The dubious case for a 50-year mortgage
There is a zero chance I’m paying off my 3.5% 30y fixed mortgage early in exchange for better sleep at night.
I would rather hold the 30 year short position on the dollar with a carry cost of 3.5%.
Don’t listen to Dave Ramsey or better sleep at night bros or trap mentality doomers that... See more
Sunny Pox.com
Everything about money and buildings says they are expected to live only a brief time, typically 30 years. Most mortgages go for just 25 or 30 years, and so the asset life comes to match the finance period. Just when you own it, you have to replace it.