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the 30-yr mortgage is already a product that is toxic to own for anyone outside of two publicly owned companies (for how low the interest rate is, and the large loan amounts...it can bankrupt any holder of these assets with just a few bps increase in defaults. And that exposure is over 30 years!). The 50-yr mortgage will obviously be unsalable privately, and thus dooms us to persist the nationalized fictionalization experiment of our crumbling homes for a few more generations.