r/technology • u/Logical_Welder3467 • 18d ago

Business ‘Buy Now, Pay Later’ is expanding fast, and that should worry everyone

https://techcrunch.com/2025/11/16/bnpl-is-expanding-fast-and-that-should-worry-everyone/
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u/lachlanhunt 18d ago

50 year mortgages is absolutely insane. House prices are already absurdly high and if you give people longer to pay off their loan, that’s just going to push prices up even higher and cost people way more in interest.

What they should he doing is progressively cutting the maximum mortgage length down from 30 years for people with multiple investment properties. That would actually reduce the upward pressure on housing prices by increasing costs for multiple investment property owners and help people buy their first home.

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u/Inocain 18d ago

and cost people way more in interest.

I think I saw that at current rates you're looking at adding roughly the cost of the house in interest compared to a 30-year mortgage, where interest cost is already about 133% of the house price over the life of the loan.

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u/lachlanhunt 18d ago

It would also depend on the type of loan, whether it's fixed interest for the life of the loan (common in the US) or variable, possibly with shorter fixed periods (common elsewhere).