Thread 520924877

This is absolutely YUUUGE! Trump came up with this brilliant idea to increase mortgages to 50 years instead of the normal 30. This will allow millennials and zoomers to buy homes with lower monthly payments. Genius 10/10 move!

>>520924877 (OP)
Fkn lel, who's going to work or live that long, your children will be paying the debt when you die.

>>520924877 (OP)
As if I couldn't be anymore insulted.

>>520924877 (OP)
Honestly not the worst thing ever done.

>>520924877 (OP)
>This is absolutely YUUUGE! Trump came up with this brilliant idea to increase mortgages to 50 years instead of the normal 30

Guess what? We have infinite duration mortgages in Sweden. This only pushes housing prices up even higher. And our mortgages are all variable rate, with lock in times being 3-5 years maximum. Most people go with unlocked because it has the lowest rates.

>>520925047
Love expectancy is 75. If you buy a house at 25, which is the idea, then the average person will live that long.

>>520924877 (OP)
israel’s ambassador to usa doing his duties as expected

this is by far his worst decision

$300k house at current rates. analysis by grok, can't be bothered to check the math but I can post a big screenshot if you care

>>520924877 (OP)
FDR was terrible so by extension this is probably terrible

>>520925203
This.
>now you can spread the cost over a longer period, lowering your monthly cost
The houses will just go up in price until the 50-year monthly price is the same as the 30-year monthly price.
Trump isn't making houses more affordable, he'd be raising the prices to help those who already own real estate (like...Trump)

this will make houses more expensive

>>520924877 (OP)

More juice for the bankers. Great.

Can you imagine getting locked in to a 50 year mortgage just before the market collapses. Oof.

>>520925253
the retirement age is 67, you will be paying it off while retired?

>>520925352
here's the big screenshot anyways

>>520924877 (OP)
KEK

>>520924877 (OP)
>announce 50 year mortgage
>realtors immediately raise prices by 65%

>>520925352

Hahaha. Some in this thread are actually welcoming their serfdom. Because they have trump loyalty syndrome. Give it up. He wasn’t the droid we were looking for. He sold out on EVERYTHING.

>>520924877 (OP)
So how exactly would this work? Banks would have no incentive to give a 50-year mortgage because even an 18 year old would have to keep working until 68 years old to pay it off, which is 1 year over retirement age already. Every year older the buyer is, the further they would need to push out their retirement. For example, a 25 year old would need to work until 75 to pay off the mortgage.

This really isn't practical.

>>520924877 (OP)
LMAO
It's going to be a 30 year mortgage with 20 years of mostly interest payments.

>>520925169
It's really not. For most people it's about freezing how much they are paying instead of riding the rent coaster

>>520925605
Is what it is

But if people payments are level. Does it matter

>>520925283
all kinds of people are gonna turn their back now.. people he thought he could depend on; when, all they wanted was a place where they could simply remain.. somewhere, in America, ideally.. that's all they wanted.. just, some place to be.. and, evidently, that's too much to ask.. well, ok.. i guess that's what a collapse is.. and, i'd suppose what i've learned now, is that collapse isn't necessarily gradual.. it can be sudden, like a heart attack.. and this is like that.. it's like a heart attack.. because it instantly kills everything; whatever ambition somebody had.. or their desire to go somewhere new... it all goes away, in the blink of an eye.. i never thought that a day like today was possible. i really didn't.

>>520924877 (OP)
bleh, more like a sign that Trump will drag US to hot kinetic war

>>520925114
stinky nigger

>>520925590
>ORANGE MAN FUCKING BAD!!!!!!!!!!!!!!!!!!!!!!!!
give it up kike you missed you lost everyone in the world notices and nobody believes any of your many many lies

>>520924877 (OP)
This is great, the average man benefits without antagonizing Blackrock.

>>520924877 (OP)
wtf I love debt now

>>520924877 (OP)
Median home buyer is 40. How are they going to make payments at 90 years old?

>>520924877 (OP)
if you really want to fix it then do 3 simple things
>disallow corporations from owning homes
>require dwelling owners to live in their home for 6 months out of the year
>prevent apartment building owners from owning more than 2 complexes

>>520925047
>your children will be paying the debt when you die
Working as intended.
But also....
>sell burgers?

>Shills immediately shit on the idea
>They don't elaborate on how to make things better

>>520925352
Well 2045 is only 20 years from now, not 30. So that’s wrong.

>>520924877 (OP)
nice a 50 year mortgage at $13 /hr is affordable. poverty rules!

why even have a mortgage? why even pay taxes? why even have debt/ link the opportunity of home ownerhsip to some state fulfillment ike obtaining a univeristy degree or something

i don't want a house

>>520925593
It's almost like it works hand in hand with the push to up the retirement age, weird.

>>520925879
> Median home buyer is 40. How are they going to make payments at 90 years old
the (bank) will foreclose the house and sell it again to another serf. Rinse and repeat. Aren’t you excited, boy?

>>520925461
>retirement age
no one who is 25 now will ever retire, they will just work till they drop dead

>>520925203
>This only pushes housing prices up even higher.
No shit, Sven?
That really kötts the bullar.

If someone already has a 30 year mortgage, couldn't they refinance into a 50 year mortgage but keep paying the same amount as before and pay off the principal more quickly?

>>520925253
>your house is finally paid off
>NOW UR DED LOL
kys, immediately

>>520925879
They can't, which means they won't get offered these loans at all. The 50-year mortgages would only be offered to young buyers, likely under 25. But even then, they would ALL need to work past retirement age. See >>520925593

>pic not rel

>>520925593
Kek are you retarded? Nobody who will need to resort to a 50 year mortgage to buy a house was ever going to retire? They will work and make payments until they die.

why the fuck have they not deleted this shit? it's because he's actually serious isn't he?.. what a fucking idiot. after all this time.. he does this to people? fuck that shit

>>520925376
Sane burger right here.

