The goal should be to make housing so affordable that you move to a 20-year mortgage. Having to offer 50-year mortgages is a sign that things have gone terribly awry.
"Sign the line here, in half a century you'll own your house outright!"
Laughably out of touch.
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Itβs especially fucked when you consider the average age of a homebuyer in the US is in their late 40s. The etymology of mortgage aka βmort gaigeβ meaning "dead pledgeβ living up to its name.
LOL. Fkn Boomers