I'll be lining up for one of these too, but only because I have no power over whether I'm forced to assume the banks' lending risk as a taxpayer.

I agree.  As housing policy, it's terrible, and distortionary as all gov't interventions are.  Though, I do think it will be a windfall for incumbent homeowners, who will see their house prices rise.

But my point is more that it's actually a *really good deal* for borrowers.  I would take it in an instant (assuming an attractive fixed rate), as I believe most bitcoiners should, if you actually believe that monetary inflation will continue unabated.


SimpleStacker

econ

Rant: If you think 50 year mortgages is debt slavery, you don't understand money

Unpacking this a bit more, banks will offer these because taxpayers (who largely overlap with homeowners) are assuming the unacceptable financial risks rather than the banks. So, 50-year mortgages are probably not a good deal for homeowners in aggregate and are a good deal for banks.

What they are is good for individual homeowners, who have no power over the policy environment.