Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Melon

(909 posts)

17. The alternative is renting. At zero equity

Reply to drmeow (Reply #16)

Fri Nov 14, 2025, 10:21 AM

Nov 14

And no ability to lock in pricing….i don’t need others to set my choices in the market. There is a place for a longer mortgage. There is a place for reverse mortgages. I fail to see where a longer choice is predatory.

Under the current system, you are dooming future generations to rent. Rent will not be below the cost of the asset plus cost plus interest. Paying a longer mortgage that is building equity, even slowly, does not disadvantage the owner to renting.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

19 replies

= new reply since forum marked as read

Highlight:

What a 50-Year Mortgage Would Mean for Home Buyers [View all] Yo_Mama_Been_Loggin Nov 13 OP

Borrowers will have to dweller Nov 13 #1

We die and leave the debt to our children, who probably don't even want the house FakeNoose Nov 13 #2

I don't follow. You sell it in these instances. Same as if you had an unpaid 30 year mortgage. Melon Nov 13 #5

My point is that a lot more people will die with mortgages unpaid FakeNoose Nov 13 #7

But...who cares...really? People die or sell homes owing money everyday. The estate pays what is owed from the Melon Nov 13 #8

Do many people stay in a home long enough to pay off their mortgage? Mark.b2 Nov 13 #3

I thought I remembered 100 year mortgages in Japan. So I ran it through the machine: Hassin Bin Sober Nov 13 #4

There are still going to be 30 year mortgages. 15 year mortgages. I don't see the issue. Melon Nov 13 #6

This comes down to a question of drmeow Nov 13 #9

I don't think so.People need choice. I looked at a certain right wing website earlier. Melon Nov 13 #12

Yes, I do protest 7 year car loans drmeow Nov 14 #16

The alternative is renting. At zero equity Melon Nov 14 #17

The purpose of a 50-year mortgage is to enrich the lenders while offering very little benefit to the home buyer Wiz Imp Nov 13 #14

Why not? From repuke perspective, they plan to have everyone work till they drop dead. SheltieLover Nov 13 #10

It would mean they're basically renting their entire lives, and paying a humongous amount of interest. Sogo Nov 13 #11

This message was self-deleted by its author PeaceWave Nov 13 #13

I would recommend taking the shortest mortgage you can afford. WarGamer Nov 13 #15

That's a really, really bad idea. For the first 20 years of the mortgage you wouldn't even be touching the Vinca Nov 14 #18

This is another stupid trump idea LetMyPeopleVote Nov 14 #19