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Apr 9, 2021
2:07
:37
pm
Tokolosh
All-American
If we returned to more generational housing it would make sense.
But we aren't like societies where that is the norm. IIRC Japan has longer term mortgages as the norm but you also have 2+ generations on the same property.
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Tokolosh
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Tokolosh
Joined
Jun 9, 2004
Last login
May 5, 2024
Total posts
60,497 (5,646 FO)
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Messages
Author
Time
POLL: We will see qualified 40/50/60 year mortgages in the next 5-10 years.
ag4cougs
4/9/21 1:22pm
Do you agree/disagree with this policy to address affordable housing issue?
ag4cougs
4/9/21 1:27pm
Based on Car loans increasing I could see mortgages creeping up.
groy
4/9/21 1:27pm
60 Year is almost admitting to never paying it off until death.
groy
4/9/21 1:28pm
Rent with all the required liability and repair responsibility.
JAGA97
4/9/21 1:29pm
Not really, you'd still own the equity if you sold.
BLT-Coug
4/9/21 1:46pm
And? Why is that a bad thing?
Ozymandias
4/9/21 1:59pm
I voted false because you included 50 and 60. I could see them getting longer
rivercitycoug
4/9/21 1:30pm
Lengthening the loan has diminishing returns.
byujdmba
4/9/21 1:34pm
When rates go negative - 60 year mortgage at 0% interest - not a bad deal
novacoug1
4/9/21 1:43pm
Many countries in Europe have 1% mortgages. It is now the norm
Nat Gas Man
4/9/21 2:51pm
40 year mortgages were a thing right before the 2008 crash.
Manti
4/9/21 1:34pm
Are under review right now and I don’ see how they aren’t approved by the Feds
Nat Gas Man
4/9/21 2:49pm
A two to five year loan should be the longest you have a loan out.
Archaea
4/9/21 1:37pm
Huh?
rivercitycoug
4/9/21 1:49pm
Depends on if the 30-year loan is racist or not.
ForzaPuma
4/9/21 1:53pm
If we returned to more generational housing it would make sense.
Tokolosh
4/9/21 2:07pm
I’ve been trying to teach this to my kids. Makes a huge difference in the
Nat Gas Man
4/9/21 2:53pm
It works some places because you only have 1 or 2 kids. How is that going to
Ozymandias
4/9/21 2:56pm
Well since the average US family is down to below 2 kids. I guess make more $$
Nat Gas Man
4/9/21 3:00pm
I think many home owners are already doing this
USMCdad
4/9/21 3:09pm
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