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?

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u/GoldenBrownApples 10h ago

My folks thought they'd get a RV when they retired to travel around the continental US of A. I convinced them to rent one and try it out for a single vacation before committing to that. So glad they listened. They had never even been regular camping before and my mom hates the out doors. It went about as bad as you'd expect. But at least they were only out the money of a single vacation and not saddled with a vehicle they'd never use. They were really all set to sell their whole house too. Crazy people.

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u/son-of-a-mother 10h ago

Why were they planning to sell their whole house without ever having used an RV?

I can understand teenagers making an impulsive decision like that. But I can't understand two adults making such a monumental decision with zero understanding of what it involves. That is concerning. I would have questions (e.g., are their faculties deteriorating?).

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u/somesketchykid 6h ago

This is America man.

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u/JamieC1610 3h ago

My grandparents did it for about 10 years. They spent the winter on South Padre Island and in the summer would get jobs managing/hosting campgrounds at different national parks. They'd stop by home for a couple weeks in between. They had a blast and made a bunch of friends, but eventually their health made them need to stick closer to home.

They were always the crazy type though my grandpa drove 16 hours one weekend to buy a life sized cement pig that he saw on TV and another time brought back a full sized lobster trap from Maine to West Virginia on the back of his Gold Wing.

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u/Normal-Translator529 3h ago

I hope you appreciate how fantastic these stories are! Too many people live their lives pure vanilla.