Thread 520937618

>Trump announces 50 year mortgages are coming soon

NIGGER WE WANT 50M DEPORTATIONS FUCKING HELL

>>520937618 (OP)
Good goyim debt slaves

>>520937618 (OP)
This is actually a good thing. Not only would monthly payments be less, but over a long-term span of time lenders would make more money.

>>520937618 (OP)
Stfu

Average home will be 10million if this goes through

>>520937618 (OP)
Amerimut plywood houses only last 25 years

After ten years on your 50 year mortgage, you will have paid a whopping 4% of your loan principal! Yahoo!

The Jews have to charge interest and collect that first, of course. Because of all of that RISK. (They sell all of their mortgages to the government via Fannie Mae and Freddie Mac.)

>>520937714
Total scam

>>520937714
>monthly payments be less
Hahaha, you wish.

The absolute state of MIGGERS

>>520937618 (OP)
Imagine how brown America will be in 50 years. Thats 2075 brah.

>>520937618 (OP)
If the bubble pops, and I can secure some acreage, then hell yeah, I'm not trying to go anywhere else lmao, fuck off.

>>520939106
You’re right the price of homes will quickly increase so that payments are exactly the same as they are today.

>>520937618 (OP)
Donald "Lame" Duck is out of ideas! Hahahaha!

jesus fucking christ
not only does that not fix the problem it fucking expands it

>>520937618 (OP)
>$400,000 house at 7% rates
it would probably only lower the payments by a few hundred dollars while making the interest paid go up 5x

total fucking scam

>>520937618 (OP)
Not gonna lie, former Trump voter here. This is fucking hilarious watching Trump crash and burn. But in all seriousness we can't let this guy get the nuclear codes.

>>520939106
My payment for a 30 year note is probably half or less what you pay for rent

>>520937618 (OP)
>enslaves you to debt for life
Is Trump actually the real King of the Jews?

TRUMP HAS ANNOUNCED MULTI GENERATIONAL MORTGAGES!

GET A CHEAP 8% LOAN TO BUY YOUR SHITBOX BY SIGNING AWAY YOUR DESCENDANTS BLOOD FOR THE NEXT 900 YEARS!!!!

>>520937618 (OP)
The future is secured for countless generations of jews now

>>520939292
>foreigners can buy up your land while living overseas
>20 trillion migrants being let in per day, and they get government & NGO assistance to buy up land

the bubble is not popping

>>520939799
This will be great for you in the short term. Homeowners are about to see their equity skyrocket. Anyone without a home is fucked though.

>>520939658
I did the math on this already in another thread. On average, the monthly cost would drop from $1733 to $1663 with the total cost of a $350k home jumping from $630k to $1M.

>>520939799
Maybe if you got it 20 years ago. If you get one right now it's literally the same monthly cost as rent, only you also get the privilege of paying property tax, faggot.

>>520939658
>>520940069
The even funnier part is that home prices will adjust upwards so that the monthly payment will be right back to 1733 with the 50 year mortgage.

>>520940124
This. Im a landlord and barely making a profit after property tax and insurance and i have no mortgage at all!!!! Renting is actually way cheaper than buying right now.

>>520937940
kek, they will pay for their dead houses like they pay for their dead education.

>>520937618 (OP)
drumpf and vance are done. some young jeet will promise free healthcare and state paid h1b wives and become potus.

best time ever to flop in a squat

>>520937618 (OP)
KEK NOT MORE AFFORDABLE HOUSING CHEAP BUT 50 YEAR MORTGAGES SO YOU PAY OUT THE FUCKING ASS BUT IT APPEARS CHEAPER

>>520937940
That's the funniest shit from this mess. No house in jewsa is made to last 50 years now.
Retards will literally be paying for a home they don't have anymore, deep into their 70s, because the house rotted away before they did.

>>520937618 (OP)
So now people me get to be enslaved for 50 years to the bank if they want a home? Kek

Anything to stop the ponzi bubble from popping. Bonus points for blumpf pressuring the fed to drop rates when inflation is already fucked and well above the 2% target (which is already nonsense)

Fucking LMAO
>finally pay up house
>house is already rotted and the gov deems it unfit for occupation

"We jewed the housing market so hard you now have to be enslaved until you are 80 to own a single house."

>>520937940
>>520940948
that's not even true you literal retards

>>520940974
You aren't a COMMUNIST, are you? Trade with COMMUNIST China would mean cheap cars and prefab homes for the average American. We are PROUD AMERICANS so we must ramp up the tariffs to 1,000% and criminalize imports of autos, prefab homes, and construction labor so JPMorgan Chase can own everything and charge you 100x for it. It stimulates the economy, kiddo!

