Crime Trump, 50 year mortgage?

[N13]

Afaik Trump would not get to nominate Bosic's replacement, it would have to come from the Atlanta Fed's board of directors and would be have to be confirmed by the current Fed's governers.

I'm sure he will try to put pressure to get someone he wants in there, but similar to supreme court picks, even his own apointees aren't exactly guaranteed to do whatever he wants since they aren't beholden to him... like Powell himself who was nominated by Trump during his first term. The whole system was designed this way pretty much for this reason.

I'm not sure about that. Trump just put someone on the board, recently. It was his decision. And maybe the Senate had to approve it.

 

[lifelessheap]

Afaik Trump would not get to nominate Bosic's replacement, it would have to come from the Atlanta Fed's board of directors and would be have to be confirmed by the current Fed's governers.

I'm sure he will try to put pressure to get someone he wants in there, but similar to supreme court picks, even his own apointees aren't exactly guaranteed to do whatever he wants since they aren't beholden to him... like Powell himself who was nominated by Trump during his first term. The whole system was designed this way pretty much for this reason.

Blah blah blah....

The USA is owned and controlled by private banks


Fucking disgusting

 

[N13]

Afaik Trump would not get to nominate Bosic's replacement, it would have to come from the Atlanta Fed's board of directors and would be have to be confirmed by the current Fed's governers.

I'm sure he will try to put pressure to get someone he wants in there, but similar to supreme court picks, even his own apointees aren't exactly guaranteed to do whatever he wants since they aren't beholden to him... like Powell himself who was nominated by Trump during his first term. The whole system was designed this way pretty much for this reason.

I had to check and you were right.

Me: Fed chair Bostic has retired. What is the process to replace him?

AI agent:
Raphael Bostic is retiring as President of the Atlanta Federal Reserve Bank in February 2026. His replacement will be chosen by the Atlanta Fed’s board through a nationwide search, not by the President of the United States.
Here’s how the process works:
Role and Retirement Context
• Raphael Bostic, the first Black and openly gay president of a regional Federal Reserve Bank, announced his retirement effective February 28, 2026.
• He has served since 2017 and is a voting member of the Federal Open Market Committee (FOMC), which sets national interest rates.
How His Successor Will Be Chosen
• Regional Fed presidents are not appointed by the U.S. President.
• Instead, the board of directors of the Atlanta Fed will:
• Form a search committee
• Conduct a nationwide search for qualified candidates
• Submit their choice to the Federal Reserve Board of Governors for final approval.
Political Undercurrents
• While President Trump cannot directly appoint Bostic’s successor, he is actively reshaping the Board of Governors, which must approve the appointment.
• This includes:
• Attempting to remove Governor Lisa Cook
• Preparing to replace Fed Chair Jerome Powell when his term ends next spring.
Implications for Monetary Policy
• Bostic’s departure opens a seat on the FOMC, potentially shifting the balance of voting on interest rate decisions.

 

[MeatheadMike]

They are doing the right thing given the situation.

I like your posts.

Most people think that the federal Reserve is a part of the government, but it's a privately owned bank, part of the global central banking system.....

Its basically a coalition or banks. For better or worse bankers run this country.

But tbf this type of system does sort of
maximize economic stability since they basically have the most to lose in an economic collapse

 

[HeffDoesWant]

Don't discount RFK shortening life expectancy

That is center piece of his approach of getting American health care costs down.

If only the rich live past 60 ......just think of the savings.

 

[jk7707]

Anyone who has those fed rates will benefit politically. And the people do quite well.

It's Trump's turn now.

And why do you think those fed rates happen?

 

[N13]

And why do you think those fed rates happen?

 

[Beechwood]

I don't know how helpful this would be for affordable housing. If the 50 year mortgage idea comes about I hope it helps some.

Unaffordable homes though is largely, but nto entirely, a blue run city and state issue. In red states homes can be found that are more affordable, typically.

If young Americans want to find affordable home all to often they have to move to a red state. In red states it is easier to build new homes.

If blue states wanted to see more affordable homes they will need to allow the building of around 5 million new homes, and close the border, allowing much less illegal immigration into the country. Open borders causes problems for American citizen home seekers, as the illegal aliens need homes to live in also. Biden allowed around 15 million new peopel into the country.

