle class incomes to build wealth. Can't have that.
It will mean that the government is on the hook for paying more in Medicaid for nursing home care because nobody has their house as a piggy bank anymore. The average net worth of a person will fall dramatically. But yes, banks will win big.
Anonymous
11/14/2025 16:52
Subject: Re:Whats wrong with a 50 year mortgage?
Anonymous wrote:Why not a 100-year loan? Or how about a 1000-year loan?
They are not as common, but you can take out an interest only mortgage or a mortgage with a balloon payment.
Anonymous
11/14/2025 16:12
Subject: Whats wrong with a 50 year mortgage?
Anonymous wrote:You don’t build any equity. If you’re cool with an interest-only mortgage then good for you.
And home ownership had been a way for people with middle class incomes to build wealth. Can't have that.