>>520941326
It's about as dystopian as it gets. I finally understand
>capitalism and communism are two opposite sides of the same jewish coin

>>520937618 (OP)
I would rather have the following:
1. Property tax multiplied exponentially with every subsequent home you rent to others. Immediate sell-off and market crash from corporations selling back into the market.
2. Home depreciation factor enforced nationwide - minus 2% a year for a maximum of 50% deduction from (((current market value))). This can be reset with home improvements relative to the value.
3. Fed disbarred from making any decision on nationwide interest rates
4. Non-citizen land ownership prohibited, rental only
5. With exception to land value appreciation, 80% tax on unrealized gains on profit made from home. Homes should be a utility, not an asset.

The goal is to crush the boomers overvaluation of property and let them die.

>>520941459
>wahhhhh! That's not true!
>my straw and cardboard house will last forever!
Meanwhile new burger homes are already rotting

>>520941515
China's homeownership rate is something like 90% because the CPC used supply-side economics to create a housing glut to such an extent that millions of apartments are empty. RNC/DNC hate the American people and never want them to easily afford a home because they must be debt slaves instead. That is the difference between Dengist communism and Western "capitalism", which is just slavery to the big banks and financial oligarchy that dominate the system by rent-seeking and bribing politicians. Free market economics can only begin when a Communist Party has taken control of the economy from the top down and shot every scheming banker in the back of the head leaving the rest too traumatized and impotent to even attempt anything like they've done to Canada and the USA. Kill all financiers, kill all bankers, establish one-party Communism and genuine productive activity can take place.free of artificial scarcity created by the rentier class under bourgeoisie capitalism. Communism with Dengist principles means abundance.

>>520937714
>Jewish nonsense is a good thing actually

>>520941317
Homes lasting for multiple generations is bad for business goy.

>>520941484
I think I prefer the communism desu. What even happens if someone dies and they still have a mortgage? Does the bank just take the house? What if the bank knows someone won’t live the 50 years to repay it? Wouldn’t they just deny that person. So maybe only 20 year olds could possible ever pay it back and even then what 20 year old can buy a house?

>>520941775
Fully agreed on the supply/demand argument. Having ghost cities with mass constructions is a nice "problem" to have.

I always kek at the youtube boomer fear porn of chinese deflation
>OMG THE COST OF LIVING IS DECREASING IN CHINA?!?
>THEY'RE SO FINISHED WHAT WERE THEY THINKING BY CHEAPENING RENT
The ironic part is we call them "bugs", when our entire financial system is centered around cramming infinity jeets into barracks-styled shoebox holes to create zero privacy hive cities where you need $4k/mo to live in hell.

>>520937618 (OP)
Best I can do you is more H-1Bs, tariffs, and no flights for Christmas and Thanksgiving.

>>520937714
Wow, combining the cons of renting and home ownership. Sign me up!

>>520937618 (OP)
>50 years indentured slavery for a cardboard shitshack
>land of the free

I'm beginning to think China won and jews killed America

>>520937618 (OP)
If we're in a recession, wouldn't the housing market crash?

>>520937618 (OP)
Is he kidding? How the fuck do his followers get fed different piles of shit each week and keep their mouths open??

Did you MIGGERS get what you voted for?

>>520937618 (OP)
This Jewish pedo will never do anything but fuck you over.

>>520943558
I voted for a clown so yes actually. I don't expect good policy from anyone at this point.

>>520937714
>>520937836
Miggers need to be culled. The sooner the better. You fucking retards are worthless.

>>520943485
No, that is not the definifion of recession

>>520937618 (OP)
this will lower rent prices
and when the housing market crashes
everything will be extremely cheap

>>520941775
More debt slavery will always be the banker's solution to everything until they start getting guillotined

>>520942065
>>520941775
>muh oligrachy
>muh moaist youth college education
>muh Chinese Communist so superior
STFU you own nothing goy and this IS Communism. Once property tax was introduced it became a serf country of leases and not private property.

>>520939106
some redditor crunched the numbers and youd pay 3 times the house value instead of just 1 times the house value and save....250 bucks a month. lel

This will fuck over the parasite class that are using homes for investments.
Now people will be able to pay a lower monthly fee for a home, they will be able to afford them on a lower income.
It doesn't matter if they never own the home, at least they have a home for themselves.
But it will never happen since it will also crash rental prices, making profits from renting lower.

