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21 sats \ 2 replies \ @Undisciplined OP 12 Nov \ parent \ on: Trump's 50-Year Mortgage Will Bring More Inflation and Corporate Bailouts econ
My expectation is that these will just become the norm and 30-year mortgages will be similarly niche as 15-years are today.
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154 sats \ 1 reply \ @freetx 12 Nov
Quite likely.
Although the savings in monthly payment reaches diminishing returns at some point. Nearly doubling the term (50 vs 30) only produces a ~13% reduction in monthly payment.
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21 sats \ 0 replies \ @Undisciplined OP 12 Nov
True, but how devalued will that payment be for years 31-50. In real terms, it'll be peanuts.
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