A 50 year mortgage..

[Meatwad]

Next will be a 15 year loan on automobiles. Keep paying until the car is traded/lost its value/wrecked, and then get another one for a 15 year loan. Win win for the banks as you will pay in all that interest that goes in their pockets

[Captain Virgil Hilts]

With $120K vehicles now becoming common place, there might be longer loans. The lease is the go to method today. Or, as Dave Ramsey calls it, the fleece.

You can get what amounts to a mortgage on the massive RV's. We had a Freightliner Columbia chassis with a 30' living area box on it, when we were racing 20 events a year. It was over $400K in 2010, and had what amounted to a mortgage on it. It made sense because two hotel rooms for 3-5 nights for every race, plus meals, was more than the payment on the toterhome.

Hell, even if I were to get an allowance made available for a vehicle lease, I doubt I'd do it. There's still imputed income that is taxed.

[AKIron]

You gain equity as the value increases. After 10 years on a 50 year mortgage you may have paid little on the principal but if the value of that house goes up, like it has almost continuously in our lifetimes, that's equity. I'm not advocating 50 year mortgages. I want low interest rates to make payments on 30 year mortgages more affordable.

[CptTrips]

You gain equity as the value increases. After 10 years on a 50 year mortgage you may have paid little on the principal but if the value of that house goes up, like it has almost continuously in our lifetimes, that's equity. I'm not advocating 50 year mortgages. I want low interest rates to make payments on 30 year mortgages more affordable.

If you think your house if going to appreciate in the next 10 years like it did in the last 10 years, I think you are mistaken.

We've hit the peak valuation.  Not enough Zoomers want big houses to raise big families.  Housing markets across the country are starting to crumble. 

For the next 10 years I'd be surprised to see home values appreciate more than inflation except in particular cases. 

In that case, no, you would not be build REAL equity.  At best holding your own against inflation.

[AKIron]

If you think your house if going to appreciate in the next 10 years like it did in the last 10 years, I think you are mistaken.

We've hit the peak valuation.  Not enough Zoomers want big houses to raise big families.  Housing markets across the country are starting to crumble. 

For the next 10 years I'd be surprised to see home values appreciate more than inflation except in particular cases.

It depends of course. Some areas will depreciate, some will appreciate. Where I live right now is growing and will continue to do so for years to come. Areas in demand will appreciate. Especially since when they are relatively cheap like here and other parts of Texas.