this post was submitted on 11 Nov 2025
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Economics
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I'm agreeing with what you shared. Many articles on this topic instead provided monthly savings assuming rates would not change for a 50 year term.
You actually bring up a good point. Would banks be willing to even do 50-year fixed rates? You know they’re seething with the number of people that locked in <3% fixed rates a few years ago. Wonder if they’d force something like a 20/30 ARM.
Over 50 years? They’d love to do a fixed rate. Hell, a low fixed rate.
The average first time homebuyer age is 40 now.
Most people will die before they pay off a 50 year mortgage. They will suck us dry with the interest and just when we start to make meaningful principal reductions we die; the estate defaults, the bank foreclosed and they “rent” the property to the next sucker, starting from an even higher valuation.
Owning your own home is no longer owning with this plan. It’s renting with extra steps and cost.