Even conservatives understand this is an absolutely terrible idea that doesn’t address affordability at all.
50 year mortgages are a terrible idea.
1.) Stretching loan payments will result in higher interests rates.
2.) Equity will build a lot slower resulting in even less flexibility.
3.) If someone in their 30s goes this route, they’ll potentially be paying for their house until their 80s, seriously, just think about how unrealistic that is.
We should be focusing on supply, not adding an extra 20 years to mortgages. We need to build more houses, cut unnecessary red tape, and speed up the permitting process. We need lower interests rates, we could also consider increasing tax credits and down payment assistant programs. These are all better ideas that would lead to more affordable housing than 50 year mortgages.