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2 members have recommended this reply (displayed in chronological order):

Just to be sure hardly anyone will ever be able to pay it off. Ocelot II Saturday #1
And if they do, the banks will get about double the interest. highplainsdem Saturday #4
That sounds like what we call "rent" HAB911 Saturday #2
Yep, with property taxes! leftstreet Saturday #7
Imagine the interest paid over time on a 50 year mortgage. Raftergirl Saturday #3
I'm glad I paid off my house this year. kimbutgar Saturday #5
No one will ever own their home again. sinkingfeeling Saturday #6
Exactly! Not a single one of the 330 million plus PoindexterOglethorpe Saturday #8
That's hilarious as, in many parts of the country, housing is unaffordable sakabatou Saturday #9
That's the point edhopper Saturday #17
So I guess you would have to buy that first house at 15 The Madcap Saturday #10
Like reverse mortgages, 50 year mortgages are not something I'd do if I could avoid it. But others might. Silent Type Saturday #11
Yeah, Pulte Builders was thrown out of Michigan many years ago. louis-t Saturday #12
Canada briefly tried 40 year mortgages under Stephen Harper Fiendish Thingy Saturday #13
Yes, that worked really well for car loans . . . hatrack Saturday #14
The numbers bottomofthehill Saturday #15
Additionally the numbers bottomofthehill Saturday #16
It'll be so much easier for a default to happen during 5 decades Ilsa Saturday #18
It's like renting a home but you have to do all the maintenance and upkeep yourself NickB79 Saturday #19
Sold real estate for most of my 20's... WarGamer Saturday #20
Rentier capitalism Prairie Gates Saturday #21
A 50-year mortgage isn't rentier capitalism -- it's financial leverage. Abolishinist Sunday #22
This is another stupid trump idea LetMyPeopleVote Monday #23
Latest Discussions»General Discussion»Trump and his cronies are...»Reply #9