 

[Blayt7hh]

it's an attempt to extract the meager generational wealth home ownership has provided to generations of americans. Sorry gen Z and whatever comes after. you no longer own anything.

Yeah it’s almost like a return to indentured servitude

 

[Blayt7hh]

I don't know how helpful this would be for affordable housing. If the 50 year mortgage idea comes about I hope it helps some.

Unaffordable homes though is largely, but nto entirely, a blue run city and state issue. In red states homes can be found that are more affordable, typically.

If young Americans want to find affordable home all to often they have to move to a red state. In red states it is easier to build new homes.

If blue states wanted to see more affordable homes they will need to allow the building of around 5 million new homes, and close the border, allowing much less illegal immigration into the country. Open borders causes problems for American citizen home seekers, as the illegal aliens need homes to live in also. Biden allowed around 15 million new peopel into the country.

It’s not helpful for affordability at all. What a 50 year ends up doing is raising everyone’s purchasing power. Whatever it lowers your monthly payment by is what people are going to see as an increase in their budget. Lowers your payment by $300? Now you can afford a more expensive house by that much.

That quickly works out into everyone offering their maximum for the house they want and doesn’t end up changing anything, except now you’re paying it for 50 years instead of 30. Now you’ll end up with roughly the same house and same payment, but paying for 20 more years.

30 year needs to go away imo and be reduced to 20 year limits. It would cause short term pain for homeowners who would see their home values decline, but it would be much more healthy for the country in the long run.

It’s also just an absurd length of time. If you buy a house at 30, you’re going to be 80 by the time it’s paid off. That’s just silly.

 

[Seano]

Yeah it’s almost like a return to indentured servitude

Lol at this hyperbole. If you don't want a 50 year mortgage, don't apply for one. Rent an apartment instead.

 

[Blayt7hh]

Lol at this hyperbole. If you don't want a 50 year mortgage, don't apply for one. Rent an apartment instead.

You know it’s funny watching someone laugh emoji at me that I had to explain some basic economics to itt. I’m sitting here explaining why this is a bad idea for the country. You’re snipping at me like a little brat.

Btw yes it was hyperbole. Congrats on spotting the obvious there champ.

 

[Oblivian]

It’s not helpful for affordability at all. What a 50 year ends up doing is raising everyone’s purchasing power. Whatever it lowers your monthly payment by is what people are going to see as an increase in their budget. Lowers your payment by $300? Now you can afford a more expensive house by that much.

That quickly works out into everyone offering their maximum for the house they want and doesn’t end up changing anything, except now you’re paying it for 50 years instead of 30. Now you’ll end up with roughly the same house and same payment, but paying for 20 more years.

30 year needs to go away imo and be reduced to 20 year limits. It would cause short term pain for homeowners who would see their home values decline, but it would be much more healthy for the country in the long run.

It’s also just an absurd length of time. If you buy a house at 30, you’re going to be 80 by the time it’s paid off. That’s just silly.

Not disagreeing with any of your points and your logic is on, but I struggle with how many people are flipping out about 50 year as if shit like this hasn't been going on a long time. FHA, USDA, VA, Conventional guidelines being lowered, etc. have done the same thing you are complaining about. I made a post earlier that I see a realtor who hates Trump going on and on about how stupid the 50 year is, yet multiple posts back she's all about these very little down programs, seller paid concessions, buying in a shit market, etc.

 

[Blayt7hh]

Not disagreeing with any of your points and your logic is on, but I struggle with how many people are flipping out about 50 year as if shit like this hasn't been going on a long time. FHA, USDA, VA, Conventional guidelines being lowered, etc. have done the same thing you are complaining about. I made a post earlier that I see a realtor who hates Trump going on and on about how stupid the 50 year is, yet multiple posts back she's all about these very little down programs, seller paid concessions, buying in a shit market, etc.

The answer to that is that I have complained about some of those things. Ive complained about the 30 year loan and that's been going on since like the 70s.

I'm also not flipping out. I'm explaining why it's a terrible idea, but at least for now it's just another off the cuff stupid remark from Trump.

