50 year mortgages

[milfandcookies]

6 hours ago, OrangeBills said:

 

1) every mortgage in the last 3 years was made thinking it would be refi'd later

 

2) I'm not saying these are "great" loans...they are effectively Leases where we build Equity at a slower rate

 

3)  There are other factors at play in Real Estate, like location, property type, etc

 

These are Biden-covered glasses comments, and again operating in a vacuum

 

You can't just look at "Mortgage Rates" without looking at the Price function.  The fact is when rates were very high, prices were much, much lower than they are today (obviously adjusted for inflation)

 

The cost of building materials SKY-ROCKETED for 3 years, tariffs have had very little to do with it.  Inventories generally run 3-6 months so those tariff increases would have just started hitting.  

 

You are correct that the problem is price.  

makes no sense broseph

 

if price is the problem then you should be strongly against this. It will make prices even higher as more people foolishly stretch their budgets in the home buyer market for these lifetime loans 

 

 

Edited 2 hours ago by milfandcookies