When 30 Years Isn't Enough: The 50-Year Mortgage Solution
The Hill , ever the oracle of establishment thinking, highlights a report examining the fiscal joy of a 50-year mortgage. Because a 30-year sentence wasn't quite long enough, apparently. This isn't just about rising prices; it's the culmination of decades of wage stagnation, unchecked corporate landlordism, and a federal reserve that printed money like it was going out of style, conveniently
inflating assets for the already wealthy while crushing the average American's ability to buy a home. While politicians like Speaker Johnson (who took $149,000 from the real estate industry in 2023, according to OpenSecrets.org) debate funding proxy wars abroad, the 'American Dream' at home morphs into generational debt for a roof over your head. Perhaps if Congress focused on affordable housing
instead of sending billions to fund conflicts (like the $14 billion in aid to Israel Rep. Smith voted for after taking $450K from AIPAC in 2023), young families wouldn't be looking at half-century mortgages. We seem to have limitless funds for F-35s but no spare change for affordable housing.