Thread 521233246

What in the holy everliving fuck is a "portable mortgage"???

A PORTA POTTY

>>521233246 (OP)
It's like a porta-potty, full of shit.

>>521233246 (OP)
I would assume it's generational debt. Mom and Dad buy a house and when they die you get to pay the debt off the house for the next 50 years. Then when you die your children get to pay the debt off for the next 50 years after that. We are more fucked up than communist China now.

>>521233246 (OP)
>forever mortgages subscription
>forever vehicle subscription
>forever food subscription
YOU WILL GO TO JEW DAYCARE EVERY DAY AND ENJOY YOUR TWO WEEKS OFF A YEAR

>>521233246 (OP)
I have a $160,000 principal remaining on my 3% mortgage. I should be able to sell my house and transfer that $160,000 loan to my new house. I can take out a separate loan on the remainder of whatever the new house costs. With mortgage transfer fees equal to 6% of the new home price, of course.

ahh yes i can hand down my 50 year mortgage down to my kids

>>521233246 (OP)
as far as I know, it means you can ask your current lender to lend you more money under the same conditions as the original mortgage.

>>521233735
It’s not “portable” person to person, it’s “portable” house to house. It’s to alleviate “lock in” where you don’t want to move because you got such a great rate. You can take your rate with you! (At least on the original loan balance).

Don’t forget to tip your lender!

>>521233246 (OP)
This faggot was supposed to help the gmesisters and is instead doing this bullshit??

>>521233390
> it's generational debt.
This. Portable means transferable here. Americans seem to prefer words with fewer syllables even at the price of clarity.

Is it a PlayStation “portable” because you can give it to your children, or is it a PlayStation “portable” because you can take it with you somewhere else? Simpletons.

>>521233246 (OP)
"You will own nothing, and be happy" they told to right to your face.

>>521234190
information per syllable, I think english is one of the highest

>>521233246 (OP)
>>521234034
>>521234003
>>521234288
"You will own nothing and you will be happy. You will rent everything you need."
Is the full quote.

>>521233246 (OP)
maybe its what a retard would call assumable

>>521233246 (OP)
>>521233390
But boomers don't leave anything.

>>521234190
No, portable is actually more accurate, since 'transerable' could mean either between home purchases or between people.
'portable' implies movement between physical objects, thus is one person moving it between home purchases.

>>521233246 (OP)
It means you can change house without losing the 1% rate you originally gotwk8

>>521233246 (OP)
Jewish magic

A 50 year portable mortgage would be hilarious. You are renting from the bank instead of a landlord and now you are responsible for maintenance, repair, insurance. You will own nothing and be somehow even more miserable than before.

>>521233246 (OP)
Doesn't China have 99-year leases or something? Isn't that what you all want? To be more like China? Aren't you excited?

>>521233246 (OP)
generational debt for nigger cars would be so funny

>>521233246 (OP)
you will rent the house you """""""""own""""""""" forever, simple as
also be ready to defend that idea online if you are republican

>>521234190
Actually, in English, different words have distinct meanings.

Go look at what he was doing before he got put in his government position. Literally just hanging out with literal who 20 viewer streamers, scamming retards who thought Bed Bath and Beyond stock would spike after the company declared bankruptcy. All he knows how to do is make up complete horseshit to scam retards.

>>521233390
So, because people are beginning to notice kike landlords own too much of the country and our society is basically enslaved by them, they'll let us all become 'free' by paying the banks, which are owned by the same fucking tribe, for our own place - forever.

Neat trick jews.

>>521233246 (OP)
You write mortgage on a brick and throw it at a banker.

>>521233246 (OP)
if you move houses, or city/county/state/country, the debt will be transferred to whatever properties you own

congrats, you'll never miss a payment, even in death, you can still pay it off

>>521234034
why do people need to move so often anyway?

>>521235019
>different words have distinct meanings.
>subversive wordsmiths that love to play loosely with words, painting ambiguous and disingenuous narratives, banking on the generalities to help in their deception itt rn

>>521235940
people suck
brain worms
masons spreading shit in the air which makes people restless and causes them to go crazy (pandemonium)
moving helps clear ones mind

>>521233246 (OP)
>almost paying off home
>trade it for a different home
>still the same mortgage
Possible amendments to totals if you're trading for a better house, I imagine.

>>521233246 (OP)
>What in the holy everliving fuck is a "portable mortgage"???
It is a kind of mortgage where if you move you can transfer the mortgage to the new house instead of using the proceeds from the sale of the first house to pay off the first mortgage and then having to get a new, second mortgage on the new house.
They already have this kind of portable mortgages in the UK and Canada, but I think the reason they have them there is because they don't really have fixed rate mortgages, "fixed rate" there means ARM for most of the mortgage, and then just fixed rate for the last few years. So I guess there is a benefit for keeping the same mortgage vs getting a new one.
Here, the reason for having a portable mortgage is due to people not wanting to lose their low interest rates. There are a LOT of people who bought houses a few years ago and locked in a 3% mortgage rate. Now that interest rates have gone up, many of those people are reluctant to sell because they would have to give up their 3% mortgage and get a new ~6% mortgage on the new house.
With a portable mortgage, they could just transfer their current 3% mortgage to the new house.

