> most people don't keep the original loan all the way to term.
Supposedly 10-12 years. On a 50yr mortgage, people won't be able to pay the principal far enough down to have any equity to make a shift. They will have no exit.
> As long as there is no prepayment penalty on this or variable interest I don't have a problem with it.
The market will increase costs to absorb any (very small) monthly payment savings when compared to a 30yr.
> The saying is date the rate for a reason.
People are too broke to 'date the rate'. Most can't even afford the down payment.
> People can refinance out of the 50 yr term when they can afford it.
The general public is over-extended and broke. A 50yr term does nothing but crushes them further. Life will become even more unaffordable for people who can't do simple math.
Quentel
npub1w6…cfg5w
2025-11-10 19:37:53 UTC
in reply to nevent1q…tw9f
Author Public Key
npub1w6436t9t6rq3zxr3faxtapfgmvtj839v4pnfpfywxhyk8p7npwnq3cfg5wSeen on
wss://relay.mostr.pubPublished at
2025-11-10 19:37:53 UTCEvent JSON
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