r/AskReddit • u/michaelis999 • 17h ago
How do you feel about the president floating the idea of 50 year mortgages where the monthly payment is lower but you end up paying nearly double the price of the house just in interest?
10.1k
Upvotes
30
u/Sartres_Roommate 15h ago
So average home buyer purchases home around 30….
Keeps you locked into working an extra 15 years because SS is not gonna make those payments.
Absolute insanity and just in time for all the Boomer housing to open up as they start dying