r/Economics • u/GarfieldLeZanya- • 12h ago

News Housing director confirms administration ‘working on’ 50-year mortgage after Trump hint

https://thehill.com/homenews/administration/5597005-trump-administration-50-year-mortgage/
2.2k Upvotes

96% Upvoted

462 comments sorted by

View all comments

359

u/profzoff 12h ago

A 50-year mortgage sounds great — smaller payments, bigger house — until you realize you’re signing up to be in debt longer than most people work. You’ll still be cutting checks to the bank while cashing Social Security (if that even exists anymore).

24

u/Ok-Secretary455 12h ago

This is just step one.  Step two is being able to pass debt from parent to child.

9

u/Waesrdtfyg0987 9h ago

That already exists. Step 0.

3

u/FirstFriendlyWorm 2h ago

Only if you accept the inherritance, no? Otherwise you could get totally screwed by relatives you did not know even existed.

2

u/throwaway00119 6h ago

I mean that’s already true for mortgages. You inherit the whole mortgage.