>>520925975
this
YOU WILL OWN NOTHING

>>520925916
This means someone that couldn't afford to pay $500,000 for a shitbox now can. So they will, which means all the other houses in the neighbourhood will increase in price, and soon 50 year mortgages will be the standard because no one will be able to afford the 30 year mortgages. The next step is life-long mortgages. Then generational mortgages.

>>520925879
It would be antisemitic to die before it’s paid off

>>520926160
>The next step is life-long mortgages. Then generational mortgages.
it's like mortgage debt slavery

>>520926098
it's a 600 month deal. six. hundred. months. so tell me, what happens when somebody misses just one month, out of that 600. what happens to them?

Modern houses won’t even last 50 years.

>>520926238
Yea they want people to never stop working. Basically slaves

>>520926076
Exactly the point I was making. This doesn't work under the current retirement system, but it does once that's raised (or even eliminated), which I think is the eventual goal.

>>520925593
Trump is probably talking about the FHA underwriting 50 year mortgages.
The FHA currently doesn't due this because they are too risky. Much greater chance of the borrower going underwater on the loan and defaulting, you don't start to accumulate much equity until halfway through the loan term.

Incentivizing 50 year mortgages would be another step towards total debt cattle slavery.

>>520924877 (OP)
Falling for it again, eh?

>>520924877 (OP)
I have a 2000 year mortgage, it's with the Bank of Heaven and signed by God
>We're winnin', son. Now pack your shit, Chuddy, I mean, Buddy!

>>520924877 (OP)
I’m an appraiser and 50 years is the maximum economic life of any modern American home, if I’m being generous

by the time you’re done paying your house will basically be the ship of theseus with what you would have to spend to keep it marketable

>>520925362
FDR was by far the best president we ever had, retard. It's been all downhill since his death.

The hard truth is there is no way to make houses less expensive. First of all, as long as homes are purchased with mortgages it means demand is underwritten to infinity with debt. It’s constant upward price pressure. Second, there’s a natural incentive for people to buy houses because cash savings are worthless and capital flows always seek out real value. So we have an economic system designed to send home prices up. All making a mortgage more accessible will do is make home prices more expensive because now you have even more bidders. You can suppress cost increases by building more houses and deporting immigrants but the natural upward pressures of debt financing and capital flows remain.

>>520924877 (OP)
It's just gonna make it more expensive for longer isn't it. Legalized the enslavement of Americans for 50 years over 30.

>>520925169
Defending jewish pedophile billionaires is worse, but this proposal is still extremely bad.

I CANT WAIT TO BE A SLAVE TO JEWISH BANKERS YESSSSS

>>520925047
You can always pay more. At least people would have the option instead of renting

>>520925469
no one will ever respond to you because they dont care.
they just want to pretend like they arnt the problem.

I saw it man.

>>520926356
They used to build homes that last. It's why you still see pre-war structures still standing. They would use stone foundations and high quality wood. Now it's all cardboard and concrete that cracks as soon as it's poured.

>>520926430
they idea is to pump air into the bubble
it is already over, they are looking for exist liquidity

>>520926303
It doesn’t work under any retirement system. A 50-year mortgage is quite literally a lifetime of debt slavery. By the time you pay off the house after 50 years you’ll have paid in so much interest that whatever you can get by selling the house would be a fraction of what you paid in just interest.

>>520925590
>wasn’t the droid we were looking for
neck yourself, faggit nerd

The bum on the rods is hunted down as an enemy of mankind
The other is driven around to his club, is feted, wined and dined

And they who curse the bum on the rods as the essence of all that's bad
Will greet the other with a willing smile and extend a hand so glad

The bum on the rods is a social flea who gets an occassional bite
The bum on the plush is a social leech, bloodsucking day and night

The bum on the rods is a load so light that his weight we scarcely feel
But it takes the labour of dozens of folks to furnish the other a meal

As long as we sanction the bum on the plush the other will always be there
But rid ourselves of the bum on the plush and the other will dissappear

Then make an intelligent organised kick get rid of the weights that crush
Dont worry about the bum on the rods get rid of the bum on the plush

>>520926243
>what happens to them?
They get foreclosed on and booted from the house and can continue enjoying life in general homelessness.
As G_d intended, it seems.
Mind you, this has worked WITHOUT ANY ISSUES before.
During the GFC+ millions [UPON MILLIONS! /TheRock] of Burgers moved out of "their" properties straight into general homelessness WITHOUT MAKING ANY FUSS WHATSOFUCKINGEVER!
>inb4 oggubai wall street
...which was a globohomo controlled opposition relief valve.
All in retrospective, of course.
True nonetheless.

>>520924877 (OP)
kike promoting the tumor droppings of a failed casino owner

>>520926356
in my experience, most people remodel most of the house before they sell it anyways, whether they had a 15 or 30 year mortgage.

Remember when they were talking about freeing up public land to build homes on and then they turned around and sold the exact same land to oil and gas drillers?

>>520926322
LOL just print the money
As is the origin of all that came before, as well.

>>520924877 (OP)
Your house is supposed to cost 3 yearly salaries.
THREE QUARL

>>520926532
Good point. Looks like the end of retirement altogether. Yet another amenity that the boomers took advantage of and then rugpulled for the next generations.

>>520926356
Can you give a rough estimation of how many times on average you've bought your house all over again during a 50 year time span just on maintenance alone?

>>520926634
yes.
gave 40 billion to Argentina and told our own citizens to starve over 6 billion.

