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re: You guys excited about 50 year mortgages?
Posted on 11/12/25 at 8:41 am to Joshjrn
Posted on 11/12/25 at 8:41 am to Joshjrn
quote:
hot housing markets with heavy appreciation
Also come with skyrocketing property taxes and insurance etc.
The 50 year 'rates' are also going to be higher than 15 or 30 year rates.
There are a lot of layers to this the low IQ poors aren't thinking about.
1
Posted on 11/12/25 at 8:45 am to Slippy
Saw a tweet earlier that they're getting rid of the 650 credit score threshold for financing. Save that cash boys, another housing crash is on the horizon.
Posted on 11/12/25 at 8:46 am to SlowFlowPro
quote:1 is definitely an advantage to renting. 2 is built into the rent payment. 3-4 is the biggest issue; you need to time the market correctly if you want to be able to relocate without issue.
That's probably not true, all things considered
You'll need some luck to come out ahead, specifically
1. Avoiding expensive maintenance
2. Not facing high property taxes
3. Having RE appreciate beyond historical norms
4. Having RE be positively valued when you have to sell
On the flip side, you're able to stabilize your housing cost over the long term and be much better protected from risk associated with nonrenewal of your lease, or huge jumps in rent expense. You can also buy down principal and own the place outright over time.
Puts and takes. It doesn't make sense for everyone, but for someone who is looking to stay put in a certain area for a while absolutely could provide benefits over renting.
This post was edited on 11/12/25 at 8:48 am
Posted on 11/12/25 at 9:16 am to SlowFlowPro
quote:i guess i dont live in reality because in nashville the property values go up double-digits every year so you have instant-equity almost immediately here.
You'll need some luck to come out ahead, specifically
1. Avoiding expensive maintenance
2. Not facing high property taxes
3. Having RE appreciate beyond historical norms
4. Having RE be positively valued when you have to sell
Any of those 4 alone could tank the advantage, and I imagine most people will face at least 2/4 of them over a long enough sample.
i bought a house in 2015 for 400k and sold it in 2021 for 1.6.
things havent slowed much since then even w/ the high interest rates.
i get it; this isn't normal for other parts of the country but its priced pretty much all the college grads out of starter homes in this area and sent rents through the roof.
Posted on 11/12/25 at 10:49 am to ronricks
quote:
The 50 year 'rates' are also going to be higher than 15 or 30 year rates.
Significantly higher. And nobody seems to be mentioning this.
30 year fixed has about double the rate of 15 year fixed. No sane bank actually wants an asset with a 50 year maturity, so the rate will likely be double the 30 year rate.
Imagine agreeing to pay 12% on a mortgage of, what 400K on average…for 50 years.
It’s a garbage idea for a product and I have no idea why we (collectively, not just the OT) are even discussing this.
This post was edited on 11/12/25 at 10:50 am
Posted on 11/12/25 at 10:51 am to Dadren
quote:
Imagine agreeing to pay 12% on a mortgage of, what 400K on average…for 50 years.
You think the rate will be 12%
This place never disappoints
Posted on 11/12/25 at 11:03 am to SDVTiger
quote:
You think the rate will be 12%
This place never disappoints
What do you imagine the rate will be and why?
Posted on 11/12/25 at 11:32 am to CAD703X
quote:
i bought a house in 2015 for 400k and sold it in 2021 for 1.6.
things havent slowed much since then even w/ the high interest rates.
Is that same house now worth $4.5MM or so? Because if not, things have slowed way, way the frick down
And yes, this kind of appreciation is staggeringly outside of the norm for the rest of the country, and we shouldn't be setting policy based on extreme edge cases.
Posted on 11/12/25 at 7:39 pm to Joshjrn
There's another reality kick=in=the-pants that hasn't been mentioned.
It starts with the neighbors deciding to rent to Section 8 voucher recipients.
Maybe three neighbors in a two square block area default on their loans because noone wants to assume their mortgages. That drives prices down and banks unload on undesirables who can pay although don't have visible jobs, but lots of night time visitors.
An apartment complex is built across the utilities right of way and it goes down hill fast.
I look at subdivisions I've known and see they didn't hold value for twenty years. Fifty?
It starts with the neighbors deciding to rent to Section 8 voucher recipients.
Maybe three neighbors in a two square block area default on their loans because noone wants to assume their mortgages. That drives prices down and banks unload on undesirables who can pay although don't have visible jobs, but lots of night time visitors.
An apartment complex is built across the utilities right of way and it goes down hill fast.
I look at subdivisions I've known and see they didn't hold value for twenty years. Fifty?
Posted on 11/12/25 at 7:41 pm to Slippy
There are purposes for this. By driivng down the cost monthly, even with a lower equity the price of the home still appreciates. I have seen many investors flip like that, but by offering it to people in this predicament will simply kick the can down the road.
Posted on 11/12/25 at 9:24 pm to Slippy
I don’t care. My house is paid off.
Posted on 11/12/25 at 9:39 pm to Dadren
quote:
What do you imagine the rate will be and why?
.5 higher than a 30yr just like a 15yr to a 30yr
Where do you even come up with a 12%
Posted on 11/13/25 at 1:42 am to BRPelican45
quote:
paying nearly double the interest over the term of the loan!
One born every minute.
Posted on 11/13/25 at 2:14 am to SDVTiger
quote:
.5 higher than a 30yr just like a 15yr to a 30yr Where do you even come up with a 12%
Anyone (like me) old enough to remember the ‘70s will remember mortgage rates 18-25%. And to top it off, there were penalties for paying the loan off early.
When the cost of buying a house goes way up, the number of houses being built will go way down. There’s a reason investors track new housing construction numbers.
Posted on 11/13/25 at 6:23 am to Slippy
Hook, line, and sinker. Fall for it every single time.
Posted on 11/13/25 at 6:31 am to ChiefCornerstone
quote:
Anyone (like me) old enough to remember the ‘70s will remember mortgage rates 18-25%
Yeah an median home values were like 23-75k
Do the math on 500k with a 12% or 18-25% rate. 12% that would be like a 6k payment with taxes if not more
So NO ONE would buy with a 50yr loan.
Posted on 11/13/25 at 6:37 am to billjamin
But what if you could get a portable mortgage as well?
Posted on 11/13/25 at 6:49 am to Joshjrn
quote:
I could certainly be wrong, but my fear is that prices are going to adjust such that we are going to have the exact same problem, except now, building appreciable equity will be impossible for anyone who didn’t already own a home before this.
It'll be the same as the auto industry. 10 year loans is why we have $85,000 half ton pick up trucks.
Posted on 11/13/25 at 6:51 am to KiwiHead
quote:
But what if you could get a portable mortgage as well?
It would be similar to an assumable loan you can get now
Posted on 11/13/25 at 8:55 am to SDVTiger
Sort of, but you still need to find financing on the difference. So if you bought a 500+K house but your original loan at 3.5 % on the old house has a balance of 250K. You can only translate that rate to the 250K...the remainder of the money has to be financed at at least the market rate currently
50 year mortgages are really a bad idea.....portable mortgage are a bad idea overall as well, just less so.
50 year mortgages are really a bad idea.....portable mortgage are a bad idea overall as well, just less so.
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