In Australia the Average mortgage loan term is over 30 years but the average duration before its paid out or refinanced is only 8 years. Id be more worried about the terms and conditions surrounding early payout and refinancing than the theoretical maximum term of the loan on paper because if they want to be truly predatory thats where it will be hiding.
this post was submitted on 12 Nov 2025
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Well, the USA has 96 month automobile loans and this kind of shit does not surprise me. None of the asswipes in DC are discussing the piss poor income distribution in the USA which leads to affordability and a decent middle class life. In 1789, the French were 100% correct.
Is this an actual thing in the us? We don’t have 50 year mortgages in Denmark but I can get a 30 year fixed interest at 3.5%
trump just announced 50 year mortgages
this is so awesome I can't wait to be in debt my entire life
and your kids will be in debt.
If mortgages were capped to 20 years, the prices of houses would plummet.
Don't forget about paying back triple what you borrowed!
Debt slavery is the new black. Indentured servitude is back.
But are they really 17% interest rate?
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.
No. Mortgage interest rates are in the 6's right now in the US
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No, but our Treasury Secretary recently floated the idea so it might become a thing soon. I believe there are already some 40-year mortgages, but they're rare and non-standard. The 30-year mortgage has been an American institution since it was standardized under FDR's New Deal in the 1930s.
Also, if the dealership is offering you 29% on a 7 year loan, please walk away. Stop giving in to that shit. It's better for you, and it's better for the rest of us.
I’m gonna be dead in 20 years, so I’m so sorry to have to turn this down lol
They're considering offering a 50-year mortgage product to a market where the average first time buyer age is 40. Like no joke they're aiming to lock people into a mortgage that would cost more per month than renting the same property until they're 90.
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Me too bro, me too.
I bought a fairly cheap house and paid it off as fast as I could.
Could I have made more by investing that money instead of shoving it into a mortgage? Maybe.
But you can't live in an investment account. When the markets take a shit, you don't lose a room from your house. And when it's paid off, your outgoings are basically food, electricity and internet.
Don't forget friggin property taxes
guess it's time to start planning my great-grandkids' mortgage payments now. gotta secure that intergenerational debt early.
Such a stupid, stupid society.
Just more evidence that this administration gladly serves up the American people to wall street. I am not a particularly smart person, but even I know there is zero advantage for home buyers here. It ballons the cost of a home multifold. Since the American leaders are smarter than me, it means that they are proposing these financial slavery contracts ON PURPOSE, and their goal is to bleed away the last dollar from the average American. Didn't Elizabeth Warren warn this was going to happen?
Why does he suddenly have vampire teeth
Probably because it's a cropped section of a shitty AI upres of a video still, here's an original.
It's from 2012 when the NASA JPL team did a successful first-ever "rocket crane" landing to get the Curiosity rover onto the surface of Mars. It was actually a really touching / exciting moment, there's lot of other photos out there of the team hugging and celebrating.
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I'll take a 90% 1,000 year loan please.
(hint: it would be over $30,000 per month payment)
Life hack for renters: You can just steal from the bank.
Is the image AI? The face of the guy to the left is kinda weirdly focused.
I think it's a famous photo of folks at NASA celebrating but it does look different. You might be right that this one's been touched up or even fully generated by AI as the depth of field is just all over the place in a way that cameras don't do. Also some funky compression artifacts that don't really look like compression artifacts (which I've seen AI image generators add generate fake compression artifacts to generated images before)
Yeah it's a cropped AI upres of a video still, this is the original.
It's the Curiosity Rover team celebrating a successful world-first rocket crane landing.
Thanks! The original image is so nice, why do the cropped AI version? :(
30 vs 50 year mortgage at 6.25% interest rate on a $450,000 home:
30 year: $2771 per month and pay $547,000 in interest over loan duration ($997,000 total)
50 year: $2452 per month and pay $1,020,000 in interest over loan duration ($1.47 million total)
So for the extra cost of $319 a month ($114,000 over 30 years), you can save $473,000 by going with the 30 year loan, and be done 20 years sooner.
Sourced initial figures from this cnn article: https://www.cnn.com/2025/11/11/business/fifty-year-mortgage
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