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As things get more expensive, the time length of loans has become longer. The former 30-year mortgage has given way to 40- and 50-year plans. Some people think that's bad. I'm guessing most people don't. It's all about what you can afford in a month and if a longer loan makes buying a house more monthly affordable, what's the big deal? True, if you actually paid on it for 50 years, you would be paying much more in interest. But in the mean time, that's simply a tax deduction. It's different for car loans. Those too have lengthened. But there is no tax deduction involved. So yes, you are throwing more money away but you get to ride in that shiney new car as you do it. Does this trend toward longer loans bother you?

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