Thread 520990317

can MIGA get more zogged than this?

>>520990317 (OP)
Good goyim debt slaves

>>520990317 (OP)
QRD?
Does this have anything to do with stopping jews?

>>520990317 (OP)
migger niggers are a lost cause, bud.
theyre literally praising the proto-communist dictator fdr now

>>520990317 (OP)
You lost tranny

>>520990317 (OP)
wait the 50 year mortgage thing is real?

>>520990317 (OP)
Probably
I'm expecting in 6 months for them to all be literally sucking off random Zionists in the streets because trump told them it will stimulate the economy...

>>520990461
you know how housing prices have been utterly fucked up since the 2000s?
fdr planted those seeds.
trumps doing the same.
pass the buck. dont fix anything
not my problem mentality.

>>520990317 (OP)
MAGA is over. Groypers are in control

Trump = Epstein/Mossad puppet. Kushner his handler

Nick Fuentes is the New Right. Get on board or get the fuck out of the way.

>>520990317 (OP)
I think there will always be a contingent of bitter old wankers that invested into the system, that will NEVER want anyone else to bypass the complete horse shit that they put their lives into being under the boot of

>NOOOOOO YOU CAN'T NOT JUST HAVE A MORTGAGE, I WORKED FOR 20 YEARS SO I COULD FORCE YOU TO WORK FOR 40 YEARS TO PAY OFF WHEN I SELL TO YOU!

NMP

Trump here it’s Biden fault even though I’ve been president for a year now. I’m the biggest faggot in the world for lying and making sure Gen Y and Z has zero help and can afford anything. I’m so glad that dipshit poor people who by zyns bought my trump coin and /ptg/ goes awoo still despite me claiming to make a cheaper economy but still haven’t. The only two things I have done that I promised made promises kept are Jan 6th fags and illegals. Thats it please let me keep TYPING LIKE THIS on truth social while you all still struggle
>1 year fucking year in now

To pay. Here’s $2000 you will never see despite working harder than me

I don't see what the problem is here?

If you want a house, pay for it. If you cannot afford to pay for it, get a loan.

Fucking commies I swear.

>>520990317 (OP)
um ackshually we love mass immigration as long as it's legal

>>520990606
Are you guys off Tuesday or do you have to work still???

>>520990317 (OP)
I own nothing and I'm happy. MAGA!!

>>520990317 (OP)
>dude just be a slave to your jewish overlords

>>520990605
Housing has been fucked because of immigration, retard. We have 50 million people here that shouldn't be. Where do you think they all go at night?

>>520991285
>pay your mortgage and taxes like a good goy while we haul in millions of nigs and give them free housing vouchers paid for by your taxes
based!

>>520990317 (OP)
You Lost, tranny

>>520990317 (OP)
>born in a leftist country
>become leftist
>left treat you like shit
>turn to the right
>it's the same shit
how do we escape

>>520991366
back to Mexico?

the entire MIGA movement is about who can be the biggest cuck to Trump. These people were born to simp

>>520991366
lmao so full of shit

>>520990510
yes

>>520991661
bruh

>>520991524
It's amazing to watch the people in the FUCK THE DEEP STATE FUCK THE GOVERNMENT FUCK THE MEDIA movement endlessly simp for deep state government media nonsense as long as it's red. Like fucking immigration, they don't give a flying fuck about the millions of nigs being hauled in as long as red team does it, what the fuck

>>520991739
https://www.youtube.com/watch?v=VRDHmdRzAds
this is slavery at this point
imagine paying monthly for 50 fucking years

>>520990317 (OP)
IF THE GOBERMENT CAN KICK THE CAN DOWN THE ROAD FOREVER WHY CANT YOU

>>520991837
what's in the fine print. do they own my soul if I don't pay before death?

>>520991923
They will foreclose on you faster than you can say rabbi. You will be broke and on the street, they don't give a fuck, they will seize all of your assets and liquidate them at fractions of the value.

>>520992084
Oh and if you owe something like 300k on. 400k house, they will foreclose and auction it and you can bet your ass it will sell at auction for 299k

>>520991923
Most people who die owning a house die with a mortgage. Nothing special happens. The inheritors have the option to take over the mortgage, or the executor can sell the house and pay off the mortgage with the proceeds. The bank gets whatever is left owed to them, the inheritors get the rest of the home equity.

>>520992084
no say I take out a 50 year loan and then die before I pay it off. do they own my soul. no one reads anything they sign. I just fired a cunt for calling in sick too much. in 6 months he had taken 51 days off, he had a certificate for one of them. he was warned that he had no sick leave and would be let go if he missed anymore days without a doctors certificate. it's in the contract he signed 4 days a year
>>520992389
did you read the contract on your mortgage?