>>520943814
When there are job losses, people can't afford mortgages and likely to lose their house if they can't sell, when people can't afford a house.
Then again, /pol/ believes it's corporations buying up houses, even when sales have plateaued and even fell.

>>520943538
“Starting on day one, we will end inflation and make America affordable again, to bring down the prices of all goods.”
NBC Montana, Trump Rally in Bozeman, MT
(August 9, 2024).

“Under my administration, we will be slashing energy and electricity prices by half within 12 months, at a maximum 18 months”
PBS NewsHour, Trump Rally in North Carolina
(August 14, 2024).

“Energy is going to bring us back. That means we’re going down and getting gasoline below $2 a gallon, bring down the price of everything from electricity rates to groceries, airfares, and housing costs.”
“We will eliminate regulations that drive up housing costs with the goal of cutting the cost of a new home in half. We think we can do that.”
NBC News, Trump Addresses Economic Club Of New York (September 5, 2024).

We have an entire government designed so one man cant dictate policy at whim.

Pepes welcome.

>>520944666
had*
it was designed so the other branches would prevent each other from wielding too much power. but the constitution says what they "can" do to check and balance, it doesn't say they must. Multiple amendments will need to be written or rewritten so that the gov't isn't relying on norms and promises anymore.

>>520937618 (OP)
This is actually a good thing for first time home buyers. This country isn't going to last 50 years. Your minimum payments will be lower, and when everything collapses just stop paying. With how shit things are now, you probably wouldn't even end up paying half of the current market value.

>>520937714
they wouldn't be less, the market adjusted and the monthly payment will be the same but for 50 years now. a real solution would be capping all debt agreements to a maximum period of 10 years.

>>520937618 (OP)
Back to the CNN comment section, jew. Men like me will be torturing boys like you in front of your families.

>>520944923
>This country isn't going to last 50 years
nah, it's been through worse. it has another 250 years at least.

>>520945229
Kek. I bet under 15. It might be 50 years by the time we change the name, though.

>>520937618 (OP)
Just pay more into the principal each month. Where's this idea you have to make 50 years of payments coming from? IF the payments are lower each month, then just toss more into principal.

King Migger is going the give us Soviet hyperinflation and half the country is going to seal clap. If the US can get through the next year, the Republican party must be destroyed so they can never do this again.

>>520937618 (OP)
Fucking should knock 1/4 off for every white kid like real Hitler

>>520945532
You're saving about 10% of your monthly payment to double the overall cost. Turning us into more exit liquidity for fucking boomers.

>>520945725
hope you dont think blue team is fixing anything
the only way we get out of this is something absolutely radical, and unfortunately that probably means violence

Just get rid of the energy code and go to structural as builts instead of building permits

>>520937618 (OP)
Price of housing to double. Buy now!

>>520937714
Monthly payment would be the same or more, just over 50 years.

Trump really shits on the middle class when he doesn't get what he wants...

>>520937714
least delusional magacultist

>>520937714
Pretty good bait. 9/10

>>520937618 (OP)
unless people start killing bankes to remove the interests, nothing will ever goes cheaper

>shill shift change
>a bunch of miggers started posting around the same time when before that most posters were laughing at the absolute bullshit this shit is
Lol lmao
They make it so easy

>>520946129
That's the way for most countries' problems actually

50 year mortgages would be so retarded I can't see Trump actually doing it, he'd be the most hated president in history if he did.

>>520937618 (OP)
Innovation for how to provide 50 year debt without compromising the banking system is an absolutely great thing <3
I bet it involves the blockchain so you can't escape the chain

>>520947006
great. now its definitely happening

>>520937618 (OP)
>just pay the bank for your entire life goy

>>520947006
>he'd be the most hated president in history if he did
He already is, for the wrong reasons.
This term he is just giving us the all the right reasons.

just dont buy a retardedly expensive home like a retard

>>520937714
>over a long-term span of time lenders would make more money

>>520937618 (OP)
Don't even have to deport anyone, just make giving them benefits illegal and imprison anyone that hires them. This is how you know Trump is full of shit, he won't do it.

>>520937618 (OP)
This is objectively a good thing, I literally cannot see why anyone would or could object to this? You don’t have to get a 50 year mortgage, but the option is there. How are people even shilling against this?

GENUINE question, what is the actual downside of this? Is there a doomed that can argue a downside?

>>520947954
Doomer***

>>520947954
Yeah

50 years is a berry long time

>>520937618 (OP)
I paid my house off years ago by working hard and paying it off early. This is just an interest tax on stupid people that goes to people who deserve the money more. They were gonna blow their money on drugs and video games anyway.

