Japan already has 100-year mortgage loans.
Is the US next?
When buying things on credit, like homes and cars, most consumers buy the payment not the price. The “price” of the house WILL fall as the interest rates increase to keep the payment the same. And/or the term of the loan will be stretched out from 30 years to 50 or more to keep the payment down. Having a forever mortgage will be the norm, like rent forever, only to the bank.