>>520992482
>did you read the contract on your mortgage?
Yes, I read every single line of my mortgage contract before signing. I've also been the executor on two different wills, both of which involved a mortgaged house. This is 100% standard practice. If someone tries to sneak some bullshit into your contract that would make it otherwise, call them a jew and move on.

>>520990924
how about making them more affordable

>>520992554
I'm aware. I just signed all the shit for my mums will and power of attorney shit. I'm just fucking around because people don't read shit. I did just fire a guy but it was more that he turned up to work after a week after he was fired and I asked why the fuck he was at work when he got fired. he didn't even read his mail, he didn't answer his phone from what I got told either. fucked knows what HR did

>>520992482
Generally speaking If you die with an unpaid mortgage, the debt is paid from your estate. If the estate cannot cover the debt, the mortgage is paid by co-borrowers, heirs who want to keep the home, or through the sale of the property. They will own your soul, your wife, and your kids. So take out a mortgage that is absolutely enormous, like on a Diddy mansion and then drive off a bridge as soon as the ink is dry.

>>520991366
Kill yourself you disgusting fucking kike

>>520992778
since know one has signed a 50 year mortgage in the US then know one would know the terms of said loan. pretty sure I could get a nigger to sell me his soul for less than a house

>>520991827
I mean if you pay an extra grand or more a month that goes directly toward the principal rather than the interest I don't see this being too much of an issue, but americans love to consume (just see average monthly car payments) and I don't seem them doing that.
The average retard will think
>mortgage stretched out longer means lesser monthly payments
without realizing that they're paying more interest overall in the long run let's say you get approved for a $500,000 mortgage in 30 years you'd pay close to $900,000 but in a 50 year mortgage it's close to $1,500,000 and not only that the equity being made on that house is so slow you don't even really "own" anything until 15 years into it.
You're practically a debt slave forever.

>>520990317 (OP)
>I didn't want 50 year mortgages
>I wanted a complete collapse of the asset markets and a great reset
Miss me yet?

>>520992897
A nig would sell you his soul for half a pack of Newports

>>520992917
it's the same as the shit they do here. they have some government housing that they allow the people to pay off over 30 years. it's for poor people. the government just doesn't want to pay for the up keep of their shit public housing so they fool the poor into doing it

>>520993050
word is bond my nigga
newport menthols first thing in the mornin
u ain't ever have to even brush ur teeth again on sum real shit
I know niggas that'll spit down ur back and watch it drip down they mans ass crack to watch it pool up and make that puddle crack before they twerk just to get sum newports nigga

>>520992917
What you're supposed to do with the money saved by the lower payments is invest it into an asset that grows faster and more reliably than houses do -- namely index funds.

If you have three people, one who takes a 10 year mortgage, one who takes a 30 year mortgage, and one who takes a 50 year mortgage all with the same interest rate, and you have the 30 and 50 year mortgage holders put the extra money they save from their mortgage into their 401k, the 50 year mortgage holder will retire the richest and the 10 year holder will retire the poorest. (And the biggest irony is that in most markets, a renter would beat the 50 year mortgage holder.)

Houses are not actually that good of an investment. Index funds are much better investments. Because of this, the best course of action is to lock up as little of your funds in the house as you can get away with, and instead put as much of your funds into index funds.

>>520993311
you speakin on some real hood nigga hours shit, on god

>>520993384
>What you're supposed to do with the money saved by the lower payments is invest it into an asset that grows faster and more reliably than houses do -- namely index funds.

>>520990317 (OP)
I thought that was Trump's way of saying to move on buying a house because they won't get any cheaper when he lets the Asian swarm in.

>>520990606
When's he gonna campaign again infant circumcision and kill judaism for good?

>>520993104
I thought your mortages are closer to ours in cucknada?
Like we have 30 year amortization mortgages with interest rates fixed for 5 years and I thought you guys had so thing similar but it's called variable rate loans with no fixed rate or something?

>>520993384
do you think that these people are going to take the money they save in house repayments and invest it? why would they need to take a 50 year mortgage if they were good with money

they do what almost everybody does with extra money and increase their standard of living. which is stupid if you want to retire early. you want to decrease your cost of living so that when you retired you are used to living on less money. you want to find the equilibrium between how soon you want to retire and what your standard you can afford. most people will have something they waste money on because it brings enjoyment

>>520993646
Variable rate mortgages became unpopular after the 2008 crash. The banks own half of the disintegrating houses in Detroit now.

>>520991524
Some people are simply natural born slaves.

>>520993646
it is. I am talking about changes that were made to public housing. it's government housing and the waiting list to get into one if longer than something really fucking long. the poor peoples political party will someone's pretend to care about them and try and get them some better accommodation. there is always some scam going on too

>>520990461
lenders get 20 years worth of additional lending and you get to die right around the time you'll be paying off your house

>>520993551
Look, I agree that we should not live in a world where this is true. We shouldn't live in a world with runaway inflation, with bullshit debtmaxxing incentives, with a rapacious infinite growth bullshit system that will eventually collapse in on itself.

