Thread 521087522

>>521087522 (OP)
Why do shitlibs not know what usury is?

>>521087522 (OP)
are they necessarily taking the 30-year option off the table? i dont see any problem with there being a 50-year option for those who want it. 15-year is an option now too.

>>521087674
Yeah 6% over 50 years is totally not usury

>>521087522 (OP)
>trump supporters cheering
we're not
T is a retard and has been since the beginning. Nothing but a liability

>>521087522 (OP)
>why do Republicans love the same things Jews love?
I’m sure it’s just a weird cohencidence.

white people have lived in servitude to oligarchs and monarchies for thousands of years, this is just their natural conclusion

aka they fell for it again

>>521087676
The problem is that people will jump on the 50 term because it lowers payments and will be the new "meta", which will just increase loan principals.

>>521087522 (OP)
>put money saved in S&P 500
>gain 10 million dollars over 50 years
>pay off house as a rich white male

the super majority of homeowners never pay off the mortgage in their own lifetime, so not an issue. housing has been left up to bagholders since the 80s

>>521087522 (OP)
It's boomers not republicans. Boomers took control of the government with their own version of Mao's communist revolution way back in the 60's and they are STILL in power 60 years later.

>>521090131
ok no-homer

>>521087676
The problem in most areas is that THERE AREN'T ENOUGH FUCKING HOUSES, not that people can't borrow enough money.

>>521089521
The point is that you'll be dead before you ever actually pay it, thus saving money in the long term and fucking over the bank

>>521089728
You literally voted for him for the 50 year mortgage.

>>521087522 (OP)
If you oppose a 50 year mortgage I unironically would have you tossed in a prison.

Trying to take away other peoples human rights is a disgusting

>>521090200
If you oppose 50 year mortgages you’re a traitor

>>521087522 (OP)
We need to overthrow the US government

>>521089884
Yet Trump is creating a 50 year mortgage so you can join the Oligarchs/Aristocrats and rule the world, yet you still won’t admit he’s good

You fell for Kamala Harris and CNN

>>521089521
Ah yeah because a 50 year mortgage totally isn’t a human right

>>521090485
renter for life, bank becomes forever landlord, you will own nothing goy.

>>521090713
We need to toss anybody who opposes 50 year mortgages in federal prisons

>>521090768
If you pay off your mortgage then you’ll own nothing.

Having a mortgage is a human right

>>521087522 (OP)
Do republican areas need 50 year mortgages? I'm betting no.
But democrat run areas do.

>>521090376
im not gonna brag about having twenty three years left on a mortgage

>>521090843
Doesn’t matter if you need it, it’s a human right

>>521090907
I would brag about choosing the 50 year option

>>521089925
>increase loan principals
how?
isnt the principal the cost of the house?

>>521087522 (OP)
Capitalism is just legalized usury

>>521091142
They’re completely retarded

Anyone who wouldn’t choose 50 years is not only financially and mathematically retarded but they’re stupid in general

>>521091142
>>521091142
>isnt the principal the cost of the house?
Well, the amount of money borrowed to buy the house, but yes. It will increase the cost in a similar way to how a lower interest rate does; people can "afford" more.

>>521091264
Literal schizophrenia

>>521090050
>just become a millionaire and all is well

>>521087522 (OP)
it's better than renting you fucking ingrate, DJT tries to help and you keep shitting on him

>>521087522 (OP)
Who gives a shit? Almost nobody ever pays of a house anymore. The people that do have paid homes fucking paid it off 30 years ago. And a home never stays in a family more than 1 generation. The kids inherit that shit and sell it off immediately so they can buy more Funko Pops. Only the truly wealthy have multi-generational homes.

