Trump to propose 50-year mortgages - bringing affordability to home buyers

You're the only person talking about unilateral control and decision making. Very entitled behavior on your part.

Nimbys are a scapegoat for a broken money system.

Nobody wants a bunch of crap put in and around their homes or property that lower their quality of life.

You are not entitled to live where ever you want.

 

LOL, SG with his classic strawman. When people say 50-year mortgages are stupid, basically a scam, and that the option already exists today, that's valid criticism that you would yourself support. Yet here you go and translate that to being "unacceptable" - as if liberals are demanding authoritarian control over it. This is projection from YOU that valid criticism of a stupid / MKT BS idea from your side is unacceptable.

And "fascist" is especially rich coming from someone who argues for jailing and deporting innocents, including Americans who look a certain way, so you can have your special right to feel safe.

 

Do you think people who are going to take out 50 year loans because of AFFORDIBALITY are in a position to pay extra every month in principle?

Your ignorance is baffling.

 

This clown thinks criticizing a 50 year fking mortgage is fascism.

My god. I regret click "show ignored messages" this AM. the stupidity was overwhelming.

 

No, you cherry pick posts as always and take a post out of context.

I stated:
1) 50 year mortgages are extremely uncommon as the difference between a 30 year and 50 year is very little. Barely $100 a month on a half a million dollar house. You really do not need a very high IQ to understand this concept. you seem to struggle with it.

So to dumb it down to a 5th grade level for you, nobody will be paying extra principle to a 50 year mortgage because they will not exist (by most major banks) in the first place. Keep up with the conversation next time.

2) You cherry picked a post that was not addressing affordability. Focus and work on your reading comprehension.

3) Even if a 50 year was offered, its usually better to take out the longest duration (on a fixed note - clarifying so you don't come up with another dumbass whataboutism scenario) as you can put down extra principle, thus why nearly every mortgage website very conveniently offers the option to add extra to the principle. Its literally that common.

4) Don't bother replying to me. It would be a full time job if I had to reply to every one of your bad takes.

 

50-year mortgages. Stupid, stupid, stupid.

"Hey, I own a home. But the bank owns me."

Yeah, these Trump supporters are either (a) bots or (b) bought.

 

Honestly . . .. . considering we still pay Property taxes
It's like being a life long Renter anyway

Rocket River

 

I prefer 100 to 1000-years mortgage loan.

 

Harris County property taxes:

 

I will say I am on my 4th house and I have never gone full term on any of my mortgages.

My idea was always. Pay on time and over pay on the primary when finances allowed.
In every case with the paid equity and home price appreciation I have been able to to get better homes to live in as a result.

We have been in our forever home for 9 years now and we were able to do a 15 year this time. Which gets the house fully paid off 1 year before I retire.

The first house was by far the hardest to purchase. Thanks to my military stint I qualified for a VA loan. Less down paymen and no PMI.
If I didn't have those helps I don't know if it would have happened. Would have probably been 10 years later before I could purchase.

Is 50 years predatory? probably.
But I would have probably gone for it back in the day if available if I didn't qualify for VA. With knowing full well I would never go to term on the loan. Pre owned House prices always go up.
Just have to know what are getting into.

 

Started mid 80-90s? Those 10+% interest rates were crazy in comparison to recent time.

 

The killers now days are the percent you have to put down and the taxes you pay monthly.

I never took a honeymoon when I got married we agreed to put all the wedding money and put it to a down-payment. We only had about a 7% down-payment. Again a result of VA financing. The military may not be for all bit it pays much in the way of dividends down the road.
He'll I get special parking at Lowes and 10% discount on everything.

 

just a few days ago

just like clock work, Traitor George parroted the same ill-conceived false narrative,

yesterday

The White House was blindsided by the idea and is now dealing with a furious backlash from conservative allies, business leaders and lawmakers.



‘Sold POTUS a bill of goods’: White House officials
furious with Pulte over the 50-year mortgage nonsense
​

 

@DonnyMost is this allowed or is it ruining the vibe of the neighborhood? You know those empty parkings lots sure do contribute alot to the culture

 

That's up to the people that live there. If they want it, let them have it.

****ing wild concept to you, I'm sure.

 

The government's responsibility is to the general public and not to some specific neighborhood. Why would a current household want more housing thus leading to their home values declining ? Real estate is the #1 asset Americans have.

Lack of affordable housing is one of the biggest issues facing America today. Catering to a small group of homeowners who want to keep the status quo is the quickest way to a right wing takeover.

 

Something I don't think most realize is that the majority of Boomers had access to those VA loans.

That's not the case today as GenZ and later aren't signing up. But they want the benefits of it.

I'm not so sure that a 50 year works out like your original 30 year did where you can improve your housing situation because of the much slower growth of equity.

I don't know where I stand on this idea ....

 

So, how do you do a 50 year mortgage without making it cost more overall than a 30 year mortgage? Is that what they are trying to figure out?

 

LOL according to you mass deportations would lead to a collapse in the housing market and lead to record low unemployment. Lets quit pretending you have any idea what the hell youre talking about

 

my take is that no business is stupid enough to give a 50-yr mortgage. it is a money-losing proposition for them


another ill-conceived idea by pulte

poulte is the same moron that came up with the "indict first, investigate late" scheme
against Lisa Cook and Lettitia James​