>>521236106
You are financially illiterate and do not understand how mortgages work on even the most basic level.

>>521235902
Why would anyone apply for that? What is the perceived benefit?

>>521233666
You can already do this. As long as the mortgage lender agrees.

>>521233246 (OP)
A mortgage like a power bank you can pass on to your kids

>>521233246 (OP)
Just borrow a bunch of money all at once. Spend it on crypto and don't repay the debt. Simple as. What are they gonna do call your phone?

it's a nicer way of saying
>you're going to be a renter for life

>>521233390
Had a friend whose mom died and he was able to transfer the mortgage, although I think he was added as a cosigner on it before she passed. What was more disturbing was what he said he had to do that day, she passes at 3am, he gets home and passes out at 5am, is woken up at 7am by a developer taking measurements of the backyard saying that since the homeowner died he's either going to be sold the house for pennies on the dollar or put a lien on it so my friend had to go to the courthouse and the banks right when they opened to stop him. I cant imagine a worse hell than having to fight for my folks house less than 6 hours they died

>>521233246 (OP)
>What in the holy everliving fuck is a "portable mortgage"???

Take my mortgage, please!

>>521233504
>TWO WEEKS OFF
Right, because anyone here has ever got that outside of termination of employment.

>>521234451
Boomers will take out a 3rd mortgage and pass the debt onto their children GLADLY.
My own mother is 78 and she keeps saying she wants to take a mortgage on the house and "go traveling" with it.
I had to tell her she'll never pay it off in her lifetime and she'd leave me with the debt, and she went and tried to do it anyway.
Bank denied her due to age, luckily.

>>521234781
This. What the fuck are people going to do when they literally can't retire because the bank still owns their house?
>Inb4 just pay it off early
I'm 100% positive that the banks will be involved in this legislation to fuck every borrower. Why else would they assume a risk when you don't even have 50 productive working years to pay for it? Not that any of these shitbox track home will be standing in 20, so what do they plan on repossessing? I'm sure little Billy will be glad to know he can assume his parents mortgage on their 450k OSB clad shitbox just in time for literally every expensive mechanical and structural component to fail.

>>521236777
Wouldn't the debt just go to the estate and not you? Which is why they denied her.

>>521235940
Usually for career promotions or better opportunities.

>>521236233
I think its more upon your death, you can designate someone the option (but not the obligation) to take up your remaining debt to gain ownership of the property. Otherwise the bank takes ownership and manages the debt.

>>521233246 (OP)
Is this dude still pretending bed bath and beyond is coming back? Isn’t he some conspiracy theorist that GameStop and Bed Bath and Beyond are merging?

>>521236210
I'll whup your ass and beat you in chess, you pansy.

>>521236649
This is how America is pictured in 19th Century German immigrant literature. Nothing has changed it seems.

>>521233246 (OP)
When I told you niggers I live better than you in the US, you never believe me. It's the truth. I saw how you live when I visited. You are basically economic slaves.

Meanwhile I own 2 apartments and a house fully without any debt, mortgages, loans, etc. Something like 80% of the people here own their homes fully, one of the highest in the world iirc.

>>521233666
That plan sucks because you'd have to take out a second mortgage if you aren't paying the balance owed in cash and those are around 10%. Assumable mortgages only make sense if you can cover the delta with cash.

>>521233246 (OP)
OOOOHHHHH TRUMPIES! TIME FOR YOUR DAILY HUMILIATION RITUAL!
DONT FORGET TO SAY PLEASE AND THANK YOU :)

>>521233246 (OP)
That was a typo. He meant goyable mortgages

>>521233246 (OP)
Juden are jerkin the chain I see kek

>>521233246 (OP)
It's rent but done by the bank.

>>521233246 (OP)
I’gonna asdume its the opposite of inheritance; instead of passing on wealth, you pass on even more debt to your children.
Just another day in Hell

>>521233390
In all seriousness I think the idea is that if you want to pass on the house and your children want it, they can pick it up where you left off. It's that it resets to 50 years, it's that if you die with 7 years left to pay off they pick that up.

>>521233390
>generational debt
You know, my ancestors had generational wealth instead. Funny story.

>>521234288
I already own nothing, subscribed or not, and I'm not too happy. Klaus tricked us

>>521234451
Except debt and a house full of shit for you to clean up.

>>521238871
>It's that it resets to 50 years
It's NOT

>>521238734
>le fell for it again award meme
At least MAGA’s getting ICE raids done for us.
Where’s the lefts student loan relief? Affordable housing? Higher taxes on the millionaires and billionaires? Green energy subsidies? Free buses and daycare?
Lol

One of the bottlenecks going on in housing right now is people who want a bigger/smaller house staying put because they don't want their mortgage rates to double in the process. Should have obviously rolled out this idea before the 50 year mortgage...