>>520924877 (OP)
50 fucking years

i bought a house on 30 years, and if i kept on track it wouldve cost me 250% the purchase price

the bank tried to get me to buy an EVEN MORe expensive house because i am a high earner. fuck this shit

>>520925980

good to know

>>520926395
>oy vey! nothing can be done go---... friend.

>>520926817
shitskins, illegals and anchor babies aren't people

>>520926357
lmao

>>520926532
>WORKING.
>AS.
>INTENDED.
anon, are you daft?

>>520926357
facepalm

yes the progenitor of the administrative (deep) state and cornerstone of kike power sure was great

I'm 37. This doesn't help me.

>>520926817
Thas rite.

>>520924877 (OP)
If you think this is a solution, lol. There's a short of housing, decreasing prices by creative accounting doesn't change that. Buy a cheap lot and have your own house built. Prebuilts are expensive? Go have own built then. Yes, you can get costs below price of a new prebuilt.

>>520924877 (OP)
Nice, now you can get at house at 25 to start your family. Pay it off by 75 and retire. Golden!

>>520927166
Yes anon. Tell the service industry nation full of office dwellers to build their houses individually with their own fucking hands.
Sure.
>inb4 I can do it and have plenty o times
I am sure you have, please don't even respond to this point.

>>520924877 (OP)
Fix amortization, the most Jewish fucking thing ever in history ever
TKD fuck you kikes!!!

>>520926430
>Average 15 year interest rate is 5.7%
>Average 30 year interest rate is 6.3%
Let's err on the low end and say the average 50 year rate will be 6.9%. Let's also round down the average home price to an even $350k and toss in a down payment of $70k.
>30 year monthly price = $1733 a month
>50 year monthly price = $1663 a month
The 30 year mortgage ends up costing you $623,880 while the 50 year costs you $997,800.
Certified pure judaism.

>>520927339
>fix amortization
Or maybe stop spending your money on retard shit and pay extra directly to the principal each month.

>>520925824
kys you smooth brained kike lover

>>520924877 (OP)
>inb4 they just 20 years of the same rate

>>520924877 (OP)
>30 years mortgage
>you end up paying double of what the house is worth
>50 years mortgage
>you end up paying quadruple of what the house is worth
>interest rates are so high anyways you will not be able to pay them on any normal job anyways
Fixed?

>>520927359
Post reported to the IDF

>>520926888
thought we deported all them?
you guys gotta pick a narrative to follow.
what did i just waste 800 billion dollars doing if there are still illegals?
the ballroom!?

>>520926888
its also wild you would support giving argentina 40 billion dollars and assume your own countrymen pieces of shit.
maybe you shouldnt be here.

>>520924877 (OP)
gr8
inb4 this is somehow literally fascism again

>>520926941
>cope laugh
>>520927028
>yes the progenitor of the administrative (deep) state
"The deep state" was objectively much more of a creation of Truman, Eisenhower and George W. Bush than FDR.
>cornerstone of kike power
This doesn't even make sense. Corporate and banking power was brought to heel under FDR.

>>520927359
MIGApedes will defend this.

>>520927522
>still doesnt know what a currency swap is
i bet
sit tf down retard
the only one at risk there is argies, and thats only if milei gets juntad (a non-zero possibility on the argentina).

>>520925469
on the bright side you will gain equity which you can use to pay off your house quicker.

>>520927166
In most areas you literally can't spend less on a house per sq/ft than in a generic subdivision.
Unless you are a general contractor yourself, you are paying someone for the skills/liability/bullshit tolerance that goes into building a house.

>Buy a cheap lot
No such thing, you are paying for the engineering and legal prowess to create the lot.

>>520927441
>Fixed
As in rigged

>>520927332
Latvians do mostly build their own homes. We can and we do.

>>520925047
or the bank gets the house and made a killing.

>>520924877 (OP)
you will never sell this to a 20 yr old and tell him that he'll pay this house off when he is 70

these retards are completely out of touch

>>520925283
>interest rates are too high and good paying jobs have been made rare by h1b abuse
>obviously the fix is increasing debt slavery
jej hes going full mask off kike agent

>>520925980
I know this when I turned 18 and they were talking about privatization of social security. Yeah I'll just work until I drop dead.

>>520927752
Makes sense

>>520924877 (OP)
holy based
death to america

>>520927708
>>argentina is a terrific invesntment!
so sick of crypto faggots.
go bet on corn futures faggot.

The real reason your houses cost so much is zoning laws and other regulatory bullshit, as well as bloated union wages.
Let the people manage their own properties, be it via buying a prefab or building their own home, and that's it.
Also, give commieblocks a chance.

>>520924877 (OP)
>20 more years of debt slavery
>it's good for you
bro

>>520926610
they do this because housing construction workers are fucking weak and retarded and mostly brown so due to Jewishness, and the wood sued is piss poor quality.

>>520927988
What choice does a 20yo have? Living with parents forever?

>>520928124
buy your own block of concrete? Nah I'll rather live in a teepee.

>>520924877 (OP)
What he needs to do is get congress to pass a law making it a felony to rent or employ to an illegal alien. The sheer amount of them are distorting the housing and job market.

>>520928071
see? i knew you were retarded
argentina isnt the investment in that play.
the """investment""" is that argies peso will deflate. and it will, because milei is doing gigamaxxed austerity. were literally not even "down" $40B, because its a swap. youre just a retard pissing his panties over something he doesnt understand
i repeat
sit tf down you dumb nigger
stop fearmongering about shit you literally cant comprehend

>>520924877 (OP)
what’s next? 20+ year car loans?

