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re: Coming to a McMansion near you...the 50 year mortgage
Posted on 11/9/25 at 9:36 am to ATrillionaire
Posted on 11/9/25 at 9:36 am to ATrillionaire
quote:
Please no. Americans are dumb AF. Only thing we thrive at is managing intelligent foreigners.
H1Bs are supposed to fill “skill gaps” in IT. Quick question: how many years have you actually spent in IT?
:crickets:
This post was edited on 11/9/25 at 10:17 am
1
Posted on 11/9/25 at 11:28 am to Klark Kent
50 year mortgage. I believe there is already, and has been for decades, a 40 year loan product on the market. I remember it from my mortgage lending days 15 years ago. Nobody used it. The payment difference was not enough to justify paying an extra 10 years of interest.
If anything we should be going in the opposite direction and 20 year loans should be the industry standard.
If anything we should be going in the opposite direction and 20 year loans should be the industry standard.
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