>>521233390
That's already a loan product and it's referred to as an assumption loan where you take on an existing loan on a property.
A portable mortgage is kind of the opposite of that. You buy a property and sell the old one and instead of taking on a new loan on the purchased property, you transfer your existing loan. The lender pays for your new home using the proceeds of the sale of your current home and depending on whether there's extra money left, you either need to borrow more, or you get to keep the extra cash or apply it to the remaining principal of your loan. Benefit is you keep your current rate.

>>521234190
That's an assumable loan, and there's nothing that binds any of your descendants to have to assume the loan. You guys are all profoundly fucking dumb and don't understand what a fucking mortgage is, nor can you be bothered to google the damn thing.

>>521233390
Based. Tell your wife to smoke some crack while she's pregnant too. That way your kid will start out as a debt-slave crack head. Head start, no child left behind.

>>521235940
Women love moving: Center of attention for a day, excuse to buy all kinds of home furnishings, show off to "friends" how great your are doing, dopamine rush of new surroundings. I know single women that have move nearly every year.

>>521238871
That's not a portable loan. That's an assumable loan. Already something that exists. A portable loan is a loan you can carry over to a new property when you move under certain conditions. You're all fucking dumb.

>>521233390
Revolution, got it

We are seeing levels of kikery never seen before

>>521233666
Just pay cash.

>>521233390
90% of millenials in China OWN their home (you people said communism means NOT owning things)

Its almost like communism is better...

>>521236649
How did that even work? Why did the developer think it was his now, what financial instrument was he using?

>>521240369
Silly me! I forgot magically pulling money out of thin air when wages haven't increased in 45 years was the right choice!

>>521240511
>what financial instrument was he using?
fraud
i've heard of them claiming the dead parent hired him for work then didn't pay, threatening a lien on an already (at least on average) stressed estate

>>521233246 (OP)
Your ancestors died for this :)

>>521233246 (OP)
It's just renting. Why stop at 50yr mortgage? 90-18=72. Make a 75yr mortgage that can go house to house with you. Then you're just renting but with a permanent monthly bill even if you're not in a home you "own" for whatever reason (couch surfing).

You WILL own nothing and you WILL love it

>>521233246 (OP)
person who takes out mortgage dies, their children inherit their debt

>>521233246 (OP)

My bet is that it is either mortgage that you inherit or pass on, something that you cant opt out by not taking the inheritance, its force on you. Or its some global thing that you cant escape the debt to other country, it will be transferred to local banks or something, it follows you around.

>>521233246 (OP)
Instead of paying off and getting a new mortgage when you move you keep the same mortgage. I.e. if you locked in 3% you get to keep it when you move.

Mortgages for tents

>republicans seriously thought Klaus Schawb was going to turn them into permanent renters
>turns out it was conservatives and Trump all along

LMAOOOOO

>>521233246 (OP)
new tax for RVs

>>521244422
>they’re the same picture

>>521243658
That already happens in extreme cases, especially if something is passed between generations without the debt being paid somehow

>>521240511
Financial retardation / zero equity.

Lol

It’s not a bad idea. Say you got a mortgage for 500k, paid, let’s say 70k, you’d carry over 430k at whatever interest rate you had before (say 3%) and then if the house you’re moving into is 630k, you’d borrow 200k at a different interest rate, like the current ~6%.

Right now, if you have 2-3% mortgage, you have zero reason to voluntarily move. That means there’s fewer cheaper homes and more expensive homes on the market. Mainly it helps you to have a cheaper monthly payment.

>>521233246 (OP)
McMortgage

>>521234034
i wonder how it would effect the "front load" effect of mortgages. in a typical 30-year mortgage you spend a lot of the first portion paying off interest until you finally eat away enough at the principal.

let's say you were 10-15 years in your 30-year mortgage, if it were to be transferred to another house (assuming its a lateral move price/equity wise), would that avoid having your new loan be so front-heavy?

in theory, you should have enough equity and value (assuming it has increased since you bought) that a 15-20 year mortgage might make more sense than restarting a 30-year but just thinking about this interest/principal issue with "portable" mortgages.

imo the real solution would be allowing people to write off 100% of any interest paid in a tax year towards home/auto loans up to $500k each ($1m jointly). similar to the capital gains thing which needs to be increased to account for inflation as well.

>>521233246 (OP)
Infinity jeets and portable mortgages truly Americas golden age

>>521244149
I'm honestly surprised how long it took to get a correct answer.

>>521245871
It doesn't. It just turns debt into fake equity.

>>521245529
Nah that's retarded. What's actually going to happen is people will move from big houses they can't afford to maintain to smaller houses and drive up the market value calculations for both.

