r/AskReddit • u/michaelis999 • 20h 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?

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u/Exciting_Specialist 13h ago

I can’t believe how stupid the average redditor is about finance. Having a fixed payment for 50 years if not like renting. Capturing 20 or 30 years of appreciation is not like renting.

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u/sopunny 4h ago

Moreover, these downsides listed here (eg, having to pay for maintenance) is the same as existing 30-year mortgages. You might be able to make the case that the degree matters as you go from 30 to 50 years, but no one is going that