>>520928124
>zoning laws
not as bad as you think
>and other regulatory bullshit,
yes completely annoying. there's guidelines and then there's trying to assemble housing quickly that is needed. it's shocking that rich people will shit all over regulations and get away, usually clear cutting trees.
>as well as bloated union wages.
nobody building residential anything has unions. only select parts of urban.
>Let the people manage their own properties, be it via buying a prefab or building their own home, and that's it.
prefab is sane if you are getting the right material or yes DIY is easier than everyone thinks.
>Also, give commieblocks a chance.
kinda. zoning in the US has saved us a lot actually, but commercial zoning is placed with complete aids of boomer tier 1950s guy fieri drivers dine ins and dives. they should delete all commercial zoning and start over.
one of the worst parts is the complete lack of waste treatment. it all goes into the ground.

>>520924877 (OP)
this is indentured service by the way. you'll be paying more several times more in interest than what the house costs

>>520928379
I see.
We're gonna make so much fucking money man.
FUCK YEA.

>>520926481
a mortgage is the exact same thing as renting, only in the past mortgages were lower than rent, which made them more attractive

it's not like that now

>>520925203
Yeah idk how anyone thinks this is a solution. When you increase access to limited supply the price increases. The only answer is to tax all 3rd+ properties 10000% and outlaw institutional home ownership
This increases supply ridiculously

>>520924877 (OP)
>I want shit that I can't afford RIGHT FUCKING NOW.
OK, here's a 50 year note on a home that even a nigger like you can swing the monthly payments on.
>NOOOOOO not like that!
You should probably just move to NYC, I hear the mayor there is just going to seize all the property from rich people and give everybody free houses.

>>520928203
why not? countless countries do this exact thing around the world

We should have multi generational loans, 50 years is too short.

>>520926050
Keep in mind that 75 is the average (for males), so if they start at 25, it's a 50% chance that they'll die BEFORE paying the house off

>>520924877 (OP)
you need to be 50 IQ to think a 50 year mortgage will be significantly more affordable.

$300k mortgage @ 7% for 30 years is $2k/mo.
$300k mortgage @ 7% for 50 years is $1.8k/mo.

however you will get assraped on interest. the 30 year is $300k principal + $418k interest. the 50 year is $300k principal + $582k interest.

>>520928416
>zoning laws
>not as bad as you think
If you want to do one-off ANR's. If you want to develop any amount of contiguous lots you basically have to be ready to sue the town when they inevitably pull some illegal bullshit.

it's a strange post. i don't think that he admires FDR. there's some deeper meaning here.

>>520928508
and probably die before the loan is paid off anyways LOL

and then they'll nab another sucker for a 50-yr loan for a house that isn't worth it by then

>>520924877 (OP)
>please don't look into the total interest payments
Killing all the illegals and building more houses would be far more effective, but wouldn't allow the jews to profit as much, so we can't do it

>>520925399
cool it with the antisemitism

>>520928379
So you know the reason i said corn futures is because i knew the investment was the peso.
The reason i said corn futures is because it would be investing in america and provide incentive to.....every single market since corn moves our world.

It was actually a lot deeper than I think you understand. It deeply hurts me as a person that i had to explain this and you were literally fuming at the mouth to such a degree that you missed literally the entire context of 3 sentences.
it kinda makes me mad too.

>>520925399
The leaf is the only non-Jew itt

>>520928773
>>520928379
of which, every investment mentioned was speculatory investments.
corn being more american centric.
your literally betting against your own country. its super jewish.

you know that 40 billion dollars is directly connected to the Argentinian peso now right?
you intertwined american money, to the degree of 40 billion on the sucess for a foreign competitor. and with that money he sold beef to china and stole our market or something lol.

WILD

>>520924877 (OP)

imagine a 50-year mortgage for a cardboard box, on land leased from the government via absurd property taxes.

yet, these brownoid ameripoor faggots will not only insist they're "white", but that the rest of us should be more like them. fuck me.

>>520924877 (OP)
Can't wait for multi-generation mortgages.

>>520928958
the average modern house don't last 50 years anyway
what give

>>520924877 (OP)
lol, only a idiot would mortgage anything unless you already have millions in savings. if I cant buy my house outright with my salary then I am not participating

50 fucking years for this shite, kek. ameripoors are the thickest cunts in the universe, perpetually mogged by their kike overlords.

https://www.youtube.com/watch?v=sB-P8HnkvKo

https://www.youtube.com/watch?v=IftnB9XzYfY

>>520928999
Would the banks force you to reproduce if you didn't have a heir by the time you were 40?

>>520928570
You are such a disgusting kike.

>>520928958
dont forget the death etymology in a word like MORTgage. maybe we shouldnt enter death contracts

>>520924877 (OP)
This is the default mortgage length in Sweden. This has, believe it or not, not been particularly helpful for housing affordability.

>>520925047
They would sell the house and collect the difference if they didn't want to continue the mortgage.

But definitely with a 50 year mortgage you would want to know the terms of passing the mortgage to your kids; currently some mortgages stipulate that inheritors need to renegotiate the mortgage at the current interest rate if they want to continue it. Others allow them to just take over the existing mortgage. Different states have different laws around that.

In any case this gets more people into houses but doesn't fix the actual issue. Prices will rise a lot because of new demand, mainly among poors with bad financial sense to boot

>>520925593
they know that, they want to give you a loan knowing you'll eventually default and by that time they'll get their money back plus deed to your property and still have you on the hook via collection agencies.

>>520928727
It's just another level of jewish scheming. Jews want people to become even greater debt slaves and Trump is acting like it's actually some socialist policy by invoking FDR.

>>520924877 (OP)
>50 years in debt
Well, that's one way to solve things, for jews to milk goyim.

>>520929156
I'm really shocked.

>>520924877 (OP)
The limit to this is the interest-only loan.