But, we do. We do live in this world.

>>520993648
>do you think that these people are going to take the money they save in house repayments and invest it? why would they need to take a 50 year mortgage if they were good with money
Some of them will. I do. I could afford a 10 year mortgage on my home, but I purposefully went for the 30 year because it is the financially superior option. I'd gladly have taken a 50 year mortgage. Hell, I'd take an interest only mortgage. That's the best option, they just don't offer them for primary residences.

You can't save people from themselves. You can only offer tools they can use to help themselves. Some people will use those tools for their intended purposes, and others will shove them up their ass and end up in the emergency room.

>>520993648
how about an honest life of hard work should give you the right to retire with good living standards or we burn the banksters?

>>520993384
Lmao
This depends entirely on the investment return and is only true in theory....
Let's say your 401k earns 8% annually, and your mortgage rate is 5%, investing looks smart, but if returns are lower or volatile, the advantage disappears and even reverses.
If a market downturns, your investments could lose value while you still owe decades of mortgage payments.
And let’s be real most people don’t actually invest the difference they just spend it.
The strategy only works if you’re disciplined enough to invest every dollar saved consistently over decades.
The risk and debt exposure is just too high.
>>520993508
niggas out here be wildin for a pack of newports son
on the strength my nigga
word to ur mutha senpai

>>520994146
>how about an honest life of hard work should give you the right to retire with good living standards
This is absolutely unacceptable antisemitism

>>520994254
You're underselling investing by a lot. That 8% figure you cite is including downturns. That's not 8% growth in good years and negative growth in bad years, that's 20% growth in good years and negative growth in bad years averaging out to 8% over long periods of time.

>>520994146
>an honest life of hard work should give you the right to retire with good living standards

the whole concept is pants on heads reatrded
>ju-just 30 more years of wageslaving and I will finally start living, promise!
As it turn ous , even if you make it to retirement alive and non-decrepit, being a rheumatic geezer doesn't lend itself to putting your free time to good use. Its a scam to keep people waging with a carrot on a stick.

The main reaosn the younger generation insist on work-life balance is taht we all realize retirement is either not happening for us at all, or it will suck ass simply on account of being an old fart who is one strong wind draft away from dying.

You aren't entitled to anything, get a job zoomer

>>520994807
jobs don't even pay enough to live that's why food stamps exist

>>520990461
It will make buying homes safer, I mean you can pay it off early.

The unfortunate side effect is now a literal unemployed person will be able to buy a 700k house and stupid people will pay an extra 1 million dollars if they make minimum payments

>>520994942
food stamps exist to feed niggers and spics

>>520995009
the biggest racial group on food stamps are whites

>>520994807
millenial and zoomer are entitled to an economy that don't fuck them in the ass all their life and throw them in the streets at the end
they're entitled to an economy that doesn print infinite money and keep it all to itself and redistribute it like filthy communists
I don't remember where in the social contract was it written that zoomer and millenial would have to accept an historic lowering of their living standards to facilitate a broken system that profit exclusively to a few unproductive elements of societies
zoomer and millenials have the right to own a home really owning it not slaving away their life to banks for a totally insanely disconnected from reality imaginary number
zoomer have the right to live in a country that respect their time and life.
the social elites and bankster were too greedy too fast and their utopic forced communism is about to blow back in their face so hard it's going to make the 30 look like a jewish party
that 50 years mortgage is nothing short of pure enslavement to banks

>>520994523
Bruh the compounding from investments has to outperform that massive interest drag.
Even if you invest wisely, the 50 year mortgage racks up hundreds of thousands more in interest over its life.
Your hypothetical is only true if
>investment returns are high and steady
>the investor is disciplined
>mortgage rates stay relatively low
>there are no early repayment penalties
In the real world tho, the above just doesn't happen and if it does they're exceptions to the rule.

>>520995160
"whites" when food stamps were created the US was basically at peak performance meaning most of the people qualifying for them would have been illegals and browns living in the major cities. Immediately after creating food stamps the US economy collapsed and never recovered meaning... what? Even more brown people are permanently on food stamps which was created during a time of unprecedented prosperity. Programs like food stamps actually bankrupted the US yet we still feed the niggers and spics because they would literally die without it because they're so worthless and shit out so many kids while not having jobs

White males of once rebel stock have been utterly routed into subjects these last 17 years lol

>>520990317 (OP)
Miggers will continue to surprice

>>520995257
You have no idea what the fuck you're talking about. This shit is some of the most studied topics in finance. I'm not making some ridiculous claim, this is bog standard basic ass bread and butter investing advice.

People have done the math on this. You are completely wrong. There's nothing else to say here -- you're just completely wrong.

