The Hill Discovers Math, Suggests 50-Year Mortgages for Affordability
The mainstream media's latest proposal to solve the housing affordability 'crisis' (which is apparently a 'liquidity crisis' now) involves extending mortgage terms to 50 years. This brilliant insight from 'The Hill' sidesteps the inconvenient truth of stagnant wages, corporate real estate hoarding, and unchecked speculation. They imply the issue is consumers' inability to shell out enough cash,
not an economic system designed to extract maximum profit from a basic human need. Instead of addressing the systemic failures that created this housing nightmare—like federal tax breaks favoring investors, or the Federal Reserve's endless money printing that inflates asset prices—'The Hill' offers longer chains to the same financial prison. It’s like suggesting a longer hose for a leaky bucket,
rather than fixing the hole. How many 'innovative' financial products will bleed Americans dry before someone points out that homes are for living, not just for speculating?