A mortgage is an annuity the 'borrower' writes and sells to a bank at present value. An annuity's present value is the difference between the present value of a perpetuity starting today and a perpetuity starting at the end of the annuity period, with cashflow and discount rate being equal.

>>520928710
Think of the poor banks anon, how will poor Schlomo Shekelbergowitz rake in more payments, if you pay off the house in a mere 30 years? Much better to keep the goyim as debt slaves for basically their entire lives

>>520925203
That's just sounds like rent but with extra steps.

>50-year mortgage
I’ll finally pay off my home at 84 years young

>>520924877 (OP)
>buy house at 30 on a 50 year mortgage
>pay on house entire life, never be able to afford to retire due to mortgage payment
>die at 77
>bank reposes the house when you die due to non payment
>bank sells it to another 30 year old on a 50 year mortgage and repeats the process
And that’s not even getting into how many times over you’re going to pay for that house on a fucking 50 year mortgage. Holy shit I hope someone is just memeing.

>ill be a slave till im dead instead of till im enfeebled
nice

200k to build a house, why the frick yall buying prebuilts or renting

>>520929397
yeah but technology will extend your life so you can pay usury and slave longer
you got that going for you

I pay less owning than renting. How about making it so I see a for sale sign on a house, pay the person, and they hand over a title instead of the weeks of bullshit banks/realtors/title agency's.

>Yeeeeeepp, I took a second job up at the Sphinx as the night shift safety manager, but in about fifty years, this girl will be alllllllll mine.
The American Dream lives on

>>520929425
>200k to build a house
sq.ft?

>>520924877 (OP)
check out my 50 year mortgage niggas

>>520925590
You're right
>>520925853
Shill

>>520927522
show me where i said i support giving foreign countries money you stupid wetback

>>520929156
>This is the default mortgage length in Sweden. This has, believe it or not, not been particularly helpful for housing affordability.

the difference is that interest rates are very low compared to jewsa, and there aren't ridiculous 2% property taxes that adjust annually for "market value". the mutt lender forces you to take out expensive (((insurance))) cover as well. housing is a gigantic scam in muttmerica.

>>520924877 (OP)
Lol what the fuck

>>520925853
Also you type like a hasbara bot
Weird how that is going around calling everybody Jews while repeating meme words and defending captain Israel

>>520924877 (OP)
kek this country is so fucking dead

>>520924877 (OP)
yeah we can make cars cheaper too by making them 10 year loans. why not right

slave revolt incoming

>>520929604
lul

>>520924877 (OP)
indentured servitude

>>520925047
>your children will be paying the debt
I have an idea

>>520929863
I voted for this, shitlib!

TRUMP WON, you lost

>>520929501
My wife is a realtor. She hates it.

drumpf was trying to pitch 100-year treasuries with zero coupons, in exchange for military assistance. see: mar-a-lago accord.

peak thirdie nonsense. i'd expect nothing less from credit-downgraded ameripoors... over $50 trillion in debt within the next three years due to the "big beautiful bill". i need to update picrel, it's over $38 trillion today.

>>520924877 (OP)
>This is absolutely YUUUGE! Trump came up with this brilliant idea to increase mortgages to 50 years instead of the normal 30. This will allow millennials and zoomers to buy homes with lower monthly payments. Genius 10/10 move!

fuck this zog bitch. Housing prices are going to sky rocket, and the

>>520925376
Sure, now the property barons and slum lords can afford ~60% more properties going from 30 year to 50 year mortgages since the costs are spread out more. No reason not to scale up business and rent seek from even more wagies.

this raises realestate prices, it is a bailout for landlords
is quasi serfdom and makes sure the US government will be violently overthrown in the future, rightfully so

very dumb idea, can only advice against it the mechanism is horrible

>>520924877 (OP)
>verizon wireless is connecting your call
>>520924054

ok libs you convinced me, maybe trump is really retarded

>>520924877 (OP)
The entire economy is going to fail in less than a decade anyways. Just debt max until it collapses.

>>520930116
they moment the fed stole the value of the world and promised fake gold was when it collapsed
you have a debt default when the french started a sovereign actor run on the US gold reserves

>>520924877 (OP)
How about a thousand year mortgage

>>520924877 (OP)
ha! we have negative amortization here in Canada and nobody even notices or cares.

Late stage capitalism. We're watching the failure.

or better yet, multi-generational 80 year mortgages like Japan does.

KEK

>>520930422
they should just ask for your first son and call it a day

>>520925916
>They don't elaborate on how to make things better
1) Abolish property tax for primary residence and 2 acres of land.
2) banks must offer 0% interest for first time home buyers up to $300k for 20 years. Failing to pay off the loan in 20 years will cause interest to be charged.
3)Unfederalize mortgage rates - allow each state to set its own mortgage rates.

Done. Affordable housing for you and me.

>>520930271
Once the interest on our national debt surpasses the tax revenue, it’s over. Total economic collapse. The US government defaulting on their debts would likely fold the government as well. Accelerate.

>>520930420
>capitalism
See >>520926933 fagit nigger.

>>520930343
That’s how Scientology does it with your soul.

>>520930498
someone hire that guy

>>520925169
Instead of removing non-American shit coloreds who live on our stolen tax dollars hes enabling more ursury and hyperinflation.

>>520925047
The goal is to get people on the property ladder, thus giving them vested interest in the community + the country at large and maintaining the status quo

>>520924877 (OP)
>30 to 50 year mortgages

>>520930498
>allow states to set mortgage rates instead of ~~Israel~~ (((the federal reserve)))
That might be one of the most antisemitic ideas I’ve ever heard. Wow. Just wow.

>>520924877 (OP)
It's cheaper to have a holocaust.

