50-year mortgages

50-year mortgages have remarkably predictable effects on the housing market. In the short term, this may open the market for someone who just barely does not qualify. Soon after, we will see even more price inflation, making home ownership more out-of-reach than ever for young people. To make matters worse, to will likely double the amount paid in interest over the life of the loan.

The good news is that it seems nobody is in favor of this plan. #canceltheculturewar #middleroadsanity #50yearmortgage #financialliteracy #homeownership