I don't see an issue with a 50-year. Why not have a choice? Weve seen car rates go up to 84 months. 30 year have been standard for a long time. You can't expect people even 3 years out of college to afford a 300k house on 1990 wages. The market crashing to reduce cost isnt a good thing. A 50 month helps everyone and can still be paid off and refinanced and owned. You'd see a mad rush to buy homes. A booming real estate market. Right now people are forced to rent which means they aren't gaining equity. Raising the interest rates may drop prices a bit but it doesn't really expand the economy, it just pays off our trillionaire hidden families who own the Fed. Cool...our dollar "losing value" is all a manipulation, but many countries are just selling and buying gold, hence the price. I think many are moving to a gold standard. The only way for America to continue to be the most powerful country on the planet is to allow more Americans to invest in homes and not demean economic growth by offsetting it on interest rates, which as we just saw the last 4 years, hurts more people than it helps.
