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Started By
Message
Trump announces home affordability plan
Posted on 11/8/25 at 1:58 pm
Posted on 11/8/25 at 1:58 pm
24
Posted on 11/8/25 at 2:04 pm to Green Chili Tiger
Would I qualify as a 52 year old?
Posted on 11/8/25 at 2:05 pm to Green Chili Tiger
Not sure that would help. At current rates a $300k house with 20% down payment is $1435. A 50 year term drops it to $1259. And even those meager savings will be partially offset by prices going up.
Posted on 11/8/25 at 2:08 pm to Bestbank Tiger
quote:
Not sure that would help.
It's stupid. Breathtakingly stupid to even propose this.
Posted on 11/8/25 at 2:09 pm to Bestbank Tiger
How in hell would you even price a 50 year mortgage?
Posted on 11/8/25 at 2:09 pm to Green Chili Tiger
Please explain how its breathtakingly stupid
Lets hear this one
The same as a 30yr and the new 40yr they have now
Lets hear this one
quote:
How in hell would you even price a 50 year mortgage?
The same as a 30yr and the new 40yr they have now
This post was edited on 11/8/25 at 2:12 pm
Posted on 11/8/25 at 2:14 pm to Bestbank Tiger
quote:
300k house with 20% down payment is $1435.
In Texas you can add $1,000 a month for Taxes / Insurance.
$2435.00. That’s around what I pay it sucks.
Posted on 11/8/25 at 2:21 pm to Green Chili Tiger
I just don’t feel this is a good thing. I realize that most responsible people will either pay if off early, or refinance to a shorter mortgage. It still just feels like a bandaid.
Posted on 11/8/25 at 2:23 pm to Bestbank Tiger
quote:
Not sure that would help. At current rates a $300k house with 20% down payment is $1435. A 50 year term drops it to $1259. And even those meager savings will be partially offset by prices going up.
it's not like trump thought this through. just another random thought in his head while taking a dump, fired off onto twitter
Posted on 11/8/25 at 2:24 pm to bigjoe1
quote:
How in hell would you even price a 50 year mortgage?
The Brits have been doing it for years.
Posted on 11/8/25 at 2:27 pm to SDVTiger
quote:
Please explain how its breathtakingly stupid
Using the current median home price and current interest rates the difference in the monthly payment would be roughly $247 a month and the difference in interest paid to the banks would go from roughly $390,000 to $727,000. A difference of $327,000.
This doesn't account for the rise in home prices that would occur immediately following this being implemented.
Posted on 11/8/25 at 2:48 pm to Free888
quote:
The Brits have been doing it for years.
Same with the Spaniards, Japs, and South Koreans.
Posted on 11/8/25 at 2:58 pm to Green Chili Tiger
quote:
It's stupid. Breathtakingly stupid to even propose this.
And yet countries you leftists insist are far better than ours already offer them.
United Kingdom: At least one lender has been approved to offer 50-year fixed-rate mortgages. This has been proposed as a way to help make housing more accessible, though some fear it could raise house prices.
Spain: Offers mortgages with terms up to 50 years.
Japan: Offers some of the longest mortgage terms globally, with options for 100-year "intergenerational" mortgages that can be passed down to family members.
France: Offers mortgage terms up to 50 years.
Finland: Offers a mortgage product with a term of up to 60 years, although it has a low market share.
Posted on 11/8/25 at 2:58 pm to Green Chili Tiger
quote:
Using the current median home price and current interest rates the difference in the monthly payment would be roughly $247 a month
That is a big deal between owning or not
quote:
from roughly $390,000 to $727,000. A difference of $327,000
97% of homeowners do not stay in a home loan longer than 7yrs
Then they get another 30yr Fix and end up paying the same in interest
So youbreally didnt provide any reason its breathtakingly stupid. Which is par for the course with you
Posted on 11/8/25 at 2:59 pm to Green Chili Tiger
Stupid shite after stupid shite… Trump a disaster…
Posted on 11/8/25 at 3:00 pm to lepdagod
Why is it stupid?
Posted on 11/8/25 at 3:01 pm to Green Chili Tiger
50 year mortgage is great. For banks.
Posted on 11/8/25 at 3:02 pm to SDVTiger
quote:
Why is it stupid?
A 50 year mortgage???… house eventually will be a financial loss/burden…
Posted on 11/8/25 at 3:03 pm to Mid Iowa Tiger
quote:
50 year mortgage is great. For banks
The 30yr has been the greatest thing to happen for the banks
Posted on 11/8/25 at 3:03 pm to Green Chili Tiger
Why not make the mortgage interest a tax credit instead of just a tax deduction?
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