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I can't imagine being able to sell my wife on a 50 year mortgage.
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When rates dropped to <3% during the pandemic, we jumped on the opportunity to refinance. We even extended the loan duration to another 30 years, and I would have gone 50 if I could. Feels like the smartest financial decision I ever made, looking back
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We just happened to be moving then, so it had nothing to do with our financial savvy, and it also feels like the smartest financial move we ever made.
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Smarter than buying Bitcoin?
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In a way, yes. We have to live somewhere, which means this drove our long term cost of living down dramatically. The result is being able to afford more bitcoin.
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Ok I accept it.
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Yeah probably not.
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50 year mortgage is great. You will pay much more in the long term but if you take the difference in the monthly payment and invest it elsewhere (bitcoin) you will probably do very well.
I say go all or nothing. Have the longest mortgage possible or none.