Also
>mortgage rates stay relatively low
lol canadian

how are miggers going to survive another 3 years of this orange clown?

>>520995338
and it's hilarious trump would rather starve people than fixing the horrible work market lmao

>>520995459
Hopefully you're joking because they have a cope for everything he has cucked on, most notably immigration.

>>520995490
It's easy to understand when you realize he's just another NWO kike just like every other modern president

>>520990317 (OP)
YOU WILL OWN NOTHING AND BE HAPPY

MAGA!

>>520995490
How do you fix bankruptcy you favela dwelling nigger? The US has been bankrupted by foreign countries and socialist shitsins within

Guess what happens when the US defaults on its debt, thirdies like you starve to death, you worthless little insect

Nobody is forcing you to get a 50 year mortgage,

>>520990729
>>520990609

>>520990317 (OP)
We wouldn't need such large mortgages if we didn't have mass immigration and so on driving up housing prices. A vote for deportation of browns and closed borders is a vote for low housing prices.

wtf is a 50 year mortgage?
i'm not gonna live 50 more years

>>520992737
That would mean some Jew or goyim that acts like a Jew, wouldn't make as much. They wouldn't even lose money, they just wouldn't make as much. Which is unacceptable to them and thus to the government.

>>520990317 (OP)
Yes, yes they can. You would have thought Rock bottom would have been covering for the Epstein files. Yet here we are, next is him outright saying give me your children, and these morons will do so.

>>520995793
Indentured servitude
Trump only works for jews

>>520995734
our country survived 200 years of real poverty
the only people who are going to starve are amerigoblins

>>520995689
>MAGA is a coalition of white nationalists.....
Alrighty then kek

>>520995901
you don't have a country you have a zoo full of actual automatons run by drug dealers. You don't have any culture either

>>520995986
your country is run by pedophiles

>>520996039
Your country is just a smuggling hub full of jeet tier gypsies

>>520990317 (OP)
Oh boy, can't wait to pay 500,000 for a 100,000 home instead of 300,000.....

How about we get wall street out of main street and turn homes back into homes instead of mortgage becked securities.

>>520990317 (OP)
You're a moron don't talk about things you don't understand. If Canada had 50 year mortgages I might actually be able to afford a house in Toronto in my lifetime. Trump is saving America. Every American should be praying each night that Trump stays as president.

>>520996089
and yours is run by kikes and pedophiles

>>520996186
Mexicans molest their children like crazy your entire race is trash that should be nuked

>>520995160
guess it's not racist to end food stamps then
you lose

>>520996221
and trump covers up the crimes of pedophiles

>>520996382
*mexican literally fingerbanging his 8 year old cousin*
>yeah well at least we aren't those stinky americans
what would humanity lose if all hispanics were dead?

>>520996462
an amazing cuisine

now nuke america and you fix 90% of human trafficking

>>520990317 (OP)
>lower barrier to entry
>can pay however much want over the premium
>inb4 paying more interest to jews
How is it not good? You don't have to make the minimum payments. Any reasonable and responsible person would be progressing in life to the point that they could 25-75% more than the minimum mortgage. If you aren't striving for more in life, then yeah, you're fucked with a 50 year mortgage. But for non-retards starting out in life, post-college/trade school, this will be a good venture to level the playing field. You get a fast-pass to building equity. Again, if you just pay the minimum like a lot of retards do with student loans, then yeah, you'll be fucked. Fucked hard.

>>520995454
lol little bro you're crashing out and can't refute anything I said.
Market returns fluctuate and whatever the % is its not guaranteed.
The 50 year borrower pays nearly $700,000 more in interest, builds equity way slower, and carries debt almost their entire life and not only that you would have to RELIGOUSLY INVEST EVERY SAVED DOLLAR FOR 50 YEARS.
Go talk to a financial planner about this and I bet you he'll smack the shit out you and tell you it's WISER to do this on a 25-30 year mortgage PLUS INVESTING ON THE SIDE.
Listen I get it you watched Wolf of Wall Street and probably look a little like Jonah Hill pre ozempic but that doesn't mean you know anything about investments and your posts prove that.

>>520996548
Your food is all invented within the last 100 years by white people. Nachos were invented in the 70's at a sportsball game

You have 0 culture

>>520993867
but, if you die, how will you pay it back?

>>520990924
STFU kangaroo jack nobody asked for your hot take

>>520996570
What is there to refute? You don't have a point. Yes, the market fluctuates. We're talking about lifespan investments. We're using averages over literal decades. Pay attention. Keep up. You can do that, right?

>>520994973
If the issue with 30 year mortgages is that people can't afford the monthly payments, how will a 50 year mortgage fix that when the monthly payments will only decrease by 5%?

>>520995793
You are basically renting your house from the bank.

