Subject: Re: More on the 50 year mortage
People do not have these mortgages yet and some scuttlebutt is this is a trial ballon the bankers do not want.

There were 40-year mortgages after the Great Depression.

The other way of seeing it, the payments are small and will seem very small against inflation.

The mortgage is a call option on the property. If 40 years from now the property is worth 5 or 6 times more, your heirs can sell it.

My nephews and niece would be my heirs.