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(9,312 posts)

15. The numbers

Sat Nov 8, 2025, 06:18 PM

Nov 8

On a 300,000 loan
30 years you would pay roughly 360,000 in interest
On 50 years, you would pay back about 680,000

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Trump and his cronies are now pushing 50-year mortgages. [View all] highplainsdem Nov 8 OP

Just to be sure hardly anyone will ever be able to pay it off. Ocelot II Nov 8 #1

And if they do, the banks will get about double the interest. highplainsdem Nov 8 #4

That sounds like what we call "rent" HAB911 Nov 8 #2

Yep, with property taxes! leftstreet Nov 8 #7

Imagine the interest paid over time on a 50 year mortgage. Raftergirl Nov 8 #3

I'm glad I paid off my house this year. kimbutgar Nov 8 #5

No one will ever own their home again. sinkingfeeling Nov 8 #6

Exactly! Not a single one of the 330 million plus PoindexterOglethorpe Nov 8 #8

That's the point edhopper Nov 8 #17

So I guess you would have to buy that first house at 15 The Madcap Nov 8 #10

Yeah, Pulte Builders was thrown out of Michigan many years ago. louis-t Nov 8 #12

Canada briefly tried 40 year mortgages under Stephen Harper Fiendish Thingy Nov 8 #13

Yes, that worked really well for car loans . . . hatrack Nov 8 #14

The numbers bottomofthehill Nov 8 #15

Additionally the numbers bottomofthehill Nov 8 #16

Sold real estate for most of my 20's... WarGamer Nov 8 #20

Rentier capitalism Prairie Gates Nov 8 #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