50 year mortgage means you'll pay 2 to 3 times the interest rate and be in debt for more than half your life. I can't help to think this is tied to Rand Paul's new idea of raising the retirement age. This is not the answer.
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Replying to @shipwreckshow
They'll just raise all the housing prices to whatever they think people can afford anyway. Oh, it's a 50-year thing? Oh, cool. Well, then here's your $2,000 a month payment. Or 4000 or 6000.

Nov 8, 2025 · 9:14 PM UTC

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Replying to @QuakerPepe
Yea. See. That's what I see happening.
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Replying to @QuakerPepe @shipwreckshow
Came here to say the same! They'll insure that a payment on a 60 year mortgage is high enough that nobody will be able to over pay
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Replying to @QuakerPepe @shipwreckshow
The amount on the house does not change due to your mortgage structure. The bank already makes a ton off you
Replying to @QuakerPepe @shipwreckshow
Kinda like car loans now, 96 months? “Oh, cars are overpriced now, we’ll just make the loan longer so you can almost afford it” You’re upside down as soon as you drive off the lot!
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Replying to @QuakerPepe @shipwreckshow
Nonsense..
Replying to @QuakerPepe @shipwreckshow
I think this might be the biggest problem because you can always pay off your loan sooner to minimize the interest, but if the price goes up🤷‍♀️
Replying to @QuakerPepe @shipwreckshow
That’s not how supply and demand works sweet cheeks
Replying to @QuakerPepe @shipwreckshow
Who is they? The market decides. Will lower monthly payments (50 year amortization v 30) increase demand because more people will be able to buy more house? Sure. But you can’t cry home ability crisis then cry when they find a way to help people buy more expensive homes.
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