 

[RemyR]

 

[Oblivian]

The answer to that is that I have complained about some of those things. Ive complained about the 30 year loan and that's been going on since like the 70s.

I'm also not flipping out. I'm explaining why it's a terrible idea, but at least for now it's just another off the cuff stupid remark from Trump.

I don't think it's a good idea, but I always try to play devil's advocate. Just looking in my market, the only positive is that it could likely push rental prices down. We have people charging double the amount of rent that they charged 10 years ago simply because they can. The option to buying is simply not better. If monthly payment goes down, we'll have renters entering the buying market and landlords will have to compete. Here, rental prices are absurd. I'm in a fairly cheap area and overall lower income, so there is truly a strong argument that housing has become unaffordable for most. It doesn't mean they aren't getting mortgages though, but I predict a lot of foreclosures.

 

[Blayt7hh]

I don't think it's a good idea, but I always try to play devil's advocate. Just looking in my market, the only positive is that it could likely push rental prices down. We have people charging double the amount of rent that they charged 10 years ago simply because they can. The option to buying is simply not better. If monthly payment goes down, we'll have renters entering the buying market and landlords will have to compete. Here, rental prices are absurd. I'm in a fairly cheap area and overall lower income, so there is truly a strong argument that housing has become unaffordable for most. It doesn't mean they aren't getting mortgages though, but I predict a lot of foreclosures.

In the short term, monthly payments probably would go down a little. In the long term, talking 10+ years, it’s just going to drive prices all around up. It would be temporary relief with poor long term prognosis. The best answers for fixing this he housing crisis are answers that are going to hurt current homeowners by driving down the value of their house. Not really a problem if you never intend to move, but it is a problem if you planned on selling.

I think this country has a real problem with jumping on short term solutions for relief that cause long term hardships.

 

[Beechwood]

One of the worst states for affordable housing is California. California regulations are so bad that it is quite difficult to impossible to build a new home or rebuild a burnt down house. The problem is causing millions of Californians to leave the states for more affordable red states. So many Californians are leaving due to Gavin Newsom's expensive policies that Census projections now show California could lose up to 5 seats in Congress.

So now Newsom and the people of California are going to Gerrymander their state further, in hopes of gaining 5 more Democrat seats. I'm predicting that more people will continue to leave California due to Democrats lousy expensive policies.

California Could Lose 5 Congressional Seats in 2030 Apportionment​

California Could Lose 5 Congressional Seats in 2030 Apportionment - The Census Project

Election data provider Decision Desk predicted that California will �lose

thecensusproject.org

 

[44nutman]

I don't know how helpful this would be for affordable housing. If the 50 year mortgage idea comes about I hope it helps some.

Unaffordable homes though is largely, but nto entirely, a blue run city and state issue. In red states homes can be found that are more affordable, typically.

If young Americans want to find affordable home all to often they have to move to a red state. In red states it is easier to build new homes.

If blue states wanted to see more affordable homes they will need to allow the building of around 5 million new homes, and close the border, allowing much less illegal immigration into the country. Open borders causes problems for American citizen home seekers, as the illegal aliens need homes to live in also. Biden allowed around 15 million new peopel into the country.

The corporate takeover of housing | NationofChange

www.nationofchange.org

You are the perfect Rube. They have you convinced everything is a left/right issue when its corporations who own America.
I will let you in on a little tip. Corporations donate to both sides of the aisle. IF they were so vastly different why are the same companies donating to left and right.
The issue is corporations are buying up all the homes. It is going to be like the company store economy all over again. You work just to pay the company for food, housing and whatever else. The American dream has been bought and its because they have figured out how to divide us.
Corporate home buying continues to climb. Institutional investors bought 15 percent of U.S. homes for sale in the first quarter of 2021, which climbed to nearly 27 percent by early 2025. In some markets, the footprint is even larger: during the third quarter of 2024, investors accounted for 44 percent of all home flips.
This should scare the shit out of everyone except nobody talks about it. Maybe if we could make corporations immigrants or trannys would could finally start getting the American Dream back.

 

[N13]

Yeah it’s almost like a return to indentured servitude

We live in Slavelandia.