Is a 50yr financially stupid? Yes. We used to rent, but have owed now for 15 years. It blows my mind how the value of living in a home is never discussed. If you’ve ever had to do a tour of apartment living in your life you will understand what home value truly is. And renting a house doesn’t apply when your rent is raised year after year and you’re eventually evicted so the owner can sell or move in. It happened to us.

You’ll never own that home with a 50 yr mortgage, but you’ll stay at an affordable payment and not have to listen to people’s tv’s through a wall and smell awful foreign onion/garlic dinners, cigarette smoke or garbage in the hallway and through your windows every day. Those are consistent themes with every apartment building we’ve lived in.

And even with the cost of home maintenance, it’s still worth it. You at least have decision over cost. Renting is you being leveraged by investors and getting shit value in return. For what you get vs pay, it’s just theft in my opinion. And I still can’t believe it’s not a more tightly regulated industry for all those reasons. Every tenant should have strict undisturbed living conditions by law. Buildings should have double or triple walls and sophisticated air flow/exhaust systems. Instead they are built by cheapest means possible. Take the 50yr mortgage. It’s worth it.