Instead of renting your house direct you are renting a mortgage.....

No goy, don't listen to him, you are buying this house, honest.

>>520990461
It doesn't and it actually empowers them even more

>>520996555
Or they could just build more houses to drive down the cost of both renting and owning
But with the 50 year mortgage you get to be a lifelong debtor slave while also propping up the exploitive real estate market
Not to mention increased access to these mortgages will drive up the costs anyway

>>520990461
Trump? MIGA? Stopping Jews? LOL

>>520996786
>doesn't realize houses are so expensive because socialists mandated mortgage culture so that minorities could leave their ghettos and move into white neighborhoods
Trump's just following the "american dream" of importing jeets and niggers into white suburbia which FDR and LBJ created

>>520991366
And Trump isn't doing a damn thing about it

>>520996924
50 year mortgages will fix it

>>520990461
>MIGA
>stopping jews

>>520990461
>Does this new banking trick Trumpstein is pimping have anything to do with stopping the jews?

>>520996924
Democrats are basically seceding from the union in order to keep brown people in their cities LOL

>>520996746
Won't fix anything. Just more enslavement and more money for the people fucking us all over.

>>520990317 (OP)
How are they bad exactly? If you make more you can make more payments and it won't be 50 years. I did a 30 year mortgage in 10 years

>>520990317 (OP)
it's not doing anything to fix the cost-of-housing situation - quite the opposite since it stimulates demand and thus burdens supply - but it's at least a near term bandaid on the lack of homeownership among younger people, aligning their interests in a way where they aren't so rentoidbrained

>>520997097
how about making houses more affordable instead of longer credits

>>520997135
Okay maybe we should build favelas like you

>>520990461
Fannie Mae and Freddie Mac (the government-sponsored entities that purchase most US mortgages) are removing the minimum credit score threshold for a home loan.

Separately, Donald Trump proposed 50-year mortgages. Monthly payments compared to a typical 30-year loan would be about 10% lower while insterests would be roughly 3 times as high. Jews win (again).

In the early 2000’s, the government forced banks to give sub-prime and ARM loans to people with less-than-perfect credit (niggers, Mexicans, and assorted poor people). This led to the housing collapse in 2008. The removal of credit scores and 50-year mortgages will have the same outcome.

>credit score bad!
>it’s Jews!
Not really. It’s an apt way of figuring out who’s financially responsible and who isn’t.

>>520990317 (OP)
They’re not good and only foolish people will get them

>>520991531
>>520992821
>groyper kikes defending immigration
Checks out since your leader is a spic

>>520992917
YOur interest is front loaded. The more early payments you make goes towards total interest btw (still is a good thing to pay off sooner)

You build equity in the later years of the mortgage.

>>520990491
>>520991415

>>520997176
and then Americans voted for a kike puppet who has made his fortune from real state scams lol

>>520990924
Disingenuous faggot retard

Trump ended the image of white interests represented by the republicans

Just like it was done to the democrats before

So now we'll have two fake commie parties

Reality is there was a time when europe was too shit to stay. And now that america too. Not so much poverty just the forsakeness is embarassing. All these coloreds and freaks think thus country is for them ...let em have it without any of us around and lock them in there so they cant follow us. Because that seems to be a new age right ...you can live on the white mans head and he cant redeem

I want out

>>520997135
People have suggested kicking out illegals to do that in this thread and you groyper kikes attacked that. Regardless there is nothing wrong with a 50 year mortgage. It would be smarter to do that then rent

>>520991366
Look at all the white genocide supporting JIDF kikes that responded to you. Holy cow.

>>520997344
how about making houses more affordbale

>>520990491
>>520990317 (OP)
These racist nazi trannies are out of control! I will NOT stand for ANYONE defending whites. Whites do not have a right to exist. Trump is right to allow white genocide to continue. MAGA 2028 baby. Fuck Nazis and fuck white trannies.

>>520997526
So a tornado can blow them away

>>520997526
I just answered that. There is literally nothing wrong with 50 year mortgages even when home prices go down

>>520997526
Sorry, need to import 14 trillion people because line must go up.

>>520997683
except prices aren't going down lol

>>520997683
The problem is while people period.

>>520997775
What is wrong with 50 year mortgages lmao?

>>520997859
I thought housing shouldn't be an investment?

>>520991366
homie never heard of Keynesian economix lmao lol rofl

>>520997859
Trannies and Indians are hating that Trump is making housing affordable

>>520997927
>can't answer a simple question which is the literal thread topic
Lmoa I accept your concession spic

What needs to happen is to get government entirely out of housing and let the market decide what people want and at what price

>>520996555
>>lower barrier to entry
>How is it not good?

