The Trump administration is considering a 50-year mortgage plan amid a housing affordability crisis, but critics warn that it could exacerbate household debt.
I also worry home prices will jump to eat up any monthly cost differences, too. Like okay your 50 year mortgage is $100 less a month but we increased the price of the house by $50000 so unless you’re already a homeowner (and plan on renting next) then you’ll be further priced out of the market.
I also worry home prices will jump to eat up any monthly cost differences, too. Like okay your 50 year mortgage is $100 less a month but we increased the price of the house by $50000 so unless you’re already a homeowner (and plan on renting next) then you’ll be further priced out of the market.
That’s the whole point. This doesn’t affect institutional purchasers because they pay cash most of the time. It ONLY hurts individuals.