>>520930669
Also going back to only landing owning males being able to vote.

>>520925900
The kikes and their shit colored golem have to go first.

Who else is gonna hobomax and ride the rails from town to town, painting chicken coops and picking apples during Great Depression 2?

>>520927676
>This doesn't even make sense. Corporate and banking power was brought to heel under FDR.
I think he means Hitler and Europe, retard.

>>520930498
Nice fantasy bro
>1.
Who pays for sewer maintenance
>2 + 3,
Who pays for the mortgage insurance

>>520925352
>>520925169
>>520924877 (OP)
>>520925593
>>520928710

A $300,000 house at 6% for 50 years is $1,200,000.

Goodbye, appreciation! Goodbye, equity!

>>520924877 (OP)
>be a slave to the system for 50 years instead of 30
lol

>>520930307

precisely. that was a brilliant move by france. the world's rapidly approaching a similar consensus with the bogus petrodollar. it's only a matter of time until confidence is completely lost and the system goes tits up. ami living standards will plummet to argentina-tier overnight, kek.

it couldn't have happened to a nicer bunch of cunts. exporting inflation with impunity for half a century, living far beyond their means.

>>520924877 (OP)
>announces intention

>>520928552
Well, that is what happens when you listen to basement dwellers and "debt max" while destroying your credit. Enjoy.

>>520925169
Yeah it’s terrible in every way retard. It’ll make home prices go up even more and mean that most people will never actually own a house, just be eternal debt pay-pigs for Jews.

>>520924877 (OP)
You know housing is effectively free for Jews in Israel?

>>520924877 (OP)
Sometimes I totally understand and empathize with Jewish behavior lmao lol

>>520924877 (OP)
in nyc chinks get 200 year mortages through their chink banks

>>520931164
Jews also get 0% mortgages in the US

>>520930939
>Who pays for sewer maintenance
Sewer maintenance like electricity is a commodity paid by the home owner.
>Who pays for the mortgage insurance
It’s included in the total loan (up to $300K) calculated for 20 years.

>>520924877 (OP)
Good, as long as they actually give me the mortgage, since the problem for me is that the kike bankers say I can't afford it.
Who cares about the extra interest since I can just refinance later anyways.

>>520930498
>banks must offer 0% interest for first time home buyers up to $300k for 20 years. Failing to pay off the loan in 20 years will cause interest to be charged.
Literally untenable, completely unrealistic Venezuela-tier public policy. Even Mamdani wouldn't propose this.
>Um quit being greedy and Jewish?!?!?!
At zero interest it's not even that. Keeping the lights on at the branch location isn't free. Mortgage companies are still businesses with expenses, they get their money from charging interest. And first time buyers are always the riskiest at anything. You're asking for-profit businesses to make zero money off of a huge financial risk for 20 YEARS. They'll all just close up shop if those are the rules.

If you want zero interest it has to be a government product or at the very least a government-backed product that the bank can't possibly lose money on, where the government steps in to pay every last dime of any uncollected funds at the end of a foreclosure, including the foreclosure fees.

And keep in mind that the federal government backing student loans is what caused them to spiral out of control into a completely unmanageable debt crisis that's destroying a generation.

>>520925203
Why not 1000yr loans?

>>520924877 (OP)
Kek, zoomers and millenials will be wage slaving until their 80s and will end up paying even more

>>520930957
That is an annuity with present value of $300,000, of at most $1,579/mo for a total cashflow of $947,157 after 600 payments, continuously compounded.

>>520925047
Wrong. A fixed rate mortgage is the best thing you could have in an environment of high inflation.
By the time you are making the final payments on the house the dollar will be so devalued you’re essentially spending your bus fare on the principal and interest every month.

>>520925047
UK/EU already do this.
It changes nothing for people who are saavy and thrifty with their finances. Plebs will always be in debt.

>>520924877 (OP)
3 more years of this orange pedo nigger

>>520925169
truuuuue. protecting pedophiles is still #1

>>520925352
Look goy, do you want to brag on Facebook how you own a house or not?

>>520925879
The median home buyer age is now 59 years old, anon.

https://nypost.com/2025/11/05/real-estate/median-age-of-first-time-us-home-buyer-hits-shocking-new-high-as-dire-state-of-real-estate-market-is-laid-bare/

What is his problem

>>520931276
>public amenities are a commodity paid for by the homeowner
So like a property tax?
>borrower pays mortgage insurance on a high risk loan
Bro

>>520924877 (OP)
>oy vey goyim now you can be in debt for even longer! look how generous I am!
let me know when TKD starts, all other discussion is pointless

>>520931702
Clearly our system is working!

>>520925584
Realtors don’t want higher prices. They want more turnover. It’s in their interest to get sellers to take the lowest price because that gets the home sold quick.
The biggest pain for a realtor is a seller who “knows what they got” and won’t drop their price to market levels so the home sits on the market for 18 months. It’s not worth the extra $1600 commission if it means the house takes 12 months to sell instead of 2 days.

>>520931745
He doesn't understand how anything works because he has had a golden spoon in his mouth since the moment he was born.

>>520928386
I think the mexcreants in our country already do this.

>>520931349
>Literally untenable, completely unrealistic Venezuela-tier public policy. Even Mamdani wouldn't propose this.
Kek, nigger they do this with credit cards (0% APR for 18 months and shit).
This can also be done with regard to housing. Like 0% APR for 240 months followed by whatever mortgage rate is set by the state if the loan is not paid.
Banks will make money on securities and futures, don’t worry about them like.

>>520931745
His biggest donations come from jews.