>>521235387
That is what a mortgage already is for pretty much everyone. The number of people who actually ever pay off a mortgage loan is like 0.8%. When reported on owned homes without mortgages they include rich fucks who paid cash on their 5 homes amd even corporations who buy out single family homes.

>>521233246 (OP)
It means you take it with you when you're dead because you'll still be paying it off

>>521235940
If you are not working the land, a single family home in a subdivision is just a blinged out apartment to flex you are not a poor. Despite the poor having more liquid cash now.

>what is the english language

From the .05 seconds it took my brain to identify these letters, and the words they form, it seems like a portable mortgage would something like going to the bank, getting approved for a mortgage, and then having a way to 'shop around' and switch houses if you want w\ the same mortgage.

Seems retarded but if they're talking about 50 year mortgages, everything is going to be retarded. What they should do is have HUD actively look for all section 8 spending, and stop letting landlords profit from government assistance. They should find every house bought w\ foreign money as a way to hide their money from their country of origin, and seize those houses to either be resold. Stop all investment firms from buying homes and turning them into rentals.

Put heavy regulations on people who try to own multiple homes in order to rent them. But I think this is all a scam.

I think the fact is that houses are a giant asset. And the banks are able to print unlimited money based on pretend assets. Maybe thats why some are built out of cardboard. They spend 100k putting up a house. Then they let an investment firm buy it for 300k. Then they say it's worth 500k, and the consumer gets a 50 year mortgage on 500k that at the 50 year term will have had them pay a few million in interest. It's a fucking ponzi scheme.

And this is one of the major ways that capitalism fails us.

>>521233246 (OP)
You can already do this, you just buy the house from the estate, I'd guess you can skip the credit check, income verification and interest rate negotiation, by inherenting a mortgage, but if the estate has a bunch of debt how will that work out? Do debtors just get to take the loss?

>>521233246 (OP)
>There are people ITT who haven't applied for and been approved for as many credit cards as possible
>maxed them all out
>blocked all incoming calls
>and never plan to pay it back
Why not? There's no prison for it, keep the limits low and they aren't likely to sue they'll just sell the debt to someone else
>but muh credit score
To buy what faggot? That $500000 condo?

>>521233246 (OP)
I think the only thing that this guy could do to satisfy me is jump in a wood chipper

>>521246105
>Infinity jeets
600k chinks actually.

>>521233246 (OP)
Ah yes the combo.
50 year mortage:
>"but that's too long, maybe I need to move in that timeframe.
worry not, we are making it portable, now get to it slave.

>Pulte
Isn't he a literal who lolcow who LARPs as a bigshot with connections?

Lmao

Are security swaps not common in the US? I do them all the time as a lender.

>>521250429
Anybody with a mortgage rate of <3% basically has a money printer on any halfway decent piece of real estate if they refi'd or bought a home during the pandemic. The property could sit unused, but appreciation would far out pace any interest paid on the loan. This basically leaves a whole lot of houses that people are locked into with no reason to list and a big reason why supply is still constrained. If they could keep their rate and move it to a different piece of land then that should add inventory to the market, but since we've never had that before there's no telling if it actually would or would it would actually do to asset prices.

>>521250817
we should seize all institutional investors that purchased residential real estate and publicly execute their entire board of directors and executive staff and auction their properties only to people who live within 50 miles of the properties.
The only 'financial instrument' solution to this issue is slaughtering financial speculators with increasingly violent instruments.

>>521250817
Anyone who had enough cash to lock in a <3% mortgage dgaf. This is only going to put niggers with no equity in competition with young people for smaller houses.

>>521233504
Literally "own nothing and be happy"

At some point people are going to have to acknowledge that physical revolt and physical removal of these people from power is necessary. They will never voluntarily go away, and trying to "negotiate" with them tacitly assumes they should have any agency or involvement in the affairs of society moving forward.

>>521237212
Exactly. The most important thing for you to be in modernity is a fungible widget that is so deracinated, so cultureless, so soulless, that you can be easily moved from any part of the country (or world) to any other part of the country (or world) when it becomes convenient to a corporation that you do so. So why not structure the mortgages that way? It's not like you'll get to stay anywhere for long.

Did you think the point of life had anything to do with enjoying longtime friends, staying near family, being part of a community, all of which requires a long commitment to one place and one group of people? Did you think that people are inherently valuable in some way? WRONG! WRONG YOU ASSHOLE, WRONG! YOUR ONLY VALUE IS GOING WHEREVER IS REQUIRED TO SQUEEZE OUT A FEW MORE DOLLARS OF GDP AND PUNCH OUT A COUPLE MORE COMPLEX FINANCIAL INSTRUMENTS TO PRETEND WE HAVE A REAL ECONOMY! FUCK! YOU!

>>521233246 (OP)
Anything except deport

>>521239339
ICE raids that are deporting illegals at a slower rate than even biden did
Good job MIGA!

