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The O' Club / Re: A 50 year mortgage..
« Last post by CptTrips on Today at 10:31:20 AM »How you you like to be chained upside down to a 50yr mortgage at a high rate (the longer the loan the higher the risk for the bank) and watch you house price drop in half?
You've had a completely unhistorical rise in home prices the last 15 years do to wild money printing. Historically home prices didn't increase much more above inflation. The last 15 years has been a historic anomaly.
I think that age is ending. Housing will now begin to revert to realistic prices. Return to the mean.
If you've run the numbers and there is some unusual circumstance why a 50yr would end up beneficial, then via con dios. But the 99.8% case is people buying 50yr mtg will be the same people who finance their lifestyle on CC debt.
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