>>520925590
You don't have to get a 50 year mortgage, it would just be an option, jewboy

>>520931797
For boomers. Yes. However when the shit hits the turbo prop propeller and the economy is going to implode and the boomers quickly expire because they're isn't adequate medical care in this third world shithole. You are going to have the same problem as Italy and Japan have with excess housing

>>520931164
Not one more cent of white taxes for kikes or shit coloreds.

>>520931753
>So like a property tax?
You consider paying your internet and electricity bills as property taxes? Retard.

>>520924877 (OP)
the housing market will go to shit in usa.
may be worth buying a house short term, but the market would be beyond fucked.
50 years is a lot of time to not own your property.

>>520924877 (OP)
In 50 years whatever the monthly payments are now will seem like alot less. You could buy a brand new nice car for 4000 bucks 50 years ago.

>>520931939
You are financially illiterate, 0% APR is if you pay on time. If you pay late, you pay 30%

>>520932046
those are private amenities

>>520929156
So you also pay 15,000€ a year property tax?

even 30 year mortgages are scams. It should be reasonable to afford the payments for a 15 year mortgage.

>>520929135
So the bank will assign me a debt slave wife to make kids? Damn, they are our greatest ally indeed

>>520924877 (OP)
Fuck fixing the actual problem just pile on more debt for longer with lower interest that will fix everything I fucking hate this planet

>50yr morgage
Millenials are going to get boomer homes with their parents help while the rest of us can't afford apartments thanks to corporate take overs and nationwide insurance policies.

>>520932082
it's a bit worst than that
unless you build a new house the average house in the US last 50-100 years
if you buy a used house made in the last 10 - 20 years you're buying a product that will not last the length of the payments
it's like buying a car on a 10 years loan knowing he's going to break in 5 and you're going to have to put significant money on it to keep it going
the whole thing is absurd it can't work

ameripoors will be picrel soon, with a 100-year mortgage.

>>520931939
The banks just take fees for creating the loans. They don’t care about the debt after that. We all get to “invest” in the mortgage market through mutual funds and pensions and retirement accounts. Institutional money end up on the hook while the banks run off with the bag.

I wonder if his buddies at blackrock came up with this plan since they are the ones who bought up all the residential properties. Did they buy those up so they could house illegal aliens? Now that Trump is deporting them all do they have too much residential property after deportations?

>>520924877 (OP)
Thats not a solution

>>520924877 (OP)
This just ensures you die with the house not paid off so the (((bank))) gets it.

>>520925253
>rent your entire life
>equity taxes at 50% on your death

>>520932431
Its a solution if you believe things will be better down the road, or if you want to kick the can down the road if you believe it will be worse. So either way its better, but both ways are only buying time.

>>520932378
Notice how the anti-natalists never kill themselves.

>>520932460
You could sell your home and keep the equity. Plus a home in 50 years will cost a hell of a lot more than they do now, so you could sell the house down the road for a profit even.

>>520924877 (OP)
only way to fix the housing crisis is ban airbnb, faggots buying up all the affordable homes to rent them as vacaation spots is a problem in my state at least.

>>520932628
A home in 50 years, in America, would require a complete renovation. Mortgage rates and home prices are also far above the average income.
Add in property tax, any city fees, maintenance, any other personal bills, and the average person will be paying for it their entire life.

>>520932628
people who believe in infinite growth should be publicly shamed what a dumbass ideology
numbers need to go upppppppp

>>520932679

why not just ban faggots instead?

>>520929703
you silence and encouragement at the 40 billion to argentina
Here >>520927708
and here >>520928379

Both times you are absolutely invested in argentina

>>520924877 (OP)
Trump and company are spooked by recent democrat wins, they're finally trying to appeal to the average joe but are so out of touch that this garbage is what they come up with as "solutions"

>>520924877 (OP)
Banning usury would solve a lot more.

>>520932217
>You are financially illiterate
Let me guess, you’re a gen x with a degree in “economics”?
Kek, I can spot you freaks from a mile in any crowd, your physiognomy is telling - a mask of intelligence on top of a generic retarded face. Fucking midwits.

>>520932787
Yep, if they keep pushing more jewish debt slavery then commies will unironically win.

>>520932679
Its all immigration and blackrock driven scarcity. Legal, loophole legal, and illegal immigration of poor people are the cause of this.

>>520932420
Tell this to that financially “literate” gen x freak.

>>520929703
you literally told me i was retarded because i said to trade corn futures and continued to defend 40 billion to argentina.

>>520924877 (OP)
doing anything other than allow houses to crash to affordable levels lol

>>520924877 (OP)
>Average age of 1st time homebuyer is 40
>$400,000 loan at 6.5% interest, you'd go from about $2,530/month on a 30-year term to roughly $2,020 on 50 years

More Duper's Delight from this bastard

Over 50 years, you'd shell out nearly double the total interest ($576,000 vs. $311,000 on 30 years), with equity crawling so slow that after a decade, you might only own 10-15% of your home outright.

The real solution is for congress to BAN private equity or investors from single family home purchases (BOTH cash and credit)
In addition, congress could set a FIXED RATE, independent of the 10 yr note, let's say 2% 30 year mortgages

>>520932787
Hes been in office for 9 months, he will get to it soon hopefully once he gets untangled from the geopolitical bullshit.

>>520932938
Think of how much Trump has invested into real estate, no shit he doesn't want prices to crash.

>>520932403
>the whole thing is absurd it can't work

precisely. additionally, jewsa is an incredibly unstable country. it's essentially on par with south africa. the average mutt changes house every seven years, and "good neighbourhoods" turn into picrel overnight. there's no way that country's going to exist another half century in its current form. something's going to break. the writing's on the wall, like soviet union in the early 80s.

>>520924877 (OP)
ULTRA MAGA

>>520932950
Trump hasn't done shit for the american people in almost 5 years he was in office.

