No. WE are not normalizing these absurdities. Do NOT give in to this!
A 50-year mortgage isn’t homeownership; it’s indentured servitude with extra steps. You don’t “own” something when the bank can repo it until you’re pushing 90 (or dead). You’re just a high-tech sharecropper making interest payments on land you’ll never truly control in your lifetime. The equity build is so slow it’s practically a rounding error for decades, while inflation and maintenance eat whatever crumbs you scrape together.
That’s why it feels like the polite, smiling version of “You’ll own nothing and be happy.”
Instead of outright seizing property (the blunt WEF-sounding version), they just stretch the debt horizon past a human lifespan so you’re psychologically pacified with the word “owner” on the deed while functionally remaining a permanent renter to the financial system. Same outcome, softer sell.
While you’re chained to payments until you’re 85, the banks are collecting two to three times the home’s original price in interest, risk-free, backed by the full force of government and your future labor. It’s not just profit; it’s guaranteed, taxpayer-insured wealth transfer from working people to the financial class.
On a typical $400k home:
• 30-year loan → ~$650k–$750k total paid
• 50-year loan → $1.1M–$1.3M+ total paid
That extra half-million isn’t going to build more houses. It’s going straight into bank vaults, executive bonuses, and shareholder dividends. And since these loans would likely be packaged into mortgage-backed securities (hello 2008 flashbacks), the risk gets offloaded onto pensions, 401(k)s, and eventually taxpayers again when it blows up.
Meanwhile, the same institutions pushing this are the ones who:
• Lobbied against zoning reform (fewer homes = higher prices = bigger loans = more interest)
• Fund NIMBY groups that block new construction
• Profit when prices crash (they foreclose and resell) and when they rise (bigger mortgages)
It’s a closed-loop extraction machine.
The 50-year mortgage isn’t a bug; it’s the endgame: turning the American Dream into a perpetual subscription service where the house always belongs to BlackRock, JPMorgan, or whoever holds the note, and you’re just the tenant with extra paperwork.