Will millennials be able to buy homes? – It’s Been a Minute – NPR

It’s Been a Minute

Do you want out of The Cult of Homeownership?

November 21, 20253:00 AM ET

By Brittany Luse. Scott Horsley, Rhaina Cohen, Alexis Williams, Neena Pathak, and Mika Ellison 19-Minute Listen

Bill Pulte, the director of the Federal Housing Finance Agency, or the FHFA, said the administration is “working on” a plan to introduce 50 year mortgage terms for homebuyers. But some Americans have already been working on their own plans towards homeownership… and it’s not the ‘nuclear family’ route.

NPR Embedded producer and editor and author of The Other Significant Others: Reimagining Life with Friendship at the Center, Rhaina Cohen and NPR chief economics correspondent Scott Horsley join the show to get into the cult of homeownership in America and how we may have to reframe our ideas of what ‘adulthood’ looks like.

Episode Highlights, Whether 50-year mortgages are a solution

Economy

3 questions about Trump’s 50-year mortgage plan

HORSLEY: The 50-year mortgage is sort of a superficial way to try to make homeownership seem more affordable. But if you scrape just a smidge below the surface, there’s not a lot of substance here. Housing affordability is a real challenge. A 50-year mortgage is not a real solution. It would have the effect, potentially, of lowering people’s monthly payments a little bit…

LUSE: But you have that payment way longer, right?

Editor’s Note: Read the rest of the story, at the below link.

Continue/Read Original Article Here: Will millennials be able to buy homes? : It’s Been a Minute : NPR

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