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Started By
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re: Coming to a McMansion near you...the 50 year mortgage
Posted on 11/8/25 at 5:21 pm to GeauxTigers123
Posted on 11/8/25 at 5:21 pm to GeauxTigers123
quote:
better off just to rent his house always?
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Posted on 11/8/25 at 5:24 pm to stout
Help me with the math. Does the amortization schedule stretch out to 50? So less interest as it’s paid out longer or more interest as you’re paying longer?
How does this help the consumer?
How does this help the consumer?
This post was edited on 11/8/25 at 5:25 pm
Posted on 11/8/25 at 5:33 pm to stout
Dealing with a landlord you never really have peace of mind. Will be subject to some bullshite at some point.
Would go back in time to tell myself to buy a functional house as soon as you can possibly get approved for a mortgage.
Not buying a house cost you money long term.
Go back in time and tell yourself to buy a house, anywhere, as early as you could, and if you kept the house until now, how would that change your life financially in 2025.
Not buying a house as early as practically possible is a mistake. Good advice 30-years ago and probably good advice now.
Would go back in time to tell myself to buy a functional house as soon as you can possibly get approved for a mortgage.
Not buying a house cost you money long term.
Go back in time and tell yourself to buy a house, anywhere, as early as you could, and if you kept the house until now, how would that change your life financially in 2025.
Not buying a house as early as practically possible is a mistake. Good advice 30-years ago and probably good advice now.
Posted on 11/8/25 at 5:42 pm to stout
Terrible idea.
Posted on 11/8/25 at 6:12 pm to NewIberiaHaircut
quote:
Terrible idea.
True but people are stupid and make bad choices. Most are just worried about the “monthly”. Horrible short term thinking.
Posted on 11/8/25 at 6:17 pm to BabyTac
quote:
Paid cash for mine.
Probably made your mom take the wheels off of it too.
Posted on 11/8/25 at 6:19 pm to boosiebadazz
quote:
Help me with the math. Does the amortization schedule stretch out to 50? So less interest as it’s paid out longer or more interest as you’re paying longer?
Depends what your goal is. Amortization is done over 50 years, so more interest payments and probably a higher rate. Good for the consumer wrt to affordability, bad for the consumer wrt building wealth (i.e. equity in the home).
Posted on 11/8/25 at 6:32 pm to stout
Won't this just spur more price inflation?
Posted on 11/8/25 at 6:40 pm to DiamondDog
Wrong, it is a 25 year note on bass boat, RV and student loans.
Posted on 11/8/25 at 6:48 pm to stout
Well they have 20 year boat mortgages now
Posted on 11/8/25 at 7:01 pm to stout
An easier way for the DEEP STATE BANKING CARTEL to make even more $$money on our backs thru interest on “Invisible FIAT MONEY” lending
On an unconstitutional banking and lending system.
Lend us money and earn interest on money that doesn’t exist is added to the national debt in the event of “default aka 2008” that they purposely created. Create the problem, Print their way out of it at our expense.
For every single $1Dollar held at an FDIC guaranteed bank, they lend out $10-$11, maybe even more these days, I’m not sure?
And they have NO RISK, only to be rewarded when massive defaults happen & Goldman Sachs, JP MORGAN, Wells Fargo etc.. get their golden parachutes.
Even though I’m a Trump supporter, he’s bought and paid for by the Israeli lobby who represents the owners of the FEDERAL RESERVE.
Until he abolishes THE FED & IRS, nothing will happen other than stupid ideas like this.
If they want to offer 50-year loans, just do it, but don’t act like this is some genius idea or some win for the American public.
Yippy, we have a lower monthly payment by $2400 savings on the year, but we pay another couple hundred thousand $$ for our home over time.
On an unconstitutional banking and lending system.
Lend us money and earn interest on money that doesn’t exist is added to the national debt in the event of “default aka 2008” that they purposely created. Create the problem, Print their way out of it at our expense.
For every single $1Dollar held at an FDIC guaranteed bank, they lend out $10-$11, maybe even more these days, I’m not sure?
And they have NO RISK, only to be rewarded when massive defaults happen & Goldman Sachs, JP MORGAN, Wells Fargo etc.. get their golden parachutes.
Even though I’m a Trump supporter, he’s bought and paid for by the Israeli lobby who represents the owners of the FEDERAL RESERVE.
Until he abolishes THE FED & IRS, nothing will happen other than stupid ideas like this.
If they want to offer 50-year loans, just do it, but don’t act like this is some genius idea or some win for the American public.
Yippy, we have a lower monthly payment by $2400 savings on the year, but we pay another couple hundred thousand $$ for our home over time.
Posted on 11/8/25 at 7:02 pm to boosiebadazz
quote:
How does this help the consumer?
It doesn’t. The interest rate would have to be well north of 10% for this to make any sense to a lender.
Posted on 11/8/25 at 7:03 pm to stout
The common mortgage is 100 years in San Francisco and Los Angeles
Posted on 11/8/25 at 7:11 pm to stout
I guess this is the backdoor way to rent everything and own nothing. You rent it from the bank and “feel” like you own it.
Might as well. Very few people own their house outright these days anyway.
Might as well. Very few people own their house outright these days anyway.
Posted on 11/8/25 at 7:13 pm to stout
Date the rate, marry the house…
Posted on 11/8/25 at 7:22 pm to HoustonGumbeauxGuy
quote:
The house that’s $300,000 at 2.9% APR over 50 years
Would gladly take a 50 year mortgage at 2.9%. That’s favorable leverage. No warm and fuzzies from a paid off house. I’d rather the investment account flourish.
Posted on 11/8/25 at 7:24 pm to Free888
quote:
Depends what your goal is. Amortization is done over 50 years, so more interest payments and probably a higher rate. Good for the consumer wrt to affordability, bad for the consumer wrt building wealth (i.e. equity in the home).
It’s excellent for wealth creation if you are able to use the leverage to invest instead of having your wealth tied to home equity.
Posted on 11/8/25 at 7:24 pm to stout
That's fricking nuts. I don't think I'd claim this idea.
Posted on 11/8/25 at 7:33 pm to stout
That guy makes some crucial assumptions, like how rent will go up 10% every year
Also, with how long it would take you to touch principal, isn't his idea about refinancing pretty bad/speculative, and likely based in conceptualizing 15/30 year mortgages?
This just seems like a way to get only slightly lower payments per month, while effectively renting for up to 20-ish years, while taking on all the risk of the house depreciating and all the costs of maintenance
Also, with how long it would take you to touch principal, isn't his idea about refinancing pretty bad/speculative, and likely based in conceptualizing 15/30 year mortgages?
This just seems like a way to get only slightly lower payments per month, while effectively renting for up to 20-ish years, while taking on all the risk of the house depreciating and all the costs of maintenance
Posted on 11/8/25 at 7:42 pm to BabyTac
quote:
Paid cash for mine.
1 BR trailers are cheap.
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