[smeej]

Fixed-rate 30-year mortgages have been around for generations now. They're long since priced into the market.

Whether any specific person actually thinks through whether spending as much money as the bank will lend is prudent, instead of buying a house they can actually afford, saving the money, and upgrading later, is a different question. But it's not fair to blame the mortgage itself.

[denimnerd42]

it's too expensive to move with closing costs and realtor fees :( It's almost always better to buy the most expensive house you can if you you still have a way to increase your earning potential in your career. if you could move without a 6% fee and $xx,xxx financial fees it would definitely be better for everyone overall except the industries who have inserted themselves into these transactions

[smeej]

In the vast majority of U.S. markets, it's almost always better to buy--or even rent--the cheapest house that meets your space and safety needs and invest the rest in index funds.

Anyone who ends up with their primary residence as their "biggest investment" has been a piss poor investor.