50-Year Mortgages That Children Can Inherit (21 points, 36 comments) https://news.ycombinator.com/item?id=31967700
UK Gover[n]ment keen on 50-year mortgages (27 points, 60 comments) https://news.ycombinator.com/item?id=31958362
So, unfortunately not.
(increasing supply would take targeted capital cost reduction, monopoly busting around new home builders and their land acquisition partners, and rapidly increasing the trades labor supply by hundreds of thousands of workers in the near term without immigration; none of this is likely to happen within the next three years)
If immigration in flows to the US have mostly stopped due to this admin, 2M+ people a year 55+ die every year, and 3M people turn 18 every year, assuming a continuing declining total fertility rate and smaller family formation, what is the target build rate and the delta to get there? You can either build more, destroy demand, or some combination of both.
[1] https://www.wsj.com/world/china/china-housing-glut-populatio... | https://archive.today/OqYat
[2] https://finance.yahoo.com/news/look-japans-reverse-housing-c...
... in exchange for over a million dollars more paid over the life of the loan.
I don't think that's making any meaningful difference to anyone other than lenders.
Another way to think about it. Longer mortgages means more available buyers (for a given price level). More buyers means prices up.
Or maybe it's the reverse.
I doubt many people, if any, will do this though.
Always goes up is not the usual.
The supply will stay the same, the demand and therefore the prices will increase.
Only the property owners and lenders will make money.
BTW if you're commenting you should vote the story up so other people can see it.
bookofjoe•2h ago