>>521233246 (OP)
It's you owning nothing being happy quit complaining

>>521234451
Oh they'll leave you all the debt they can

>>521233246 (OP)
think of it like a huge weight permanently attached to your back.

>>521233246 (OP)
Slavery. Slaves got room and board. This is that.

>>521233246 (OP)
im guessing its something like your mortgage is attached to you, a slave account.

>>521233246 (OP)
so basically, fuck you if you didn't buy a house in 2020 or 2021

literally one big fuck you

now pay the 7% goy

>>521253286
>tfw bought in 2020
>in may when the market tanked during a 3 week window
gitgud

>>521234190
Portable does have a specific legislative connotation.
Moving from port to port.
Transferable means the same in English but portable keeps it under legal jurisdiction.
The idea is that while one can transfer mortgages already, a portable mortgage gets moved from a lost vessel to the harbour master in port. It can be handled by a man in the middle so to speak, who will then load that mortgage cargo onto the offspring's legal vessel by default and charge duties for the privilege.
Basically another complicated maritime law way of raping children.

>>521234781
Same thing as a triple net loan

Everyone waiting for a market correction following an economy crash which they'll never allow to happen so we're just sitting in the lobby shitposting until life starts.

>>521236862
>What the fuck are people going to do when they literally can't retire because the bank still owns their house?
Easy, anon, they get a reverse mortgage on the remaining equity, which runs out in about 5 years and now they're 75 years old and homeless. Off to the Medicaid nursing home.

Aren't you glad we aren't speaking German?

>>521233390
It is literally serfdom. Actual, literal serfdom.

>>521253472
i bought a fixer-upper house in cash earlier this year, i don't use kike banks (except for bills) and I own the deed to my property.

but that's still one giant fuck you to the current gen. great way to create a people that will not help out their fellow man

>>521233246 (OP)
I used to look up to Pulte on twitter as someone throwing money to those in need... now he comes off like an insane grifter

>>521239797
Thank you for the explanation while random kikes sperg about.

>>521239339
The right corrupted all of those.

I've been fighting student debt and for-profit colleges for 20 years. But now the queen grifter, Virginia Foxx is in charge of student debt. She WANTS the student debt to continue. She took those favors and donations from the scamster for-profit colleges and tried to blame students. The companies were literally exposed lying about stats/results/false promises to get the government money and shes like no its the students.

>>521250287
The chinks go home, the jeets never do.

>>521240371
No, they do not. State leases land on which housing is built for 70 years, and can kick you out if it at any time consideres that land to be more useful by being something else than your house. No generational housing is possible in there.

>>521239797
sounds like bankers figured a way to make real estate transfers simpler while not collecting the standard fees. this means they are giving up profit for the benefit of their customers.

this must be a lie. there has to be similar fees. or at least some other part you left out.

>>521254385
>The chinks go home, the jeets never do.
k, there's no issue with jeets the interview was about chinks.
And the cap being 600k is pretty meaningless when there's less than 60k demand

>>521233246 (OP)
Wait, that actually sounds like a decent idea and totally financially viable. You pay for home, the equity is there. This makes sense.
But the guy who gets your home next is a total sucker who had to pay for repairs that weren't listed as issues.

>>521233246 (OP)
sounds cute, I can carry around a portable mortgage with my tiny dog

>>521235387
Your alternative is getting a better job or living in combloc apartment buildings stacked floor to ceiling with minorities. Nobody in any government is going to blow up the real estate market like 2008 again.

>>521236755
mandatory 28 days here

>>521239797
>Benefit is you keep your current rate.
>>521254494


Interesting.... actually beneficial if buying a new property today for someone like me who doesn't want to move in fear of losing a great low rate.

(I'm in too big a home as a empty-nester, and currently would cost me more to move to a smaller one than stay in the big expensive one).

The benefit for the lenders... you're locked into using them in a very competitive market. So they lose some fee's, they have a guaranteed win.

>>521254560
>keeps it silly
based

>>521233246 (OP)
Portable mortgages are debts which cannot be discharged. If the borrower defaults, his children or next of kin have to pay the balance. The bank keeps the house, of course. It's Trump's new plan to MAGA.

>>521254557
>But the guy who gets your home next is a total sucker who had to pay for repairs that weren't listed as issues

I mean, a good inspection finds a lot and you negotiate a lot of that shit. When I bough my house I had them replace the roof, and pay for a lot of 'repairs' that needed to be redone.

>>521233246 (OP)
or ban owning residential housing you don't live in and ban compounding interest
allow the market to work

>>521233246 (OP)
Usually when you sell a house, you are expected to close the loan (i.e., pay it back). Most sellers do this with the money from selling the house.
When house prices fall, sellers may not be able to afford to close the loan and thus may not be able to afford to sell the house.

This is probably some way for the banks to keep that debt following people around. Maybe you can sell the house and refinance to a 50 year loan so you can afford to keep making the monthly payments on a house you don't have.