>>520996745
>What is there to refute?
Your hypothetical doesn't take into account
>in debt your entire life
>vulnerable to job loss and income shock
>no equity for 15 years
>interest rates can rise
Not only these but you’re burning six figures in extra interest just to invest a bit more.
That’s not leverage that’s leakage and that's what you're avoiding to refute along with not refuting that paying off a mortgage is risk free whereas investing isn't.
Your too low iq for this discussion ramirez.

>>520990317 (OP)
Except they are good, you're able to collateralize your loans on more accrued fractions to save on marginal interest rates

>>520998195
how about making housing more affordbale instead of longer credits

>>520998059
>be me
>rent a place right out of college for 10+ years
>decide to move
>have nothing to show for it just wasted money
>Agent a cheap 50 year mortgage out of school
>10 years later decide to sell
>Sell home pay mortgage down and have extra money to invest in the next place I live
It's no surprise that NEET groypers and spics think this is bad

>>520998134
>in debt your entire life
And? What does it matter if the debt is low interest?
>vulnerable to job loss and income shock
And? This is the case for every scenario.
>no equity for 15 years
Completely incorrect and shows how shit your financial literacy is.
>interest rates can rise
lol canadian

The problem is boomers.

They bought a house in 1970 for 35,000 it's now worth 800,000 and they would have a fit if the price went down.....

>>520990317 (OP)
>50 year mortgage
wtf, first, is this real?
second, is this a trick to get people enslaved as early as possible or do they expect for people to work till they're 90+ years old or simply humiliation ritual + demoralizing?

50 years, hell, if rates changes slightly you're fucked beyond belief
>inb4 variable rates arent a thing anymore
50 year fixed rates either, best i've seen is 20 years fixed and then readjust

>>520998424
Do any of you groyper kikes understand how mortgages work? You aren't enslaved for 50 years. You can leave at any time sell the house which pays the mortgage and depending how long you lived there you will make out with more money than if you rented and got nothing

>>520998396
Blaming it on boomers is like blaming it on ghosts or Mormons.

>>520990317 (OP)
Daddy's flock are all in on 50 year mortgages as expected. The King has spoken.

>>520990317 (OP)
All loans should be interest only, with the ability to miss payments without retribution so long as the interest does not bring the principal above the original amount (adjusted for inflation). Interest should be calculated in Force Of Interest aka continuous compounding. A loan should be paid back only by optional overpayment of interest payments that reduce the principal. Finally loans should be made at a higher interest rate, and then when they are paid off to zero then the entire loan is recalculated at a lower interest rate and the difference returned (aka "The Return Of Interest" loan, like "Return Of Premium" insurances). This type of loan would require strong collateral, and maybe even overcollateralization.

>>520998424
>30 year fixed rate mortgages don't exist in Germany therefore they don't exist anywhere
Krauts are such fucking retards. We have 30 year fixed rates for a long ass time now. You can refi them if you want or just sell your home to upgrade to get equity out or just pay them off early. A 50 year mortgage changes nothing for us since people end up HELOC'ing to get equity out anyway. Boomers have basically lived off this shit anyway since they use their houses like piggy banks to take loans against basically for fun. Us Americans love debt so much we basically take out more of it just for fun.

>>520998506
>You can leave at any time
Stop posting. You are too dumb to post here. Never post here again.

>>520990317 (OP)
The mortgages are why the prices are so high. Is everyone retarded?

>>520998719
Do you know what a mortgage is kike? It's a loan to pay cost of your house. If you decide you want to move you sell that house at any time and the debt is paid off. You can pay as much as you want at any time

>>520998598
Found the boomer......

It's the Joooosssss

Don't you dare let my equity go down one penny.

A 50 year mortage may be a way to get you through the door to getting a home. I'd refinance that shit to a 15 year loan asap Jews have probably inserted all kinds of penalties to stop refinancing of these loans. Research is required.

>>520993384
This ONLY works with non-stop inflation.

>>520998424
It's just communism by another name. Look up communist ground rent

>>520990317 (OP)
Banks are literally just modern nobility. "Nobility" is just a made up idea that says some people magically have special rights that others don't. Being a bank - having a bank charter - literally just being given the right to print money. Banks DO NOT lend you money they physically or digitally have, they are printing the money from nothing when they lend. Then, you have to pay interest on it or the government seizes your house and gives it to the bank. That's literally all it its.

Interview with the economist who discovered that banks print money from nothing:
https://www.youtube.com/watch?v=StTKHskg5Tg
More from the guy who discovered banks print money from nothing:
https://banklies.org/
His paper in which he proves banks print money from nothing:
https://www.sciencedirect.com/science/article/pii/S1057521914001070

>>520999146
This is true. I agree with your statement. But my counterpoint is: do you really think we're going to stop experiencing non-stop inflation any time soon?

I'd love if it stopped, I'd love it if we fixed this shit, but I can't make financial decisions off of hopes and dreams.

