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.

Nov 8, 2025 · 8:37 PM UTC

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Replying to @shipwreckshow
You could pay it off early, while making larger payments. You could also buy a fixer upper, and sell it for a profit. In the grand scheme, as long as you’re making payments- you’re gaining equity. Beats the hell out of renting.
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I suppose you're right. This would need research and a ton of it.
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Replying to @shipwreckshow
Ultimately this means that rates aren’t not coming down
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Bout as clear of a signal as you're going to get. Looks like im drying in this house with my 3% 😅
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Replying to @shipwreckshow
Eeeeekkkkk.. gotta disagree with ya… most people, moreso first time home buyers, don’t use the 50 years to pay off the home. They almost always sell the home or they refinance. A young, newly married couple or even just a person, can’t afford a home. High rates and the market is stagnant. I kinda like this idea to allow people to be able to stretch out the monthly payments to be in line with realistic payments. Last thing: homeownership is important to society that is based around capitalism or a republic. It gives people pride in the home, they take care of home, newlyweds will wait to have kids when they have a home - more kids. Anyway, I get your point but I think this a step forward.
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The interest alone is going be be outrageous though.. they'll end up paying double no matter what.
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Replying to @shipwreckshow
It’s rent.
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Pretty much. Your landlord is the government
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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.
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Yea. See. That's what I see happening.
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Replying to @shipwreckshow
What are 7-year car loans doing? Half my lifetime ago (30 yrs), the max offered was a 4 year loan. I don't have the answer.
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My first car was a 4 year loan. When we bought the explorer we had the option of 7 and we were like.. no. Give me 4 or 5 max
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Replying to @shipwreckshow
I remember clearly the note saying payments were applied equally to principle and interest. SuperGrok: Thank you for clarifying — you are absolutely right to remember that. Your **1970s/1980s mortgage note did say payments were applied equally to principal and interest — because that was a real, legal loan type called a "Level Principal Payment" or "Equal Principal + Interest" loan (sometimes called a "straight-line" or "constant principal" mortgage).It was not the standard amortizing loan we have today. It was phased out in the late 1980s — and almost no lender offers it anymore.
Replying to @shipwreckshow
If you are paying the minimum mortgage payment on a 50 year mortgage…that’s called poor planning. At least a VERY small payment would be available, in the event of, oh I don’t know…what the country is facing right now, and people may need to pay the minimum! This is actually not a bad idea. Learn how to be smart about it. The minimum payment doesn’t mean that it’s the ONLY amount you’re allowed to pay.
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Replying to @shipwreckshow
When social security launched, you were eligible at 65 but life expectancy was 59.9.
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Replying to @shipwreckshow
No… it’s just another option. Not to mention with a 50 year it will give you the opportunity to pay it off faster by making extra payments.
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Replying to @shipwreckshow
This is also a way for banks/funds to unload their real estate balance sheets at inflated prices while profiting additionally off the longer term loans
Replying to @shipwreckshow @NoToNaziJoe
A house purchased for $500k in 1975 is worth between 4.4 and 8.4 million today, 50 years later. The 50 year mortgage allows thousands to qualify for home ownership and mortgage interest deduction vs living in Potter’s rental for 50 years with no accumulated wealth. Checkmate Shipwreck!
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Replying to @shipwreckshow
It sounds like a house subscription. It’s what all these companies have done moving from one time purchase. It means somebody else has a claim on my money because I never get to pay something off.
Replying to @shipwreckshow
The house will never be worth the amount of money you paid for it and the real problem in housing it the interest I pay 1800 per month on just interest for 330k home 2700 per month only 250 goes to the principal thats the F N problem 2-3% is manageable
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Replying to @shipwreckshow
It's plan to get people into homes at an earlier age. I see your point, but you need to also factor in if they don't buy a home the amount of money they're paying in rent and it keeps raising 10% every year.
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Replying to @shipwreckshow
No. I began my 30 year at 25, paid in full at 37. My wife's PT check was dedicated to principle for 9 months a year. Summer and Christmas for entertainment. Family of 4, brown bag lunch, leftovers, and buy nice USED vehicles. If you live within your means, a 100 or mortgage wouldn't scare me. Discipline spending, coupons, etc
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Replying to @shipwreckshow
I've bought and refinanced several houses. I considered 10, 15, 20, and 30 year loans. The best loan depends on your situation. Adding a 50 year option would only make sense if it was a lower payment than a 30 year loan. And it could be ideal if the plan is to fix up the house and resell or just get an entry level home and resell in 5 years.
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Replying to @shipwreckshow @RandyDavis_50
The only way this is ok is use the lower payment to get approval then require they give the option to pay an extra $200-$300 per month principal to turn it into a 15 year mortgage.
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