Who the hell would want a 50 year mortgage?
Discussion
The banks?
Who wants a 30 year one
Someone who can’t afford the payments on a 30-year mortgage
I’d take one, depending on the interest rate. A fixed rate mortgage is a great thing, because it is a rare opportunity for inflation to work FOR you. The monthly payments are fixed for 30 (or 50) years, while the currency and the home’s values inflate over time. Eventually, the monthly payments become a negligible expense.
The State
The bank.