>>521091461
Trump is literally giving you the tools to become a millionnaire

>>521091518
I unironically would have anyone complaining about this tossed in a federal cell

Truly disgusting people

>>521087522 (OP)
do you know why poor people are trash? because you give them options and they cry about being exploited

nobody is forcing you to drown in debt for your gender studies degree
nobody is forcing you to buy pizza on credit
nobody is forcing you to sign a 50 year loan instead of a 5 year one
these are all OPTIONS you can voluntarily use if you believe they are appropriate for you
you heap of filth

>>521091142
there are two factors in a mortgage: principal and interest. there is a maximum amount of money an individual can spend on a house: their income/family money. when interest rates are "cheap," housing principal increases to balance. when housing prices are cheap, interest rates increase to balance. the two are inevitable and no amount of political or financial fuckery can change the balance entirely. with the amount of fiat on the planet, we can never have cheap housing and cheap interest rates. the only people who come out ahead buy when housing is cheap and refinance when housing craters and rates inevitably decrease. theres a reason EVERYONE is talking about how ridiculous the current situation of high rates and high housing prices exists. every generation prior to now never had to worry about housing every other year. so fuckin tired

>>521091865
No one forced Jews to move to Germany or America so then it's perfectly valid to kick them out. If they don't like the consequences then they should have made different choices.

Buy a house, get the equity, sell it when you want to move up or just move. Do retarded redditors think that once you buy a house you can't ever sell it and move until 50 years? Are you fucking kidding me? Are redditors really this fucking stupid? Should we take away their right to vote for being so dumb? Should we move them to another country? How do these idiots survive?

>>521087674
Did you happen to catch ben shapiros amazing podcast today fellow MIGA bro?

>>521090965
if 50 years do come to america, being a first mover taking advantage of it will actually be a smart financial move. housing is like the most illiquid thing on the planet, and getting in before every real property has value attached to a 50 year mortgage will be an actual investment. i hate jews so much

>>521090485
you will be dead if you are lucky. If you are not lucky the house will rot away before you even finish paying it

>>521092311
You're right and it makes me want to ROPE.

All my country is bank cucked, it does not enter anyones mind to just buy things with money at 0% interest.

>>521087522 (OP)
Yeah that's like paying twice as much only to save like a few hundred a month. That's fucking horrible dog shit.
another miga victory though
Let me show you guys the math, please this is not a win for the people. This is just another jewish scam using numbers to preform usury against the goy while making education terrible so the goy CANNOT know better.
The math is designed to compute how much is needed to pay off the principle in some number of months (600 months is 50 years) given the interest rate.
Monthly Payments = P*r *(1+r)^n / ((1+r)^n)-1
r is the monthly rate, n is the total months, and P is principle
At 30 years for a 400k house that's about 2398 per month
At 50 years thats 2105 per month.
You saved less than 300 dollars a month.
So after 50 years you save 180k but paid around 1.2 million.
Compared to 800k
So congratulations you spend almost 400k more but saved almost 180k, so that's about a 220k loss after 50 years. Versus just paying that 300 dollars for 30 years at a 108k loss.
You could think about it as if you work for 20 an hour, that's 15 hours a month you saved... but also that's only like less than a hour a day
And from that perspective it actually reveals why it actually won't qualify you for very much better than a 30 year loan. But also something better would just be more expensive anyways destroying the whole point... except it reveals the entire fucking point
This isn't for the people, the only people who benefit from this are people who will save in volume and never cared about paying off their whole mortgage anyways. Millionaires and the ultra rich. This isn't a mortgage for the people, it only screws over normal people, remember the 220k loss? For a secured loan what's at risk? The property itself. Rich people don't give a fuck they will save thousands. Also it clearly benefits the realty industry for short term, as well as people who buy properties to rent, another volumized benefit for people who don't even pay theirmortgage.

>>521087522 (OP)
who the fuck is cheering for 50 year mortgages? only the banks are cheering for this because it means that they will own all the houses.

My house was paid off back in the 1980s. Now it's just property taxes

>>521094725
And that's something else to consider. When you're 60 do you really want to still be working to make your monthly payments until you're 80 and then lose your means of living and end up homeless cause you defaulted with still around 500k in payment due over the next 20 years.
This is literally the definition of usury.
Zognald just gave us the official MIGA mortgage.