I’ve never had a mortgage. That is, I’ve never been on the bloody end of one. On occasion I will finance a buyer for a short term (5y or less).
People don’t take debt seriously. 50 years?? To people my age that’s farther off than ye crack of doom. You going to take out a 50 year note and leave it to your kids (if you ever get around to having any)? They won’t WANT it. (I have made a heap of money buying houses that heirs don’t want.)
Just rent. You get a built-in free repairman forever. You get to play that game, “How Long Can I Live Rent-free.” Who needs a half century of debt, plus maintenance, insurance, and taxes? (Never had a tenant either, but landlords have wept on my shoulder.)
Yep, schemes like this will only increase the wealth gap.
You want a revolution? That’s how you get a revolution.
Not wanting it is one thing, but why sell below value?