>>520996555
wasted trips. even if you pay back more than the minimum per month, more of what you pay back will be interest than if it were a 30 year mortgage. lower barrier to entry means more retards will buy houses who can't actually afford them, which will raise prices across the board.

>>520999717
The interest itself is tax deductible, smart money is to find the house you want, make the minimum payment each month at the start, and then pay off in a lump sum the remaining principle as fast as you can. Paying off any principal before then is wasted money unless you retarget.

>>520990317 (OP)
>make it so that you never really pay back your mortgage, basically paying rent to the bank for the rest of your life
>if it's $1k a month on a 20 year mortgage, and the new 50 year ones start off at $500 a month, prices will rise on a 50 year mortgage to $1k a month to fill the gap, and the 20 year mortgage will climb to $2k a month, making it even harder for anyone to pay off their homes
Welcome to Trump's economics, where reality doesn't matter and his shitty business skills have fucked Americans again.

>>520999717
It is still better than renting kike since you will have money at the end to show for it

>>520998314
>What does it matter if the debt is low interest?
Only relatively, on a 50 year mortgage for $500,000 you'd pay over +$850,000 in interest whereas a 30 year mortgage you'd pay half that.
So to a mouth breathing retard like yourself it has a low monthly interest burden but in reality the interest paid in those 50 years is way higher.
>And? This is the case for every scenario.
Monthly payments are higher, but the loan is paid off sooner.
You have fewer years of debt hanging over you, which limits long-term exposure.
The total financial risk is finite; after 30 years, you’re done.
For the 50 year mortgage borrower you're more exposed to income shock and being stuck with long term debt like this will give you little room to recover lol.
>Completely incorrect and shows how shit your financial literacy is.
On God you are the dumbest nigger I've ever encountered on /news/.
Ima spit game to you right now bitch nigga, peep this.
It's this simple, THE LONGER THE TERM, THE LOWER THE PRINCIPAL IS PAID DOWN.
Every month you pay $2300, but almost $2100 goes to the bank and only $200 to you.
It’s like trying to eat a giant cake with a tiny spoon for fat little manlets that look like Jonah Hill pre ozempic and still barely touching it after 15 years.
>lol canadian
It's cucknadian to you mutt.

>>521000304
>another 3rd world kike NEET who has no idea how mortgages work

>>520990317 (OP)
its the right wing version of
>you will own nothing and be happy

>>521000304
>if it's $1k a month on a 20 year mortgage, and the new 50 year ones start off at $500 a month
That's not how it works, this shit isn't linear. $1k on a 20 year loan is like $895 on a 50 year loan.
It's a complete and total scam and the "reduced barrier to entry" is a meme parroted by financially illiterate mongos.

>>521000407
>But the interest over time is higher
The pay it off earlier. It's literally that simple. Anyone taking out a loan with any sort of early payment penalty is fucking retarded. 50 years of flexibility would be nice although overkill for most people unless you're damn sure you can beat the extra % on a 30 or a 15 year loan over the course of the lifetime of the loan itself, but you can always pay it off anytime you want between then.

>>521000407
Jesus christ you have no idea what the fuck you're talking about. You actually think most equity comes from paying down principal? No, you double nigger, most equity comes from the asset rising in price. You could have an interest only loan where you NEVER pay down principle and after 15 years you'd still have huge amounts of equity -- because the asset went up in value but the debt didn't.

You're just a fucking moron. You can only look at big number and think number big. You fail to understand that in the future ALL numbers are big. That's how the system works. You have no grasp of how compound interest actually functions.

>>521000528
I very obviously wasn't giving exact figures, the point being made is that having a longer-term mortgage eventually raises the costs of shorter-term mortgages.

>>521000657
Too bad the line can't, and won't, always go up.

>>520996651
That's the best part, anon.

>>521000270
Fair enough, but how many people do you think will actually do that? For every person who doesn't, housing prices will go up.

>>521000383
>if you don't think people should be expected to sign 50 year contracts to pay 2x principal in interest to kikes you're a kike
subhuman detected

>>520996651
You probably already have paid it back by then, it's just the interest you'd still be paying. The bank then gets to come along and take your house, because you didn't finish giving them all the excess money they've decided you still owe from interest!

>>521000976
You are not stuck on it for 50 years you retarded kike NEET you can sell your house at any time

>>521000762
It'll all come crashing down eventually. When that happens it wont' be because of some market crash, but because the US govt itself has collapsed and the US fractures into half a dozen different regional states. And when that happens, guess what? Owning property is one of the best things you can do. Gold is better, but property is quite good too. Who gives a shit if there's a piece of paper filed in a cabinet in some now failed bank in some now foreign country says they actually own your plot of land? When shit hits the fan possession will become 10/10ths of the law and it won't matter what the fuck else you did.

