Or maybe the real solution is to: 1. remove commission from home sales, and it becomes based on number of homes sold not by how much it’s sold for. 2. Then reduce interest rates 3. limit length of mortgages 4. Get a 100% tax break on insurance and force insurance price to maintain during the length of ownership despite rising housing prices 5. Limit property tax increase to none after purchase or transfer of home 6. Make PMI illegal

A fifty year mortgage raises the cost of a home. It doesn't lower it. Math is hard.

Maybe for you

I guess having 50 years as an option isn't bad but it shouldn't be the go to answer.

it sounds like a bandage to a gunshot to me but i don't have a better solution either

It sure does but again what other option is there?

It’s still renting in a sense…. just from the bank instead of a landlord. The difference is, you’re building equity that can actually work for you. ??

Ill wait for the 100 year option

Why not jusy take a 200 year mortgage and do like the government. Make your debt generational, and the responsibility of your children.

What is your suggestion to fix things? I hear a whole lot of complaining without any solutions

Not sure how to lower home cost in 2025? How about eliminating tax incentives on single family homes for investors? Only allow the tax break on your permanent residence. This would drastically lower the cost of homes.

Problem is that less of each monthly payment will go to principle with a 50 yr. mortgage, which makes it harder to pay off the mortgage early.

They are gaslighting us into 7-8% loans forever instead of 2-3%. You can invest the difference between the higher/lower payment & try to beat the market, BUT when they print more money, and they will, the value of your savings vanishes. It's theft. Plain and simple. #fixthemoney

Lowering the interest rates will be a good start

That will help too but even with a lower interest rate, it’s not bringing the cost of these houses down nor impacting insurance

it doesn't solve the problem, it makes it acceptable and perpetuates it

50 year mortgages would raise the price of homes. Want to lower the prices of homes? Mandate that you can only have 15 year mortgages, at max length. Shorter is fine, of course . . . [Factual]

No one can afford a 15 year mortgage

The economic cycle typically works. Raise rates, cause a recession, people lose their jobs, foreclosures occur, less demand for housing.