Thread 520945367

art of the deal

>>520945367 (OP)
Idgi

>>520945367 (OP)
Probably Trump's most retarded idea ever. Yes, even worse than the tariffs. Hopefully he TACOs out of this one.

>>520945482
i can break it down for you. kikes are pushing their luck way too far and are going to cause the whole world to want them dead.

>>520945482
OP is posting propaganda that promotes being a renter
>oy vey! Home ownership is a scam, goy
>you should instead live in neo Soviet ((high density)) housing a few floors above a yoga studio or boutique restaurant in a ((walkable city)) like a degenerate

>>520945367 (OP)

Thump is making us all bend over for the Art of the Squeal
Fuck this ZOG

>>520945367 (OP)
How much is the total loan cost for if I have a $400k down payment

>>520945367 (OP)
why 50 instead of capping it at 10? a 10 year max would actually lower housing prices.

>>520945536
yea its crazy how the world tariff's america to protect its workers but us doing it makes jews freak out.

>>520945983
The domestic manufacturing industry has basically entered into a depression under the tarriffreich.

>>520946087
>doesn't address the world tariffing america to protect its workers

>>520945367 (OP)
Gulags for this administration

>>520945367 (OP)
Only dindu whites would pick 60 year mortgage as part of their begging bowl for Israel economics

>>520945367 (OP)
Build a shack in the woods.

>>520946167
Are these tariffs on America in the room with us now?

>>520946167
>other country does thing
>therefore we must do thing
Ok. So when are we getting single-payer healthcare?

>>520946388
once you stop importing the entire 3rd world to leech off the system

>>520946437
So you're saying that because something works in one country in one situation, it won't magically work in this country in every situation?

>>520945367 (OP)
I am not going to live 50 years and the dollar will be worthless by then so I guess that'd be the one.

>>520945367 (OP)
>pick
pay cash, fuck the bank

>>520945367 (OP)
Nigger here. I pick the 50-year because it's cheaper.

>>520946504
why don't you just argue with yourself anon? it seems like you already got the script for it

>>520945367 (OP)
I dunno why faggots go into debt, just don't buy it. don't willingly enslave yourself. if most of society refuses to take on debt and demand better wages so they can afford to buy shit then jews would comply since it's either gas chambers, business failure because no one falling for your jew trick. I don't own credit cards and never will, if I don't have money to buy it then I don't buy it, it's that simple.

Assuming you can't get a 30 year mortgage, what makes a 50 year one worse than renting? I don't get it. You're getting some equity as opposed to losing all of it renting and there's never going to be a huge different between rent cost and mortgage .

>>520946537
you understand debt purchasing raising the market price of homes right? every person who borrows for 59 years means that even you as a cash buyer will have to pay more.

>>520945367 (OP)
I pay less in rent.

>>520946707
What's wrong Paco, ICE finally got you?

>>520946504
no i am saying the lefts love of shitskins that destroy homogeneous countries abilities to protect its citizens and care for its citizens is caused by you

>>520946805
You don't start paying principal immediately - you pay off interest first. So you're not going to be building ANY equity for like 30 years.
The one saving grace is that you get to take interest payments on loans off of your income taxes... so i guess that's a good thing.

>>520946720
Same here, If it's expensive, I save up. Zero debt.

There is no one coming to save anyone. The entirety of humanity has reached its theoretical limit controlling for IQ, meaning that humans cannot become better than our collective IQ allows. Humans are not evolved. We haven't moved past our greatest enemy, our response to dopamine.
The only thing that can save man, is nature. Nature has to come in and do the job, through a mass extermination event. Another ice age would get the job done, but it takes a meteor impact or VEI-8 volcanic eruption to set that up. Until then, it's just a long slow devolution into animalistic behaviors and corruption, and death.

>>520946927
Man you really did not like that comparison.

>>520945367 (OP)
im just not going to give a fuck or try actually

>>520945367 (OP)
Coinclipping must end
Fiat money is a failed experiment

>>520946997
cant refute what i said? gonna use 99% White norway as an example next?

>>520946956
>>520946805
Also now you assume responsibility for risk.
Housefire? Earthquake? Niggers rob you and beat up the place? Housing market crumbles and now it's only worth 120k? That's on you buddy. At least with renting the landlord assumes all of the risk.

>>520947083
You are actually so retarded.

>>520946965
Cringe.

>>520946805
if you never actually plan on owning it the main difference would be liability. a rental you can just fuck off anytime you want and get another. homes require maintenance, and possible loss, which has been happing more and more lately.

>>520947167
you wanted single payer and but wont address the countries with it demographics, how odd

>>520947167
Can you counter what I said? Do so by all means. I say, facing the reality of the death of current human civilization is like facing oneself's own death. Most people really don't want to think about it, but it is inevitable all the same.

>>520947284
Could you write that again in English, please?

>>520946805
obviously jew wrote this reply. banks won't allow you to pay back until they made 100% of their loan. lets say you finance $10k for your car at the dealer with X amount of payments at Y rate and in 3 months you call the bank with $10k to completely pay off and close the loan, they won't allow you to do that.