>>521233246 (OP)
it's serfdom

>>521233246 (OP)
>What in the holy everliving fuck is a "portable mortgage"???

It's a brand they burn into your forehead that says "GOOD GOY" in hebrew letters. That way you can carry the mark of jew wherever you go.

>>521254829
If you pay for a private home inspector that's likely. The people assigned to the state to check by default? They're so bad they will let a gas line leak and your roof have a fucking hole in it without even saying a word.

Go watch the viral south West U.S. home inspector that checks new builds. They're all absurdly bad. Like "this support beam is put in at an angle and has two random boards nailed to it for "support" bad". He's a scrawny ginger motherfucker but he proves all new homes are shit quite conclusively and legally actionable(ly) lol.

>>521254466
>State leases land on which housing is built for 70 years, and can kick you out if it at any time consideres that land to be more useful by being something else than your house.
Then why couldn't they kick out that guy whose house is in the middle of the road?

https://metro.co.uk/2025/01/24/man-refuses-leave-house-entire-motorway-built-around-22426067/

>>521233246 (OP)
here's a portable rope

>>521254753
not arguing the benefits to the consumer
>So they lose some fee's, they have a guaranteed win.
>a bird in the hand
I suppose that's possible. would need to assume choice of wisdom over greed but not entirely impossible. especially when the wisdom facilitates the greed.

>>521255288
My inspector was expensive but worth it in what I saved. He was overly detailed, to the point of OCD and ranked from minor things to ignore, through major required repairs.

I know that's not the typical case as it's not my first home. But another reason to really look for good service people near you, and befriend them. .. and know when it's worth some cash upfront to find out what skeletons are in the closet.

Yeah, NEVER use state inspectors.
They are burning hours, not caring about people coming back for repeat business or word of mouth through realitors.

>>521255738
DESU - my company does that all the time (not real estate but IT servicves, similar mentality though....). Smart companies tap clients over time, not fleecing them immediately once. I'd much rather a guranteed multi-year contract at a lower rate than a year-to-year where they can shop.

The competition is fearce.
Would rather I eat for the year, than feast for a month and worry....

Too bad there is generally too much greed in the world and people don't live like that anymore.,

>>521233246 (OP)
A different flavor of usury, in addition to such jew magic tricks like the reverse-mortgage and the 50-year-mortgage

>>521233246 (OP)
idk

>>521233246 (OP)
you pay after you die

Amazing how American elites have coerced average Americans into willingly becoming indentured servants / serfs through debt.

>>521240511
gigajewry

>What is a portable mortgage?
It's quite easy actually.
Your parents take loans and get into debt and for the bank and investors to have to cover that as a loss, should they die.. It's not profitable so with the new "portable mortgage" your children can inherit your shame. Brilliant, isn't it. It's their responsibility to cover those loans so you can live like a proper boomer with no consequences.
Hence "portable"

I support this if it is retroactive. I have a 2.6% mortgage with 25 years left on it and I want to move but with current interest rates I cannot afford the same home price as my current one.

>>521233390
holy shit its time to shoot the "elites"

>>521240371
>you people
you can just say you're a bolshevist jew, homie; you don't have to dance around it. Chinese people don't own their property, period. This was well established long ago, and has not changed for millennials in China.

>>521233246 (OP)
whoah hold the phone this is all very interesting but i think we should all take a moment and think back to that time the people in charge were doing medical experiments on the general public and take all those people and make them dig their own graves before we shoot them or we burn their families alive

You know in case you move into a White neighborhood and start a family but years later some leftoid kikes start stuffing lots of shitskins into the neighborhood and you just want to leave.

>>521233246 (OP)
im bout to join BLM riots fr nigga try me kike ass bitch EVALUATE THESE NUTS FUCKING JEW NIGGERAAAAAAAAAA% @!Q#%!@% !@QTJGFD

>>521236118
we have both fixed and variable in Canada

>>521233246 (OP)
Mortgaging vans now.

>>521235019
english is cooked bro
its a jewish language now
other than christcuck, every other word has been a product of jews/niggers. this is why you dont teach foreigners your language. starts mindfucking your allegiances

>>521233390
It isn’t, you hysterical retard. It allows you to apply an interest rate you’re already paying on an existing mortgage and apply it to a new property, assuming you sell the old property. Why do you niggers never do even the most basic research?

>>521233246 (OP)
maybe try looking at a fucking search engine for 3 seconds
>type of mortgage that allows a borrower to transfer their existing mortgage balance, along with the same interest rate and terms, to a new property when they move, without incurring penalties.

>>521233246 (OP)
Why do brown people brag about being financially illiterate?

americans will now be paying mortgages that span generations

>>521233246 (OP)
rootless cosmopolitan mortgage

>>521259327
i mean i think thats merciful

>>521234200
In doublespeak America it doesn't matter what words you use to describe a thing when you can lie without repercussions later.