>>520990317 (OP)
Trump's plan will make your economic situation worse for very little benefit.
$200,000 house, 8% interest mortgage:

30 year mortgage -
$1467.53 monthly mortgage payment
360 payments
$217,718 total interest paid

50 year mortgage -
$1358.55 monthly mortgage payment
420 monthly payments
$235,813 total interest paid

Pro: You pay $100 less per month
Con: You give the bank $18,000 more in interest
Con: The bank owns your house an extra 20 years
Con: It's more expensive to take advantage of future interest rates that might be lower

>>521001402
>Con: You give the bank $18,000 more in interest
You don't if you pay it off early.
>Con: The bank owns your house an extra 20 years
Then do a 15 or 30 year or pay it off early.
>Con: It's more expensive to take advantage of future interest rates that might be lower
You have 50 years to refi if there's a better rate available or your safe against a rate increase if we ever see rates go 15%+ again like it was 40 years ago.
The amount of financial illiteracy on this website is astounding.

>>521000657
>that post
LMAO THIS NIGGER REALLY JUST SAID THIS SHIT
Eh yo fatty peep dis
let's say ur home cost $500,000 and increases by 3%
in 15 years your house will be valued at $777,000 if we does sum maths right?
yo that shit is amazing my nigga but geuss what?
YOU STILL OWE HALF A MILL
DATS 500 BANDZ MY NIGGA
more like 460 but still
YOU CANT ACCESS DAT SHIT WITOUT SELLIN OR TAKING OUT A HOME EQUITY LOAN BITCH NIGGA ONLY MAKIN DAT SHIT PAPER WEALTH
so let's say you paid off your 50 year mortgage and now your house is valued at $2.2 million, that doesn't mean shit because you paid half of that in interest alone.
Go to sleep nigga.

>>521001777
Go to bed, Pradesh. You'll have better luck convincing people you know what you're talking about next thread. We're talking about first world finances here, as a third world canadian it's understandable that you don't get it.

>>520990609
Nice thinking boomers do be liek dat

>>520996651
they will garnish your children's wages

>>520991192
they needed Nixon to open up to China, they needed Trump to do the great reset...

Why are there so many NEET retards that think you can't pay a mortgage off early or sell your home and pay off your loan earlier if you want to move?

>>520991740
a lot of people in the right just wanted better propaganda while the jews took everything from them, now they are happy

>>521002310
Yea just ignore how Clinton opened up to China too kike

>>521002040
You lost mutt.

>>520995735
nobody is forcing you to live in a country full of niggers and indians, you always have the option to kys

>>520997341
>two fake commie parties
Au contraire... Nothing fake about their love of communism.

>>520997526
>Mexicans are natural antisemites.
Based.

>>521001284
>just sell your house and get another 50 year mortgage
lmao and you call me a kike?

>>520990317 (OP)
Mortgages artificially inflate the cost of housing.
Americans are too dumb to realize this.

>>521002459
>but you can pay it off early
and for every retard who doesn't, the price of all houses goes up

>just sell it and move
most people want to buy a house to actually live in it and not be rootless cosmopolitans

>>520991394
You are giving trillions to Israel

i'm impressed with the amount of kikes in this thread
>housing is an invesmtent and not to live in
fine if worth of house goes up and i can sell to early repay, and then what? i'm without money and without house again and for bonus older, this time with just increased housting prices while wages didnt expire the same increase
kys all kikes, next holocaust will happen, this time for real

>>521003158
Yeah, but those trillions were promised to Israel 3,000 years ago by God himself.

One way or another, you're gonna realize he was right all along.

>>520998396
SO fucking what. In our lifetime that 800 000 house will be something like 9-10 million+....

>>520990317 (OP)
Compound interest loans for 50 years?

Make me Jewish now

>>520997344
depends if you plan to pay off early. there is certianly something very wrong with expecting to pay something off over 50 years when most people wouldnt even own the house on death. you usually assuming working a real job at 20 would be 70 by the time its paid off. big red flag there too.

>>520990317 (OP)
50 yr mortgages have been around for at least 20 years.

https://www.nbcnews.com/id/wbna13187964

>>521008011
Only 30 years left!

>>520990461
Nah, just with guaranteeing them more money for more time instead

>>521008093
you dont really understand how any of it works
you dont even know what amortization is

there's a reason you're too poor to own a home

>>521008463
Shut up, you insufferable jewleaf. It's all very east to understand, you just like to pretend usury is all far to complicated for the goy to understand.

>reelected to fix biden's shitshow
>um have you considered placing yourself under 50 years of debt slavery? my son in law gives the best rates, maybe ever.
this country is beyond screwed.

>>520990461
>Typical mortgage lasts 50 years instead of 30
>Means monthly payments are 10% less but overall cost of mortgage is 100% (literally) more
>Allows house prices to continue to go up
That's pretty much it