He is in a senior position in an investment role at a big company Context: https://fortune.com/2025/11/09/housing-market-30-year-mortgage-trump-pulte-fhfa-50-year-option-home-affordability/I thought it would be laughed off outright, but it’s somewhat crazy to me that some are considering it
>>521024594im so fucking happy i bought during covid. you're never gonna see 3% on a 30 year again.
>>521025067Glad it worked out, things are getting nuts out there and aren’t stopping
>>521024594>50 years>during which time, even a minor setback could cause you to lose your house >I don't see what could go wrongName a person you know that managed to go fifty continuous years without anything going wrong. You're one medical emergency, one divorce, one unforeseen circumstance away from disaster
>>521024594No they haven’t. 50 year mortgages haven’t permeated the cultural milieu.
>>521027212it got announced yesterday afternoon, today is Sunday, who tf is working in investments on a Sunday
It's funny how the absolute fucking retards at reddit don't understand that you can sell it at anytime and by another house somewhere else, It's called "Moving".
>>521026949The best bet has always been to get a 30 year mortgage and pay it off early. 50 year mortgages lower monthly payments by about 10% but increase total interest by about 300%. About 75% of borrowers pay off their 30 year loans early. The idea is to keep monthly payments low if need be, such as during financial struggles, but manageable otherwise. 50 year mortgages and no credit score loans will cause the housing market to collapse.
>>521024594>My dad works at Nintendo.Dideverybodyonthebusstarttoclap?
It should be illegal to even offer a mortgage that lasts longer than 10 years
>>521027314Group chats and shit, we were talking about it today
>>521028046Is it that unbelievable? BasedI know people that are crazy rich that you would probably think are fictional then
>>521024594>be a slave to a bank>become even more of one
>>521024594Knock off 1/4 for every white kid like real Hitler you drooling orange kike
>>521028534Who talks in the company group chat on weekends? Even after hours it is distasteful to talk in group chat unless a bad storm comes through.
Why not 70 year mortgage while you're at it? Just keep going you retarded niggers!
>>521027766>The best bet has always been to get a 30 year mortgage and pay it off earlyThat's just stupid with the kike money printing going on
>>521028534No you weren't and if you were you really need to have better boundaries
>>521029548Brown nosers lol
>>521029739I personally didn’t, but that should be obvious if you actually read the op My dad never wanted me to work in that industry
>>521026949Name one person under the age of 60 with the intent of buying a house to live in it for 10, let alone 30 yearsMuch better to offer a deferred principal loan and pay interest only for 10 years with the current housing market
>>521024594>>521025067The 50 year mortgage is not expected to actually be paid for 50 years, you are expected to sell in the future and get positive equity and pay off the mortgage when you move.50 year mortgage also swings low even more when interest rates get lower, but I'm not sure lenders will take the risk and give out low interest 50 year loans, there will probably be a price premium for such long mortgages.Unfortunately, the end result is that this will raise home prices, people only care about monthly mortgage payments, this allows people to have more principle on their mortgage.
