a 400k house pays an extra 400k in interest with a 50 yr loan while only saving approx 300 a month.
is the 50 yr mortgage a sign they are trying accelerate/maintain the slacking housing market?
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Correct. Extending duration is a way to keep a debt ponzi going. IIRC before FDR, mortgages used to be 10-15 years with more like 50% down.
And, unless you keep the house for 50 years (you won’t), you won’t build equity. It’s a form of „you’ll own nothing, and be happy“
If they offer a 50y mortgage, you should grab it....invest the savings you'd have from a 30 year ($300/mo), into BTC. With a $400,000 mortgage ( 20% down), a 25% CAGR BTC growth, and a 3% inflation rate...
After 20 years, your net worth is $4.2M nominal ($2.3M in today’s dollars) — ~5.9× higher than the 30-year mortgage with no Bitcoin.
30 years were enabled in the 1930’s, but didn’t become widespread until the 1950s and 1960s.