>>520947411
can you explain why your country legalized incest?

>>520947564
Brits are a product of incest, just look at their physique.

>>520945536
He's an endless supply of retardation. Also a pedo.

>>520947564
aren't all their royalty a long line of sister fucking?

>>520946805
You don't want low monthly payments.
You spend the early portion of the loan term treading water paying off interest and barely paying down principal.
The longer you spend treading water, the more of a chance you have of missing payments and going upside down on the mortgage.

if they do that they will get a violent revolution, when they bail out landlords with this measure it means people will die

this is mechanical and the inevitable outcome

so they wanted married couples to pay combined 100 years of earnings on their home

bankers will go to the gallows, parliaments will burn and the streets will be drenches in foul rotting blood

when has this ever been avoided, you didn't even disarm the serfs or took their votes first you dumb fools

>>520945536
No one would force you to take a 50 year mortgage, you dumb faggot. It just gives people, more options, Get a 30 year one if you still want. Or get a 20 year. Or just save up and pay in full. The longer the mortgage the more interest you'll pay, so figure out what option is best for you. You fucking shills are so pathetic that you shit on something you don't even understand.

>>520945367 (OP)

Mortgage literally means work until you die.

Nothing more jewish, we just call it a loan here.

>>520949504
Yeah, no one is forcing anyone to get a house either. Or a car, or a smart phone, or a vaccine, or a social credit score...

>>520949504
>no one is forcing you to go into perpetual debt slavery. let people enjoy things!

How fucking dumb do you need to be to get a 50 year mortgage.

My garage all in is going to cost 30k USD with a 100 amp sub, water and sewer with a mini split.

Shooting for a sub 1 ach50 with areo barrier after construction, will need an erv for how tight it's going to to be but I can't wait to not pay the energy jew. If this shit works out I'm building a passive house with double 2x4 staggard walls.

Meanwhile you niggers still have ants crawling around with a ,600k house kek

we already have 50 year mortgages, what exactly is trump doing when he says they are 'looking into it'? is the government going to subsidize them?

Zero percent loan squat.
>This is my home now.

>>520949773
>>520949829
Well, no one is forcing you, you fucking retards. Hey, let's go with your idiotic plan and only allow 10 year mortgages (lol). You do realize people would never be able to afford the monthly payments, right?

>>520949504
Ahh yes, rent for 15 years while you "save", that's totally not the same thing. The system is a scam. 90% of Russians are homeowners. There are already more units than families in the US today. Engage the membrane

>>520945367 (OP)
-10 years sacrifice instant gratification and investing
-Rent a place with some friends for 600/mo
-1800 a month into an S&P index
Total $400,000 in only 10 years and just buy the fucking house or toss it into a dividend paying stock and it'll throw off 2200 a month to pay your 50 year note without even touching the principal and while giving modest growth.
>REEEEE but I want shit I can't afford NOW!
Enjoy being poor, niggers.

>>520950028
Depends how fast you pay it off just cause it's 50 years doesn't mean you sit on it 50 years. I threw a shitload of money at mine and by 42 I paid my house off. I got it at 32.

>>520950414
In that case why stop at 50 year mortgage? Why not 70 year mortgages? 100 year mortgages? 1000 year mortgages?

>>520950992
You want a cheap way? Get a 4 part loan. As in every week you pay a portion of a monthly loan the interest doesn't accumulate fast on it so the payments are much lower.

>>520945367 (OP)
The 50 Year only costs $2100 a month. Why would you NOT get that? Otherwise you're spending almost $2400 a month on the same house? Why is everyone saying this is bad?

>>520950992
The borrower would never live that long. If you take out a 50 year at age 30 then its paid off at age 80, or at least has very little principal left when you're old and retired, so you can sell it and keep the difference.

>>520950912
I get that lol. It's just crazy the bullshit that's on the market and what people are paying without understanding building science. Most realtors have no idea what blower door scores are and are selling 500k plus homes in upstate NY with 300+ a month heating bill. I learned you need to build a home if you want something nice. Been buying trucks, trailers and tools so I can start building my own shit. The housing market is just shit that couldn't sell private ASAP because really well constructed homes aren't on Zillow much less MLS for that matter.

>>520950028
Just spray foam. I hit 1 ach50 with osb and house wrap, no aeroseal.

>>520945612
that's not a commieblock, that's a capitalist block. Commies care more for the soul than this.

>>520950992
as far as I know there is no law that forces certain mortgage terms, banks are free to have 70 year loans, though I would guess most don't because of the high chance someone dies before they pay it off.

>>520945664
>checks numbers
Sir! Sir! You cant leave the bank yet, you have to commit to a loan! SIR! Come back! You can't just not pay interest!

>>520951221
What if someone wants to take out a multigenerational home loan? Let people enjoy things bigot.

>>520945612
If you aren't married with kids I don't see the point in home ownership for you. I spend a huge amount of my free time just on maintenance. Yeah I'm building equity, but I could build substantially more equity if I didn't need to completely gut and replace the central air system this year.

