Rule 10 Submission Statement: Their goal is to keep people in debt forever – for life. A 50 year mortgage isn’t s a real solution to the housing affordability crisis. It’s a reward to the banks, mortgage lenders, and home builders while people pay more interest over time and die before they ever pay off their home – meaning they never truly owned it.

It's part of Agenda 2030:

"You'll own nothing and you'll be happy" is a phrase published by the World Economic Forum (WEF). The phrase is based on a 2016 essay by Ida Auken of Denmark, published by the WEF, about a future in which a hypothetical person relies on the sharing economy for many of their needs.

In 2016, Auken published an essay originally titled "Welcome to 2030. I own nothing, have no privacy, and life has never been better", later retitled "Here's how life could change in my city by the year 2030", on the WEF's official web site. It described life in an unnamed city in which the narrator does not own a car, a house, any appliances, or any clothes, and instead relies on shared services for all of his daily needs.

Posted by TurbulentFlame

1 Comment

  1. FocusGullible985 on

    A 50 year mortgage is good for young first time buyers but highlights the economic issues currently

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