I'd think no, the prices will just increase until monthly payments are the same. | Hacker News

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		Saris 4 months ago \| parent \| context \| favorite \| on: Will a 50-Year Mortgage Make Homes More Affordable... I'd think no, the prices will just increase until monthly payments are the same.

FireBeyond 4 months ago [–]

That's exactly what happens when states increase minimum wage levels - rental prices increase until in a matter of months they've absorbed every cent (or more) of the increase.

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