US US Politics General 2: Hope Edition - Discussion of President Trump and other politicians

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Should be a wild four years.

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Ostatnio edytowane przez moderatora:
"RIGHT" WING ACCOUNTS ARE PRAISING 50 YEAR MORTGAGE AS A "GAME CHANGER" FOR YOUNG PEOPLE TO OWN HOUSES

WE ARE REACHING THE LEVEL OF GASLIGHTING UNTHINKABLE IN HISTORY.
I read your comment and thought you were being funny and then I searched and found the proposal and they are serious. WTF?

I can not believe anyone would be stupid enough to do a 50 year mortgage proposal. I’m flabbergasted they are celebrating this.

What’s next? A 15 year car loan for the troubled car industry?
 
I read your comment and thought you were being funny and then I searched and found the proposal and they are serious. WTF?

I can not believe anyone would be stupid enough to do a 50 year mortgage proposal. I’m flabbergasted they are celebrating this.

What’s next? A 15 year car loan for the troubled car industry?
I feel like they are doing these 50 year mortgages because it's supposed to be generational, meaning that you start paying the mortgage and then after you die your kid either sells the house or pays off the rest of the mortgage.
Reckon Asian cultures have been doing this forever so maybe they're trying to get us to live like the japs and take care of our elderly at home instead of putting them in nursing homes?
 
I feel like they are doing these 50 year mortgages because it's supposed to be generational, meaning that you start paying the mortgage and then after you die your kid either sells the house or pays off the rest of the mortgage.
Reckon Asian cultures have been doing this forever so maybe they're trying to get us to live like the japs and take care of our elderly at home instead of putting them in nursing homes?
No. It's the same reason car loans went from a few years to 5 to 7 and now you can find 9 years. It's to pretend the problem doesn't exist for a little while longer.
 
If people were unthinking robots, 50 year mortgages could work.....kind of.....maybe for some situations. But they aren't, and so it won't. It will just shoot up prices because you can afford anything you want one month at a time. People are already taking out loans for down payments.

Buy a house because you want it, not an investment plan. If you will literally not save money any other way, fine. But most people will be better served investing into any tax advantaged plan instead of taking out a huge loan to invest in a single asset.
 
Ostatnio edytowane:
No. It's the same reason car loans went from a few years to 5 to 7 and now you can find 9 years. It's to pretend the problem doesn't exist for a little while longer.
The new normal sucks balls, and I've got a bad feeling that we're going to have a repeat of the 2008 crash.
As long as the market will bear it, essentially. And probably well beyond what it can actually bear.
Fucking held together by duct tape and chewing gum.
 
If people were unthinking robots, 50 year mortgages could work.....kind of.....maybe. But they aren't, and so it won't. It will just shoot up prices because you can afford anything you want one month at a time. People are already taking out loans for down payments.

Buy a house because you want it, not an investment plan. If you will literally not save money any other way, fine. But most people will be better served investing into any tax advantaged plan instead of taking out a huge loan to invest in a single asset.
Sorry, boomers were told buying houses is an investment plan. That means the government needs to keep home prices rising until nobody can afford one. But don't worry. You'll own nothing and be happy! The cricket paste will be surprisingly affordable.
 
Sorry, boomers were told buying houses is an investment plan. That means the government needs to keep home prices rising until nobody can afford one. But don't worry. You'll own nothing and be happy! The cricket paste will be surprisingly affordable.
wait until the indian/chinese bugpeople find out about reverse mortgages
 
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