Nice, you just buy a house when you’re 10 years old and you’re good to go
this post was submitted on 09 Nov 2025
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Or, raise the retirement age to 75
Awesome thing to do in a country where life expectancy has been falling year after year and is currently 78.4 years
Enjoy those 3.4 golden years
How many 25 year olds are out here buying houses
Average age for first time home buyer is 40 now, I believe.
I just assume that I’ll either die as a casualty in the worlds dumbest war, or in a workplace accident once the idiots in charge fully dismantle the federal government and my boss no longer needs to listen to osha.
Or the Fedbois come for my family.
Retirement seems kinda like a pipe dream.
The 30 year mortgage was a mistake now 50? Lol so most home buyers won't start paying down the principle of the loan until 35 years into the mortgage?! Banks are so turned on by this idea. Even more so with American having a massive economic downturn every 5 years.
I also worry home prices will jump to eat up any monthly cost differences, too. Like okay your 50 year mortgage is $100 less a month but we increased the price of the house by $50000 so unless you're already a homeowner (and plan on renting next) then you'll be further priced out of the market.
That's the whole point. This doesn't affect institutional purchasers because they pay cash most of the time. It ONLY hurts individuals.
Can they stop being so ridiculous that this woman has a chance to make sense? God,at the beginning of a 30 year mortgage, you are already paying mostly interest. Cut some of the principal off and now you are paying a couple hundred bucks less at most. Will they offer lower interest rates or will they jack up 30 year interest rates?
This is Trump we're talking about here. He will make this as self-serving as possible if it should even come to fruition. It will also be the absolute worst deal for anyone gullible enough to get on board. Think about these 10-year car loans and the like...people are taking them.
Do we even expect a modern house to still be intact in 50 years? Hell, can anyone expect to survive 50 more years the way things are going? Shit, maybe i will get in on this after all, lol
Interest should be illegal
The end result of this is everyone buys homes and cars in cash or they just invent something that is interest without calling it interest. They have that for certain religions who have a faith-based objection to interest. It seems dumb to me, but apparently structuring it with the interest rolled into the principal and called something else makes god happy.
To add to this: Christianity was one of those religions and it's the major reason why there are so many Jewish bankers. Jewish families were well-established in the industry long before Christians figured out there was money to be made in banking and loosened the rules
Dumbest idea in here.
Why is that?
At the current prime rate of 7%, changing a loan from 30 years to 50 would reduce payments by less than 10%. Just a terrible idea.
Shit, even at historic lows of 3% interest it only drops the monthly payment by about 25%, but increases the total cost of the loan by 80%.
Its absolutely a terrible idea.
Average first time home buyer age is over 40 atm. So, banks guns go fer that?
Yeah its basically free money. Someone pays rent and they take the house for resale when they die or cant pay.
We live in a coast-to-coast slave plantation.
The con of extended loans is so well known. 🫠
The Federal Housing Finance Agency (FHFA), led by director Bill Pulte, confirmed that United States President Donald Trump's administration is actively working on a proposal to offer home buyers mortgages with repayment terms of up to 50 years. Pulte described the plan as 'a complete game changer' in a post on X.
Shoddy McMansion wealth hoarder nepobaby says what?
Why stop at 50? Let's start multi-generation mortgages. You can pass down your debt to your loves ones for them to remember you by
The law of unintended consequences says that this will just result in more douchebags buying $3 mil houses because they can "afford the payments" and plan on dying before they ever fully pay it off.