>>521233246 (OP)
The next big thing to plunge us into a global recession.

>>521233390
As we all know, (((they))) will run this game so hard & long, FARRR past when a sane person would just relax, and let the gravy train ride. But, as it does every time, (((they))) will keep pushing until everything fails spectacularly. You can't make a basic shitty house 100+ years a Human labor. The house itself won't even last that long.

Unless they are ready to start killing people for building homes without permission....

portable water

>>521238871
It's not

>>521257754
yeah, crazy he wasnt mad at his parents for signing such a mortgage. maybe hes got jewish blood in the family

Sure Bill, I am actively investigating government criminal behavior.

You know, telling financial mortgage companies to breach contract is NOT investigating

>>521233246 (OP)
It is a mechanism to transport your money and property to jews.

>>521261556
>shamefag

>>521255288
>>521255767
They're both methodical and very lackluster.
Like one did not check the AC because it was off by default and turned on by a switch. They won't test that because if it turns out something smokes or catches fire (their exact words) they will get blamed for it.
He said the AC was fine after I pointed this out.
Then I move in and it flips the breaker after 2 minutes.

>>521235940
Because jews keep importing niggers to white neighbourhoods.

You told them to breach a contract. I fail to see why you can't be held accountable

STEERS AND QUEERS

no one expects the comptroller general
no one's even heard of him for a hundred years

>JUST PAY CASH JUST PAY CASH
Fucking Dave Ramsey worshipping nutsucking faggots with less than 3k in the bank bought their manufactured single wide and plopped it on 1.4 acres on the Mississippi delta think they know what life is like in the real world
>AT LEAST I'M FREE
no more free than anyone else, just poorer

>>521261926
Challenge accepted.

Please all of you elderly men keep trying.

>>521233246 (OP)
>What in the holy everliving fuck is a "portable mortgage"???
roll it over like a bad car loan, perpetual debt

>>521233246 (OP)
RV taxation

>>521240371
I was reading about china today. The average american has 900 sqft per person in a residence. Probably inflated by rich quite a bit so let's say 700 for median.
China is 170 sqft per person in a residence. They pack like rats in generational houses just like poos. Is your 90% rate counting only ones who purchased their own house or also counting those living in generational homes? Im sure you have a source for your data that you would like to share.

>>521262061
just another big fat blank sinecure

>>521233246 (OP)
Rechargeable mortgage wen?

>>521262294
And you are without your dementia meds

>>521262395
water subscription soon

You don’t need to buy a new house. Families should keep the same house and pass it on to their kids. When people live in the same place, there is community and culture.

America is a shithole.

>>521240511
That screams fraud, no fucking way is a rando from the bank showing up on the DAY of someone's death. Those bureaucratic fucks need paperwork first - death certificates, and all sorts of other crap. I mean you have to put an obit in the paper and that comes whenever you choose to put it in the paper. So no one knows a person is dead, officially, until you tell them, OR they miss payments and that shit stacks up after 2-3 months.

Someone popping up like that is a trespasser and needs to be shot.

>>521259402
That's what HOA interviews are for

>>521240511
DONNY TRUMP FORECLOSURE, WE SIT AT THE HOSPITAL FOR YOUR LAST BREATH AND GIT YER HOUSE.

>>521256965
Niggers were always serfs. Possibly excepting a brief period between WW2 and PBJ.

you are all retarded faggots. it's a locked in interest rate. this is still bad because it still gives boomers an edge in the real estate market, lots of them got that sweet 2.9% rate a few years ago

Trump is THE billionaires’ socialism President.

This guy was supposed to be a populist reformer. Absolutely surreal to watch this tailspin.

>>521254557
>You pay for home, the equity is there
The point is the equity isn't there. They use the debt as equity.
>But the guy who gets your home next is a total sucker who had to pay for repairs that weren't listed as issues
Yeah it destroys real wealth too.

>>521235940
It's called exercise

>>521263054
You'll be surprised how fast people move when given the opportunity to steal shit.

>>521264585
https://www.youtube.com/watch?v=X5MtATxkyHM

yes train very hard, big job

>>521233246 (OP)
>>521233390
GET REPUBLICUNTS OUT OF POWER RIGHT MEOW!!!

>>521237212
our grandparents didnt need to move towns or even move companies to get promotions and real raises
this is a problem unique to the modern age
the (((perpetrators))) are obvious, and trump kisses (((their))) ring

>>521233246 (OP)
so you mean debt?

>>521236649
that didn't happen

>>521233246 (OP)
transferring your mortgage to your new home, when you move houses, evaluation of the new property will be taken into account and the mortgage could be massaged a bit to fit the new conditions (the bank still wins tho).

>>521265134
https://www.youtube.com/watch?v=s690thIsGXs

you go in truck, meow

>>521233246 (OP)
>Man made horrors beyond comprehension

>>521233246 (OP)
How about zero interest mortgages for owner occupied homes? Why the FUCK should some jew get money out of nothing? Hundreds of thousands of dollars, contributing dick shit but using it to destroy whites.