>>520946914
If a story drops early enough and you post it you can actually see in real time when they get their talking points.

>>520937618 (OP)
What's wrong with this? It's cheaper than renting and by the time you're done the house is yours.

>>520947954
a 50 year loan being accessible will naturally raise the price of housing until 50 is realistically the only option to obtain a home. then some retard will come along again and raise it to 100 years. homes shouldn't be investments or speculative, it is a required ingredient for a stable country and should be treated as more of a national security issue, not an investment one.

>>520937618 (OP)
But I thought this is American golden. Great depression doesn't sound like it...

>>520937618 (OP)
the orange pedo nigger is touting a 50 year mortgage as a good thing??

>>520949025
THE GOLDEN AGE OF........THE NEW 50 YEAR TRAILER PARK MORTGAGE

>>520947954
>>520948712
Correct.

In a mortgage there are three parties;
The seller
The buyer
The lender

The seller could come down on price but doesn't want to and doesn't have to. They will just sell to someone else or, if they can't, won't sell at all; whether that's a person who just stays in their house, or a developer that just doesn't develop as much.

The buyer usually cannot come up with more cash because the buyer is already barely making it as it is.

So it is the lender who must budge. However the lender can't budge in all ways, they can't decide to have more money, or that the risks work differently than they do, or that the rate should be different. The lender can decide to just take longer to get the money back.

And this is the preferred option, because the last option is nobody budges and the industry simply collapses due to being infeasible.

But without a collapse, the fundamental problems that drove us to needing 50 year mortgages will go unaddressed, leading to further problems in the future.

I would expect that 50 year mortgages will end up being ARMs if they ever come into existence, much as they are in the UK/Australia, 50 years is simply too long to go without adjusting the rate to match the current rate environment. We are lucky to have fixed rates for 30 years as it is.

>>520939799
I am not anti-home ownership. That being said, home buyers always leave out maintenance and upkeep costs such as renovations, roof, hvac, plumbing, sewer line replacements, as well as property tax. If you are not committed to staying in an area for a significant amount of time or do not need a specific school district, taking a loan for a home is not always beneficial. Equity is typically wiped out with interest paid unless you stay for 40+ years. Realtor fees to sell and buy the home, closing costs…the list goes on.

>>520945093
>capping all debt agreements to a maximum period of 10 years.
Then most people would never be able to afford the monthly payments.

>>520941317
Homes are constantly trying to crumble back to the earth and homeowners spend incredible maintenance dollars to make sure that doesn’t happen. My parents own their home outright and had to replace the sewer line and their hvac this past year, 36k. Roof the prior year was 14k. That is damn near half what they originally bought their home for.

>>520942236
meanwhile in china..

>>520937618 (OP)
Yes, goy 50 years and the house is yours.

>>520949634
What are you talking about, there is a mortgagor and mortgagee.
There are parallel economies where some people have significant real estate equity or money and some have none.
20% of home sales go to first time buyers, and most of them receive significant help from their parents.
The residential housing market is just existing homeowners and their children shuffling into slightly nicer homes as old ones fall into disrepair.
No one needs to budge, this could go on indefinitely with current immigration and construction forecasts.

>>520950742
then there would be no transactions and inventory would build up until sellers met buyers at the lower price. undoing this takes more time than flooring the gas pedal but things would normalize. either way you slice it loans/debt increase prices through and artificial demand.

>>520937618 (OP)

In Finland people used to pay their loans back in 10 years.

>>520950787
My grandparents built their house over 60 years ago. So far we only had to change the roof and do minor electrical work and minor plumbing in like the kitchen sink. They have improved it through the years, added rooms and whole sections to it. Grampa even added a whole second floor like 25 years ago, back when he could stick work.
House is still strong and there is no signs of any structural damagebin the concrete or foundation, not even with the second floor that was certainly not planned when first building the foundations.

>>520951205
That’s fantastic and I am glad they have that. My parents house is from the 30s and the sewer line just now went. That is not the case for most homes though and I think we can acknowledge that, they are not built to last now and anyone who bought a post 2005 build home that wasn’t highly custom is fucked. I have two friends who have problems with 400k+ new builds they have only had for 4 years.

>>520951200
Most house loans are around 20 years max around here. Some do it on 10, others in 15 and some on less. We paid for our beach property in 5 years but that's because we paid like half of it up front with cash so the debt would be small.
20 years is a heck of a lot of time but more than enough to start at 30 years old and own the property at 50, just around when the kids are already adults. Plenty of time to enjoy the home and enough time to let the kids enjoy both as kids and as inheritance.

