Here are the 15, 30, and 50 year amortization tables for a $500k 6.5% loan. If you take the 50 year loan at age 30, by the time you turn 50, you will still owe $447,235 after paying 632,749 in usury. This is literal indentured servitude. Oh, & they own the house until you're done
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Replying to @treblewoe
Ummm, but you still have the option to pay it down in 30 years of you want, right? Or even 15 yrs? So, what you're saying is you don't want people to have the option because then they'll pay a lower amount each month and won't pay the mortgage down. Why is more options a bad thing?

Nov 9, 2025 路 1:54 PM UTC

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Replying to @diggity1234 @treblewoe
The problem is that the net amount paid is far far far in excess of what the actual loan is, unless you already have excessive wealth in the first place so that you don't even need the loan in the first place.
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Well yeah, you have to pay an interest rate on any loan. If you're against loans, that's fine, but arguing that 50 yrs is worse than 30 yrs is nonsensical.
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Replying to @diggity1234 @treblewoe
This guy gets it. These others are virtue-signallers pretending to care about others' financial issues
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