what, are they handing out mortages to 15 year olds now?

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Here's an IQ test. Banks are offering 50 year mortgages now...with variable rates, yet! So the same $250,000 mortgage that would cost you $132k in interest over 15 years and $319k over 30 years will now cost a whopping $596k in pure interest. That's before the variable rate goes up, of course. Spend $596,000 to borrow $250,000? What a deal. Don't tell my sister.

Anyone who takes out a 50 year mortgage should have their voting rights stripped, on general principle. Their vote will doubtlessly cancel out mine.