this post was submitted on 12 Nov 2025
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(page 4) 50 comments
sorted by: hot top controversial new old

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!

[–] DJKJuicy@sh.itjust.works 29 points 1 week ago (2 children)

I can't believe this is real.

Home ownership out of reach? No problem, just never own a home. Bing bang boom.

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[–] Pacattack57@lemmy.world 24 points 1 week ago (6 children)

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.

[–] titanicx@lemmy.zip 17 points 1 week ago (11 children)

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.

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[–] HasturInYellow@lemmy.world 21 points 1 week ago (5 children)

I would rather eat my own children than sell them out to the future the banks have in mind.

These people have abandoned humanity.

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[–] Sabin10@lemmy.world 13 points 1 week ago

A mortgage that lasts longer than your career is how you build generational debt.

[–] MrMakabar@slrpnk.net 13 points 1 week ago (1 children)

Anybody who believes a 50 year mortgage is a good idea, does not understand discount rates....

[–] ivanafterall@lemmy.world 7 points 1 week ago (3 children)

Discount rates are one of my favorite things. But pretend I'm one of those dumbasses who didn't do the reading...? What would you say to really put those fuckers in their place!?

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[–] TankovayaDiviziya@lemmy.world 7 points 1 week ago* (last edited 1 week ago)

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.

[–] WhatGodIsMadeOf@feddit.org 7 points 1 week ago (1 children)

They actually ended up getting married after that hug.

[–] explodicle@sh.itjust.works 4 points 1 week ago (1 children)
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[–] UnderpantsWeevil@lemmy.world 6 points 1 week ago

Subprime Rides Again, baby.

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