>>520951272
im considering it but then I need to fire caulk and seal everything reaply well, I know that shit can off gas, rockwool is my preferred and I've seen really good results with areo barrier and its pretty cheap

>>520951097
Plus, you could always make bigger payments. That's how I got my relative out of credit card debt. I got them on a budget plan and had them put extra money on the highest interest card each month, then after that's paid off applied all of that monthly money onto the next highest interest card, and so on until they were eventually all paid off. Took someone with 30k in credit card debt down to debt free in 4 years, with some belt tightening and some strategic payments.

>>520946284
No you dumb commie fuck its in their countries.

>>520946956
Why isnt equity built along with interest from payment #1? is that more jewish games?

>>520945367 (OP)
>Which one will you pick?
The one that will get the jewish bankers to just give me the loan. Those fuckers keep saying I don't qualify despite having a job and enough for a down-payment. If they agree to the 50 year one, so be it.
I can just refinance into a 30 or even 15 year down the line anyways.

>>520945568
>are going to

>>520947417
This is not true at all. You can pay off loans early in America. It's why people pay off their 30 yr mortgage in 15 to 25 years. If these options are available you take the 50 in case you call on hard times but you pay it down at a 30 year or faster pace.

The real issue is it just kicks the can down the road and doesn't address the actual affordability issue we have because too many people have retirements tied into their home value

>>520951642
Because at the start of the loan you owe a large amount on the principal so when the monthly interest is calculated it comes out to be barely below what your monthly payment is so that very little of the principal is paid at the start of the loan. But over time as the principal goes down, the monthly interest goes lower so more and more of that monthly payment goes toward the principal and less to the interest.

>>520951254
Building will give you what you want, but the struggles are real. The price is as well.

>>520950804
Lol, 90% of Russians are poor and live in commie blocks, which are the lowest-quality condos. Similar types of condos are also cheap and affordable here, but no one wants to live in them because everyone wants a house.
My brother in Russia wants to buy a normal, regular house, and it would cost him around $380,000 in Canadian equivalent, which he obviously can’t afford, and the banks won’t lend him that money. He lives far from Moscow, so I can only imagine how expensive the housing market is in and around Moscow.

>>520951892
>You can pay off loans early in America.
have you done it yourself or just repeating what you heard and or assume? there is a penalty for paying off earlier

>>520945367 (OP)
How about you choose to buy a house that isn't 400 fucking thousand dollars if you're a poor fuck

>>520952517
theres only a penalty if its written in the contract, which is pretty uncommon. And if there is an early payoff penalty, just go to a different lender, its a competitive market.

>>520945367 (OP)
How many people among zoomers and even millennials have enough job stability to actually pay a 30-50 year mortgage these days lmao?

>>520952696
lol! you expect people to read 10 pages worth of fine print? lol. boomers read shit, genx and everyone after them just sign where told to sign

>>520949504
Yeah, giving people Nissan Altima financing options for houses will only drive the cost up, you stupid nigger.

>>520945612
You americans are literally the only ones that hate walkable cities because you CAN'T HAVE THEM due to niggers. Being able to walk places is normal in every other part of this planet except the US and canada. You're genuinely retarded for even implying it's bad to live in a place like that. You people deserve to get jewed and owned by israel.

>>520945367 (OP)
don't you people see it yet? their plan is youll own nothing ever again
youll never own a home
youll never have a family
youll never have anything

>>520953685
You already don't

>>520951478
fair enough, ZIP will probably hold up better if it's installed properly anyway.
Spray foam has gotten much cheaper, and it gets a ridiculously good seal, but it's probably negligible to energy costs if you're already shooting for under 1ach50 with premium methods.

It's funny how financially incompetent /pol/ is. On the one hand I can commend the people here for arguing as to how things should be instead of how they are, and I get that. It shouldn't be the case that 50 year mortgages are good ideas. We shouldn't live in a society with runaway inflation -- or any inflation at all. We should end the fed, we should stop this ridiculous debt based bullshit and we should go back to having sound money.

But the reality is, we don't live in that world. We live in a world with the Fed, with runaway inflation, with huge financial incentives to debtmaxx (within reason). In the world we actually live in, 50 year mortgages are strictly better than 30 year mortgages, assuming the interest rate is the same for the two. And it's not even the case of "because you can pay it off early" -- you shouldn't be paying it off early! The whole point is to get your monthly bill lower so you can put more money in your 401k, or into a post-tax investment account if your 401k is maxed out.

It's jewish as fuck, but that's the world we live in. You want large amounts of debt, so that you can reallocate the money from that debt into more real assets, and so that inflation can inflate your debt away.

>>520945367 (OP)
aim for as low a period as you can handle at the time. if things get worse you can always refinance.
I took out mine for 20 years out of caution and was very nearly talked into 30 when I could have handled a 10 year loan at the time and I ended up paying it off in 5. I don't even want to know how much my lack of confidence cost me.