A 50 year home loan, will be somewhat ideal for a 200,000 dollars home, anything above that just doesn't make sense, much easier and manageable and if the area flourishes then yes so will that same house appreciates in value.
Is a person better of if they rent for 10 or more years or if they have a mortgage even a 50 year mortgage which gives them some tax shelter and allows them to accumulate equity which they could not achieve while renting? I began in real estate in 1964. Boughty my first rental on contact at 6.5% with a clause it would drop to 6% if rates droped as it had just risen. I saw rates go up and down between 6 and 7% until 1979 when they jumped from 7-13% in one day then scalled up to 18-20% depending upon the property. If I remember a Dem was the Pres and did a terrible job which Regan had to fix. Over the years I have accumlated property in 3 states. I didn't care what the interest rate was as long as I could get the property and it could make the payments. It always made me better off. So is a person better off paying more interest and gaining some equity vs renting. My Maga mind says yes what is your reason to rent.
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