109 Ron Paul on 50 year mortgages: “my parents paid cash for their 4 bedroom house during the depression” (twitter.com) posted 229 days ago by SophiesBoyfriend 229 days ago by SophiesBoyfriend +109 / -0 45 comments share 45 comments share save hide report block hide replies
For each individual person - it makes sense to get a 50 year mortgage.
But for society as a whole - it doesn’t make sense to introduce 50 year mortgages. It is a way of devaluing the dollar and work. But increasing the value of houses.