Crime Trump, 50 year mortgage?

[syct23]

My butthole is still sore from signing a 30 year mortgage

Who are they gonna give 50 year mortgages too? Teenagers?

If you sign a 50 year at age 20, there's a decent chance you're dead before you even make it to the end of the loan lmfao

Bro you forget,

With the progression of technology in the health sector, people are beginning to live longer lives.

At this pace everyone in the near future will have the benefit to live a long and prosperous 150 years just like the president.

This could work..

 

[Romulas]

50 yr mortgages have been available in California since 2006. https://www.mortgagenewsdaily.com/news/5162006-50-year-mortgage

Do I think 50 yr mortgages are dumb? Yes I do. Are there dumber mortgage instruments that have been around for many years? Yes there are.

50 and 60 year mortgages are common in a few European countries as well.

As an MLO in the industry we lost 40% of our buyers when rates went increased from 3.5 to 6%. This will give opportunity for them to own homes. If they're smart they will make extra payments to shorten the term and not pay as much interest.

In my experience will they make extra payments? No, they will buy fancier cars and go on more expensive vacations instead, lol.


Stopping corporations from buying up hundreds of single family homes is the answer.

 

[Revolver]

lmao @ 50 year mortgages. why not just make them longer. that should help.

 

[Fedor>Cain]

Bro you forget,

With the progression of technology in the health sector, people are beginning to live longer lives.

At this pace everyone in the near future will have the benefit to live a long and prosperous 150 years just like the president.

This could work..

Don't discount RFK shortening life expectancy

 

[The XL]

Someone finishing up a 50 year mortgage today would have signed it in November 1975. Think about how ridiculous that is. Gerald Ford was the President lmao

 

[PEB]

Can we now admit he has no answers for solving the cost of living issue without hurting his and his donors bottom line? How can a guy jump a billion dollars a month in net worth and his donors without proposing shitty ideas that will cause even greater harm.

 

[D3thr0n3d K1ng]

More clown stuff from the clown in chief.

 

[syct23]

Don't discount RFK shortening life expectancy

The anticipation!!

 

[Rob Battisti]

number one bullshit

 

[PEB]

Of topic I don't think I have ever seen this one at Stop & Shop a big East Coast Grocery chain said they don't have penny's due to a national shortage. I usually pay in dollars and cents but now forced to use my debt card in this case or take a hit.

 

[PEB]

50 and 60 year mortgages are common in a few European countries as well.



Stopping corporations from buying up hundreds of single family homes is the answer.

Please feel for the Blackstone Group how are they going to force people out of their homes?

 

[scorpiorising]

I still owe 800k or so on my house. The Neverending gift of debt.

At least the first $1,700,000 is paid off

 

[MetaIIica]

Gives people a chance to get cheaper loans , and the ability to get into a house and eventually build up enough money to lower the mortgage.

Better than Kamala Harris giving illegal immigrants 25,000 dollars to buy a house.

 

[Only Here for Attachments]

Can we now admit he has no answers for solving the cost of living issue without hurting his and his donors bottom line? How can a guy jump a billion dollars a month in net worth and his donors without proposing shitty ideas that will cause even greater harm.

Wait do you mean? There is no "cost of living crisis," that's just Democratic propaganda to make Trump look bad.

 

[Michaelangelo]

they’re going to bundle these with life insurance

 

[Revolver]

Now they're working on 15 year car loans. lmao.

 

[KAZSoliloquy]

paying double the price of the house in pure interest.

making america great again baby.

 

[heloder]

Hey guise why does it seem like Donald Trump is doing things that benefit the wealthy and fuck over the working class?

I wish one of the "YoU wIlL oWn NoThInG aNd Be HaPpY" MAGAts would come in here and explain why 50 year mortgages and 15 year car loans are actually good things and that they totally haven't been bamboozled by a conman.

 

[therealdope]

Someone finishing up a 50 year mortgage today would have signed it in November 1975. Think about how ridiculous that is. Gerald Ford was the President lmao

The median house cost in the US was $38,500 in 1975 giving them a good chance to pay off the house in less than 50yrs.

 

[fingercuffs]

Someone finishing up a 50 year mortgage today would have signed it in November 1975. Think about how ridiculous that is. Gerald Ford was the President lmao

Fuck, that's the year I was born. Puts it into perspective.