Posted on 11/12/2025 1:56:45 PM PST by E. Pluribus Unum
https://babylonbee.com/news/banks-now-requiring-your-grandkids-to-co-sign-your-50-year-mortgage
U.S. — Banks across the United States announced today that they would now require an applicant's grandkids to co-sign on a 50-year mortgage "just in case."
"You never know what might happen if you're signing a 50-year mortgage and you're 55 years old," National Banking Association Spokesperson Craig Jensen told the media. "We're going to start requiring every applicant to have their grandkids present to co-sign on the loan in case anything… happens… if you know what I mean. Dead. Death. I'm referring to death."
The banks made the announcement after President Donald Trump earlier this week floated the idea of normalizing 50-year mortgages. With housing prices on the rise and mortgages untenable for many Americans, government officials were still searching for solutions to help more people become homeowners.
"A 50-year mortgage is something we've never seen," Jensen continued. "It would present certain issues with the older mortgage applicants. So, we'll need them to bring a grandkid under the age of 30 to co-sign on the loan. We just don't see any other way to do this. We can't afford to have loanholders keeling over and leaving us holding the proverbial bag."
At publishing time, American grandchildren announced that they would need some type of collateral to co-sign with their grandparents, preferably in the form of candy or ice cream.
(Excerpt) Read more at babylonbee.com ...
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It’s a bee article but I think Japan had multi-generation mortgage at the height of their property bubble.
Great idea! Little sh*ts need to learn the value of home ownership and money management early on. Heaven knows are schools aren’t teaching that stuff.
Makes me wish I hadn’t paid my house off. Wait! I know, a second mortgage.
“Makes me wish I hadn’t paid my house off. Wait! I know, a second mortgage.”
If there is no first, there can not be a second.
True. It’s my second though. Imagine where you would be if you aborted your co-signer. I didn’t need another reason but it does add arguments to the pro-life crowd.
“Imagine where you would be if you aborted your co-signer. I didn’t need another reason “
Some loans automatically default.
Debt is passed to cosigner estate.
I was just going to say “thank God I have no mortgage and no grandchildren,” but then saw it was the Babylon Bee.
So you’re proabotion? What’s your point?
“So you’re proabotion?”
Define “proabotion”
“What’s your point”
Add facts to the discussion.
Kids got really excited when told they also had an option of receiving a “balloon payment” at the end of the loan.
They do love their balloons, especially helium-filled.
Some of this is possibly just wishful thinking, but if they really did all this, I would be in hopes that the grandkids would tell them to stuff it. A 50 yr. mortgage means 2 things>>>the property is probably seriously overpriced (since most already is anyway) & the only one making out on this is the mortgage holder. I share no love for them. To make it simple,why would anyone go for a 5o yr. mortgage?
.
Having never had a mortgage, I have no idea, but in England, they have leaseholders, people who own the property, but not the land it sits on. The lease agreement gives the leaseholder the right to occupy the property for a specific period, often ranging from 90 years to 999 years. Once the lease expires, ownership reverts to the freeholder (the property owner). To me, that makes no sense at all.
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