>>520925824
choke kike

>>520933144
The US is definitely destined for balkanization.

>>520930662
>instead of giving us each a billion dollars, he's fuck us with a truncheon, just like he promised
Got what ya voted, didn't ya.

>>520925593
The entire point is that you are never able to service the loan to completion.
Literally part of the "you will own nothing" agenda.
It gives the bank 50 years for you to fuck up, and they can take the property back and "sell" it to the next sucker.
Pretty sure this is how some shady used car dealerships operate.

>>520925469
>Minimal to non existent dent in monthly payment.
>Mr. Shekelberg makes almost 2x's as much in interest
All of this is predicated on someone wanting to buy boomer fart boxes at 6x's their real value. These valuations and a shrinking population size cannot coexist.
This requires 10's of millions of immigrants every year.

>>520924877 (OP)
Rent from the bank for an extra 20 years and if you survive maybe start building a life.

add "nigger rich financing" to the list.

>>520932787
They're not out of touch. They know exactly what this is - another way for the jews to extract shekels from the goyim with much higher interest payments over the course of a 50-year mortgage

>>520925469
>you save 126 a month
lmao

>>520924877 (OP)
>be me
>buy home
>in debt until my early 80s
damn I love modernity

>>520928552
In the end most people will never pay it off if it's spread out over 50 years because how many people pay more than the bare minimum? Not very many. Then when they lapse the bank snatches up the property and sells a death pledge to some other dupe who can't pay it off either, so on and forever until the sun explodes.

>>520933369
that one is utterly insane tho
it's asking a generation to pay 3 houses in interests to get 1
you legit end up paying for 3 houses just in interest
plus your house of course
holy fuck

>>520933460
Boomers will suggest literally anything other than lowering the price.

>>520933551
This. They will still get the same amount of money, or more, and call you lucky they're willing to give you such a great deal. Boomers are very jew-like because they were raised by the talmudvision.

>>520925376
Remember when magats thought that a vote for trump was a vote against the whole "you'll own nothing and be happy" thing?
Lol, lmao even.

>>520933601
Good point. Lowering the price is probably antisemitic.

>>520924877 (OP)
I have an ever better idea. Why not a 1000 year intergenerational morgage!

As corny as it is...
The elites would rather do ANYTHING except deport foreigners and block them from buying property

Go compete in paying a 50 year loan of $300k (you will pay $5 millions anyway) with shitskins bringing their entire extended family to pay that 50 year loan in 5 years with 10 incomes + welfare + tax evasion

>>520924877 (OP)
Do normies really treat mortgage like a static bill? I've been paying every spare cent into the house to pay it off early. Already saved nearly 25k of interest, and if I keep up the pace I'm saving another 20k by the time it's done

>>520924877 (OP)
Nigger

>>520925853
>you lost
Lmao, the biggest Jew supporter is in charge of the U.S.

>>520933669
Deporting illegals and significantly reducing all forms of immigration is the one card we have to play to upend this bullshit kike system.

>>520931493
>implying wages will grow to match hyper inflation.
The more realistic conclusion is you’re priced out of home ownership entirely due to the everything else eating away at your monthly budget.

Not gonna be alive in 50 years. Is that the point?

>>520924877 (OP)

They still have to pay almost same interest rate for 50 years mortgage than 30 years mortgage....they just lure to pay 20 years more. Sick country.

>>520933810
The gas chambers will be real this time

>>520933214
Not gonna happen. The union and the constitution FOREVER kike

>>520933930
>Not gonna happen
It's already started.

>>520933551
It's going to get worse. New construction is so abysmally bad that 90% of housing built to accommodate our mass immigration will likely collapse in the next 10-20 years. Even if we deport them all, the extra housing opening up will be damn near worthless. Our future has been thoroughly robbed by old retards who thought the good times would never end. It's a good time to learn construction, or better yet get into materials and provide a product that doesn't suck ass

>>520931522
Uk mortages are 15-20 years.

>>520924877 (OP)
Fat kike Boris Johnson wanted to do that here. The Jews and their shabbos goys just love their usury.

US wooden houses don't last 50 years.

>>520933978
Most new constructions will be vacant and towns built around them will be deserted within a generation.
The only way any of this changes trajectory is through massive population growth or massive levels of immigration.
Considering the current climate, more immigration will likely lead to roaming gangs and balkanization based on nationality.
We already have nothing in common with large parts of people from Michigan/New Somalia.

>>520925853
we lost, anon
you have to realize it
WE lost
this isn't a you vs me, you vs them, WE all lost, and it doesn't matter who is president or if you're their cheerleader or not

>>520928203
There was like an 80 year period of post ww2 where everyone could own a house. We are returning to tradition

>>520924877 (OP)
>longer times being in debt, making it easier for the bank to steal it from your family when you die.
lmfao, you people are fucking retarded.

>>520932980
a crash exists just for consolidation.
i own a big company
i let 10 little guys make 10 little companies.
we do a market crash
i buy all your IP, assets, clients, and everything else you own because you went bankrupt.
if you get too big, we will buy you outright, or do a merger.

you actually right, if the market crashes, trump is unfortunately one of the pigs to be slaughtered. So many favors would be called in he would bankrupt multiple countries repaying them.

>>520924877 (OP)
Cool but a lot of people dont deserve a home.

>>520933978
let's see your structural engineering degree lmao

>>520924877 (OP)
>buy an expensive home with a 50-year mortgage
>sell it a year later
>buy two smaller homes
>rent one, live in the other
/pol/tards don't understand the Jew

>>520929278
In other words, renting.

>>520924877 (OP)
you could also just kill immigrants

>>520935192
The money, yes.