Tidbit that has been reported recently, the average first time home buyer is now about 38 years old. Add a 50 year mortgage, and you are talking debt for life.

As noted before, the auto industry has been using the same device: financing for ever longer periods, to enable more people to buy more expensive, more profitable, vehicles.

Here's another page from the automaker's playbook "lease pull ahead" and "financing rollovers" to add the amount you still owe on your old car, to what you owe on your new car, to keep the tin moving off the lot.

Another tidbit, Pulte is a major builder of garish, overpriced, mcmansions.

Pulte Cites ‘Portable Mortgages’ After 50-Year Idea Panned

(Bloomberg) -- Bill Pulte, the Federal Housing Finance Agency director, said the administration is “actively evaluating portable mortgages” just days after President Donald Trump’s call for 50-year mortgages fell flat with industry and consumers.

finance.yahoo.com - Pulte cites portable mortages

I have posted the data before: the "supply side economic miracle" since the 80s, has been built on the drawdown of savings and the accumulation of debt.

Steve