and your kids will be in debt.
If mortgages were capped to 20 years, the prices of houses would plummet.
Comment on Bank Workers, Rejoice!
webpack@ani.social 3 weeks agotrump just announced 50 year mortgages
this is so awesome I can’t wait to be in debt my entire life
SaveTheTuaHawk@lemmy.ca 3 weeks ago
Tryenjer@lemmy.world 3 weeks ago
Debt slavery is the new black.
bebabalula@feddit.dk 3 weeks ago
But are they really 17% interest rate?
ReluctantMuskrat@lemmy.world 3 weeks ago
No, it’s just some exaggeration to make it even more ridiculous. As if 50 years isn’t enough.
What’s really awful is when you see how little the payment lowers between a 30yr and 50yr mortgage with current rates. It’s not nearly as big a difference as you’d think.
Briguy@lemmy.world 3 weeks ago
No. Mortgage interest rates are in the 6’s right now in the US
bitjunkie@lemmy.world 3 weeks ago
That’s the fun part, you probably were already going to be!
sunbytes@lemmy.world 3 weeks ago
Don’t forget about paying back triple what you borrowed!