>>520950978
>there is a mortgagor and mortgagee
Hypnotized poster. The buyer and the seller are the ones trying to have a transaction, but few buyers can just pay cash, therefore the lender appears. And the lender has significant say over how the transaction occurs, since if the lender isn't made happy with the details they will just withhold the loan and the transaction cannot proceed. This makes them a party to the transaction. I don't know why you've decided to see the lender and buyer interaction as separate from the buyer and seller transaction when they're intricately linked in reality. I can only assume you just aren't very familiar with the subject.
>No one needs to budge, this could go on indefinitely
No it cannot. Average age of first purchase is constantly going up and as you admitted, most of the first-time buyers now can only do it within the traditional lending limits because their boomer parents can help. None of that is sustainable, the stored-up wealth of the boomers will not stay stored-up long, it will be eaten by the economy. And existing homeowners trading houses does not a market or nation make. The developers will turn to luxury products, fully enshrining a two-tier Brazil system.

Long term the only alternative to neither lender nor seller budging is that the buyer grabs a torch and starts killing people. Or votes for a socialist who will kill people on their behalf.

>>520937618 (OP)
Another boomer rescue attempt by propping up the housing market.

>>520951485
They had their sewer line clog up once because the root of a tree but that was easily fixed. So far no real problems except minor things like changing an old door, changing an old sink for a shiny new modern one, changing the lamps and stuff or changing old outlets for new ones. Minor maintainance things.
But as you said, things are not made as before and things happen even here, though at a smaller degree. We recently bough a beach property and we had minor problems with it like a minor leakage from the roof we already fixed, an exterior sink plumbing that got broken because we never noticed it was originally cracked (a 10 burger shekel repair) and some electric outlets that had the GFCI busted because GFCI tend to kill themselves instead of killing the entire line, even though they may actually don't need to actually kill themselves. Still the house is in top condition after a year and we barely stay there these days, so it spends months unused.

>>520937950
came to post this. It's highway robbery and ultimately you'll die and your children won't even inherit a house.. maybe that's the plan to keep inventory moving? You just rent a home your whole life, kek

>>520951881
They had about 40 foot of pipe destroyed by mature trees and the entire front hard and walkway had to be excavated. American housing market is a little retarded right now. I rent a home similar to my parents and it is about 500 per month less to rent than if I were to get a mortgage and put 70k down upfront (not including closing costs and realtor fees) for this exact home. Used to own two properties and sold them in 2021, wasn’t worth the hassle in my personal experience.

>>520937618 (OP)
>50 year mortgages
shit i'd be 85 before I paid off my house kek

>>520937714
I swear the only people defending trump are kikes and retards.

>>520937618 (OP)
Longer mortgages = wage slave for life
It's a travesty.
If it can't be bought with cash, then it's an interest scam. Pure and simple. If the average wage, can't buy it, then it's cronyism for the mortgage industry. Ban the ability for investment banks to buy property, and require 100% tax on property value on multiple residential properties.

>>520940974
>mort-gage = death-pledge

I’m just not gonna buy your house, boomers

You hold those bags not me

Buyer strike now

Why did Trump become so out of touch in his 2nd term?

>>520937618 (OP)
This is fucking grim. FIFTY YEARS To pay off a house. Imagine telling that to someone in the 1950s. They paid their houses off in 2 years literally, look it up.

>>520937940
>Amerimut plywood houses only last 25 years
Yeah... 10 years ago. The quality of building materials has halved since then. Asphalt shingles used to last 10 years now they last 5 years. American houses now fall to the ground in like 15 years.

What ACTUALLY needs done is mortgages need made ILLEGAL. Meaning you can not pay for a house with a loan, you must be able to buy it cash. This would drop house prices 80-90% because so few buyers for a while, but once that decline occurs they'll be able to buy cash.

>>520937618 (OP)
Terrible idea. We need less debt.

>>520955139
Just resell the debt as an asset.

>>520937714
>(((lenders))) would make more money

100 year mortgage

$1900 per month

>>520954974
The house I grew up in is still standing and is 120 years old. The house I bought is 55 years old.

>>520949634
ARMs caused the 2008 crash.

>>520950963
The neets inheriting the house won't be able to pay for it.

>>520955232
And transfer that into another debt. It's endless. People need the ability to get ahead of the debt trap. Everyone is in the mud and we are on our way to mass defaults.