You’ll Never Own Your Home (The 50 Year Mortgage)

"The longer we stretch the loan, the more we make the monthly payment smaller all the way down to basically nothing."

"The moment you introduce the 50-year mortgage, remember, home prices adjust upward. If the monthly payment gets 10% cheaper, the price of the house itself will go up about 10% to compensate."

"longer mortgages don't solve affordability. All they'll do is inflate the price."

"Blackstone and Black Rockck buying up single family homes cannot be good for prices."

"If the cost to pay your debt becomes artificially cheap, the price of the thing itself being financed will not stay cheap. It'll get bit up and up and up. That's exactly what happens when interest rates drop. And we've seen this. Asset prices go up, stocks inflate, crypto inflates, houses inflate."

"So, here's what would happen. I show up to the open house along with a hundred other people like me and I'm like, "Well, I could afford that monthly payment and the other 99 people are like, "Well, we could too. Give me the house." Right? So, for me to get that house, I would have to offer more than all those other people. Well, then eventually that $5 million house turns into a $10 million house, a 20 million, a $50 million house. Because once you make borrowing money very long-term, home prices would almost instantly adjust upward to match whatever payment people can afford."

"paying off a mortgage in 50 years will not be as bad as it sounds in today's money."

"So, ironically, none of this actually matters because the market prices it all away eventually anyway."