Is this an actual thing in the us? We don’t have 50 year mortgages in Denmark but I can get a 30 year fixed interest at 3.5%
this post was submitted on 12 Nov 2025
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trump just announced 50 year mortgages
this is so awesome I can't wait to be in debt my entire life
Don't forget about paying back triple what you borrowed!
Life hack for renters: You can just steal from the bank.
Bank workers are, at best, getting a small bonus when you sign that mortgage. Your fellow worker isn't the enemy.
These are the financial professionals that normal people should be able to trust to make important decisions.
I'd like to differ. They are the ones selling you this slavery contract and probably don't mention the impossible to deal with interest.
A bank worker who is not your enemy would suggest you to switch banks or give you a reasonable contract. Of course depending on bank they might lose their job over the last one.
At this point I'm just buying an RV.
The american dream of home ownership is rooted in settler colonialism, and used as a tool to keep workers in debt and afraid to take risks organising
I would rather eat my own children than sell them out to the future the banks have in mind.
These people have abandoned humanity.
So... how was your vasectomy?
These people have abandoned humanity.
Well fucking said.
A 350k house assuming the national average on taxes and interest rates comes out to just shy of 1 million dollars. Over 650k in interest. The payment is $1700 which to put it in perspective my home was 260k at 2.8% interest and my payment is $1830 on a 30 year mortgage.
I mean honestly good luck finding a 350,000 home. Even the homes that are 40 years old in my area are selling for 4 to 500,000. The new home build s are averaging 400 to $450,000 to start. So getting a home at $260,000 that you got would be a dream.
I mean I bought a 2100ft² house on 0.8 acres in 2024 for 320k @ 5.5%, 11 miles put from the center of one of the 50 most populated cities in the US.
Not the best deal, not the worst, but definitely possible
2300 sqft historic home in a capitol city downtown... 8 years ago... but I do have to put up with a few quirks like the homeless everywhere and the serial killer that was actively preying on them for several years, and the sword-carrying superhero who then came along to patrol and 'fight' this killer.
We have a security system.
I want to know more about this vigilante sword man
Plot twist: he was actually the serial killer hiding in plain sight
~i don't actually know anything about this guy, just so we're clear~
You can still find sub 50k homes, but you will have to temper your expectations for the area and condition. Can't be afraid to learn a few renovation tricks and get your hands dirty!
I ain't moving to rural Mississippi
A 50 year mortgage will be a lot like renting. Because the bank will own your shit until you die.
That's what we get for saying "why can't I get a mortgage when I pay more in rent just bc my credit is bad", the banks figured out how to rent properties to you.
So why do houses exist if nobody can have one?
Corporations are people and they can have as many as they want???
Decoration/stepping stones toward getting a hotel.
So I did the math. A 30 year fixed and a 50 year fixed have a monthly payment difference of $1.
What the absolute fuck.
With this math I just acquired a 10 year fixed for $1 more per month.
Because for the first lot of years you are paying basically 0 principal
I owned my first house for 19 years, which was purchased in the fall of 2006. We sold it for the exact same price as we paid for it, and barely came out ahead. I know it was poor timing, but the idea of leaving a home and using it as part of your retirement income is a lie. The banks are laughing all the way to the bank.
Poor timing? You bought at the absolute peak of something known as The United States Housing Bubble. Your experience is not typical. You're one of the unlucky people who had the absolute worst timing possible.
The idea of using a home as part of your retirement should be a lie, but unfortunately for the vast majority of people it isn't. The world would be much better off if people only got what they paid back when they sold their houses. But, the reality is that most people have been absurdly lucky and their homes have been going up faster than all but the best stocks on the stock market. You just happened to be someone who jumped on the ride at exactly the wrong time.
Median home prices peaked at $216,000 in August 2006. The lowest they've been in 2025 is $414,000. You had some absolutely atrocious luck. You buy in Detroit or something?
Not who you responded to but it depends entirely on the location. In the northeast there is decent and consistent appreciation and there has been for decades because it has always been populated. But home appreciation over 20, 30, or 50 years will struggle to beat the S&P500. Factor in property taxes and upkeep and you may just barely keep up with inflation. Just from inflation $216k in 06 would be $358k in 2025. As an asset its primary function is being a store of wealth that happens to be the roof on your head, something you can refinance to borrow money, and something to sell basically to pay for whatever you downgrade to when you enter the stage of preparing for death, whether it’s a condo or a nursing home.
All the money to be made comes from buying in bulk and renting out to people who cannot afford because everyone bought to rent out, while local government restricts supply through zoning because it would lower property values of everyone who only had their house as retirement because wages have not kept up with productivity or inflation and pensions and unions have been gutted.
What?
Some random numbers that are of course VERY variable, but I just ran the calcs with 400k, 5% down, 6% APR for 30 and 50 years
$2648 for 30 years $2369 for 50
Now that is of course not a great deal, presumably you'd also get a little better rate for the longer loan (more points) but it's not a dollar.
Edit: wait you'll get a better rate for the shorter term loan, so this will probably further close the gap. Still not to $1 surely
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Average age of a first time homebuyer is now over 40. Even at a reasonable interest rate, most buyers would die before they actually own the house.
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My favorite part of this whole 50 year mortgage thing is the shock that you'd pay like $1.7m for a $400k house over the 50 years while not batting an eye at paying $900k for a $400k house over 30. It's even funnier because houses don't have a set value, can change on a whim and have become a path to wealth instead of the necessity that is shelter.
The quality of the materials and the precision of the build has gone down while the prices rise, and everyone's like "oh this sucks, but the market".
At least cars are considered a valid housing choice these days, which is why car prices are rising.
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I can't believe this is real.
Home ownership out of reach? No problem, just never own a home. Bing bang boom.
I'm European so I'm out of the loop. Do you actually have 17% interest rates? I'm getting 2% over here.
Headline: Save 200 dollars a month with a 50 year mortgage over a 30 year!
Subtext: ... and end up paying double the interest to us for the benefit, and die before your loan is paid off so we get to take the house back from your corpse, sell it on the cheap to a corporate real-estate investment firm (that we have stock in) for just enough to cover the remaining mortgage balance. They'll turn your multi-generational family home into a shitty rental property or leave it empty to keep the rest of their rents high and your children get nothing cuz fuck em!
We laugh at this, but the older generations still remember when the mortgage interest was this high. I don't know where you guys are from, but there is an old news reel from the 1970s here in Ireland when young families at the time complained of "high" house prices of up to 72,000 pounds, with mortgage interest of 14%. The folks on social media had their jaws dropped on learning of how high the interest rate was, but how cheap the overall property value was back then. Now how much are those said houses at the moment? They are now worth between €690,000 to €1.5 million. High valuation but the interest rate is down in proportion. In any case, only few could afford to buy houses these days due to inflation and wages haven't kept up with it.
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