I think you mean a 50 year loan does not make sense for the lender, not the buyer. At 5-6%, DannyBoy is absolutely correct, because there is nowhere else you can borrow at that rate. You are effectively renting while retaining the potential appreciation.

Of course, you need to be able to afford the rent in the first place (like paying twice the actual rate the rent will go for).

As for the lender, that just means they have no cushion if interest rates rise, they will bleed and there is no way out. The Fed is keeping this wonderland alive, we all know for what cost - destroying the dollar, and hiding inflation as if there is none.

Well I know that (I shop at Costco consistently) for the past 5 years milk has inflated 60%, egg 50%, groceries in general 30%. Gasoline 50%. What is not inflated? Chinese made goods, yeah and we are buying American and saying no to the Chinese. We are also demanding that they raise their prices and stop buying our treasuries (aka Hillary).

Very smart people in America. We are going to make toys and clothes ourselves again, then sell our resources and intellectual goods cheaper to the world (everybody is raising their prices to us). That will sure raise our living standard.

You must be confusing sub-prime with no-doc. Since when does illegal aliens obtain SSN? With no SSN how can you get a credit rating? Without a credit rating how can you be determined sub-prime?

Your ignorance is so obvious that there is no need to give any more creditability to your claims. I despice those people who point fingers at others where only misguided intension lies. Who are you trying to fool? Only the illegals are jumping to capitalize on the liar loans? Only the illegals go in lines to buy Xmas sale items? If there is a giveaway then everybody in need will be in line for it, FBs, crooks, people who are desperate, etc.

Yeah, WTF.