Thread 61296579

they're actually going to do 50 year mortgages

>>61296579 (OP)
then 60

>>61296579 (OP)
And what's the problem? Why do all normals get triggered by 50 year mortgages and not 30 ? 20? 10?

Why is real estate an asset?
>Well they're not making any more land!
And what is it that you own?
>A plywood structure on a parcel of land not much larger than the foundation of the structure in the middle of a subdivision governed by an HOA on the edge of a flyover metro. And to clarify, the plywood structure is being held as collateral for the next 30/50 years. If I miss too many payments they will take it from me.
>But look at all of this LAND that I own!

>>61296606
try doing the math on how much interest a 50 year mortgage is

>>61296616
Sure but why that is le bad and not 30 years? It's arbitrary.

>>61296616
Try doing the math on how much 50 years of inflation is

>>61296615
Don't forget the land is filled with pesticides and chemicals, and that you can't grow shit in it.

>>61296579 (OP)
On a pile of sticks and cardboard that wont last 25.

back in the Middle Ages, life was a permanent "mortgage" to your feudal lord.
you know why this stopped? because people began shooting at feudal lords

>>61296579 (OP)
>keep treating homes as an investment
>property taxes keep going up
>middle class golems lose even more money
>can only afford a mortgage on a house far from jobs (and blacks)
>more money spent on cars, roads, fast food etc

Bullish for short-medium growth. SPY bros stay winning.

>>61296693
feudal serfs got to work from home.
wagies are literally treated worse than feudal slaves. kek.

>>61296705
feudal serfs didn't own a home. a serf is a slave. no better than cattle
better learn the difference because we are moving towards that

>>61296712
>feudal serfs didn't own a home.
>implying wagies do

>>61296722
SOME of them do
for now ;)

>>61296615
>>61296649
I trust you two will be sleeping on park benches tonight since you renounce the “plywood structures” we call houses?

its ok to spend 1.5 million on a 500k house

>>61296616
Yeah but the amount you pay each month will be lower so it works out basically the same

>>61296622
do you understand that more years = more interest? this is basic math

>>61296776
lower by like $100/mo
it's a terrible deal that only a con artist like blumpf could be in favor of

>>61296747
>i-it's not plywood! it's oriented strand board!

>>61296788
>lower monthly payments = LE BAD

>>61296579 (OP)
I voted for this

>>61296693
1500 years ago Germany founded the Menschenrechte ("human rights") using the Bauernkriege! But for a long time darkness still remained, the uprising got shrekt quickly at first.

1500! Not 1501 nor 1499!

The wikipedia article was surprisingly interesting, reading it felt like a blockbuster. Christians pushed down the revolts, I have so much rage against the CDU in me, you wouldn't believe it. These germans of 2025 and their votes are insanely stupid. They enslaved themselves by voting the feudal lords into power 1500 years after the Bauernkriege. Now it's bankers in chancellor and president positions in way too many countries. Those are the new wannabe feudal lords.

>>61296829
you're clearly retarded and not worth engaging with

>>61296829
>get molested by dad
>act like this in response
many such cases

>>61296836
>engages with me to tell me I’m not worth engaging with
>but I’m the retarded one
Ok. Enjoy renting

>>61296829
good goy
such low payment *rubs hands*

>>61296845
50 year mortgage if effectively same as renting

>>61296850
>>61296864
If you just DCA the difference in payments into the market you will make a tidy profit

>>61296579 (OP)
>ITT third worlders upset that americhads will own a house

>>61296939
>city wants to build a refugee center where your house is
>forced to sell
>don't pay your taxes on the land you "own"
>home gets taken

>>61296954
>also paying $2,000,000 for a $500,000 house

ban debt
dissolve all existing debts

100 Year Mortgages You Fucking Retard Monkey

>>61296622
bruh.
30 years already double the cost of the house with interest, now imagine 50 years.

Also, if you take out said mortgage in your 30's there is a high statistical probability that the house will never be yours.

>>61296693
it took over a 1000 years to come to an end and only because monarchies were getting in the way of global trade

>>61296579 (OP)
After that it's generational loans.
You see if demand stops making 50 year old decaying buildings go up in price, entire countries will no longer have any 'growth' in the economy. If line stagnates or goes down the entire economy collapses.
Because line went up before it has to continue to do so always or the rich will suicide bomb every single country.

>>61296693
>back in the Middle Ages, life was a permanent "mortgage" to your feudal lord.
And yet the delta between haves and have nots was smaller than it already is today.

>>61296579 (OP)
Moving out of the city at the beginning of the pandemic and paying off my mortgage was the best financial decision I ever made.
Boris Johnson floated the idea of generational mortgages here, so I assume that Trump is all aboard the Build Back Better train and completely out of ideas.