>>521265608
They're already at or below 0 in real terms. Try making monthly payments in gold and see how that works.

>>521267343
Interest from jewish money printing is one of the main drivers of inflation. Make it literally zero. Money lending should not be obscenely profitable. Take away 90% of the mortgage market from these filthy, disgusting, yiddish rats.

>>521233666
Why not just sell your house, pay off the remaining principal on your mortgage, then use the rest of the profits from the sale as a down payment on the new house, while getting a new mortgage for the rest? It's functionally the same thing, just with fewer steps

>>521261849
This is the correct answer to that question. The entire U.S. housing market is valued by a balance between commute time, job prospects, and avoiding blacks.

>>521267444
i dont understand why you persist in poasting under your comical meme flag

>>521267444
Leaf, they create the inflation when they make the loan. It doesn't matter what the interest is. All debtniggers should be crushed under 20% interest and 5% deflation.

>>521268053
It ABSOLUTELY matters that half the fucking loan is interest you dumbfuck retard. That's more inflation people have to work for to give to shlomo.

>>521233246 (OP)
The loan is tied to the person for life and not to property. It's more obvious debt slavery than even 50-year mortgages.

>>521233246 (OP)
A new financial product which is so wonderful no one understands it so you can be paying compound interest forever and not even know.

It's really your own fault for not reading the small print that we don't let you look at.

Why would you take out a loan that you don't understand just because we lied to you at the bank?

Really this form of trickery is important for capitalism to work and without it we wouldn't have so many wonderful Jewish contributions like pornography and rap music.

So basically a portable mortgage is just getting a new mortgage on your new home for the rate your old mortgage was? How is that a bad thing? We had low interest rates for a decade. It seems like anyone that got a mortgage between 2010 and 2020 and wanted to move would save tens or even hundreds of thousands of dollars from this.

>>521233390
That's not what it is, that's a killing offense there, they're not quite at that point.
In this instance they seem to just mean taking an active mortgage from one property to another, if you want to move to a different house, for example.

Its sort of like transferring a balance from an old credit card to a new credit card from a different provider.

>>521268335
>like pornography and rap music.
https://www.youtube.com/watch?v=DSsWt6b2p5Q

you're a good lad and i bet the ladies are all about you

>>521233246 (OP)
A mortgage on your trailer house anon. What else?

>>521264875
You'd be surprised how fast you can end the behavior if everyone acting like that got shot for trespassing.

>>521234781
A 50-year mortgage on a 25-year house
LOL
LMFAO even

>>521268115
Half of what you pay maybe. That's not inflation. You're not allowed to create money, thank Christ

>>521269170
Yes that's only for jews. I can tell you're a spiritual jew, rotten by them. The scion of grifters and parasites. I can only imagine the disgusting shit your father taught you.

>>521268387
It allows over leveraged niggers to treat debt as equity, destroy real wealth in the shithole they're leaving, and raise market prices for new buyers.

We need to tip over the USA, also keep distance from Nick Fuentes he is a CIA agent.

>>521268007
rate differences could be the difference of a few hundred bucks

>>521269289
You're poor and it's not the Jews' fault you don't get magical free shit.

>>521233390
Communist China is actually doing pretty well.

>>521254629
More like America is headed towards Weimar inflation where the green number keeps going up and soup lines become the norm

Looks like you guys are following the leaf real estate ponzi strategy

>>521236649
He should have shot them.

He had no way of knowing they were a developer, they could have a been a homosexual rapist trying to measure the distance they would have to move in order to rape him.

He would have been in his right to have shot that faggot.


That said, if he were to have gone to court I would have demanded a jury trial.

>>521233390
>Boomers have fucked everything up so hard our generation will be forced into generational debt to live.

>>521270242
as far as i can tell communism just means im in charge nao

https://www.youtube.com/watch?v=FO2cRI6-UPM

>>521270700
Anyway, a molecule is as ridiculous as an elemental standard

>>521233246 (OP)
I CANT AFFORD GROCERIES.

Certainly, you are going to pay more than minimum payments, right? You don't want to owe Moshe and Platinumberg for 50 years?

>>521233246 (OP)
More boomer welfare

>>521233390
Worse. It's letting boomers who got 2% loans in ZIRPmania transfer that 2% loan to another property. Just one final looting from the boomers before they shuffle off their mortal coin.

>>521233246 (OP)
a mental health crisis

>>521233246 (OP)
it's the newest jewish ponz-eeh financial product

>>521233246 (OP)
One that you can move house to house. What's that going to do to value of the house ?

>>521234034
Thanks, Boss. BYO{Equity|Rate}.

>>521238119
Yeah, but who the hell wants to live in Bulgaria?

>>521270405
This.

People who show up before 10 AM are playing with fire.

Loll

>>521233246 (OP)
this country is truly run by retards now