Some first-time homebuyers will now be able to extend amortizations on their insured mortgages out to 30 years. Here's what experts say about the affordability impact.
What an insane dystopia this is. 30 years of your life of which most people whould need to be likely 25 to have the required credit. That’s just not sustainable.
Rather than addressing the rapid inflation of housing prices when compared to median income the solution is to endenture buyers for another 10 years, brilliant. Why don’t we raise retirement while we’re at it, just race all the way to the bottom.
What an insane dystopia this is. 30 years of your life of which most people whould need to be likely 25 to have the required credit. That’s just not sustainable.
Rather than addressing the rapid inflation of housing prices when compared to median income the solution is to endenture buyers for another 10 years, brilliant. Why don’t we raise retirement while we’re at it, just race all the way to the bottom.
I’m about to step into a 30 year mortgage. I’ll be 63 when it’s paid off, if I only make minimum payments.
Wild to think about.
The feds keep talking about taking action to bring prices down, hopefully we see that in our lifetime.