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Posted on 11/10/25 at 7:53 pm to stout
Vehicle prices will go through the roof, completely fricking those of us who pay cash.
Posted on 11/10/25 at 8:14 pm to NIH
you're not wrong.
I was talking to SDV about this earlier about the 50-year mortgages and how the "monthly payment" mindset was sign of a toxic economic culture
I was talking to SDV about this earlier about the 50-year mortgages and how the "monthly payment" mindset was sign of a toxic economic culture
Posted on 11/10/25 at 8:16 pm to stout
Someone needs to give that man a cognitive test
Posted on 11/10/25 at 8:44 pm to stout
Posted on 11/10/25 at 8:58 pm to stout
It’s insanity. It’s cloaked as a way to help people afford things but that’s not the real reason. The real reason is the 38 trillion in debt that we cannot afford. It’s not politically popular or feasible to cut the amount of spending needed to balance the budget or even reduce the deficit significantly enough to matter.
The only way this house of cards stays propped up is for US GDP growth to be maintained and the debt to GDP ratio acceptable enough that we remain the world reserve currency and there’s enough faith in the USD that people keep buying treasury bonds.
Now fast forward to this policy. Americans have been squeezed of wealth and disposable income post COVID due to inflation and we are on the brink of recession and with high interest rates and the possibility of stagflation looming a recession with 38T in debt means a potential catastrophic financial collapse. So we extend the terms on new mortgages and loans to encourage Americans to keep consuming so we avoid the recession. For now. That’s why we are raising tax revenue from tariffs and giving 2,000 dollar tariff dividends to Americans. Simultaneously encouraging manufacturers to relocate here while giving Americans disposable income to spur the economy.
It’s literally all a last ditch Hail Mary. I’m not sure it will work but I don’t think it’s stupid of Trump to try it. The mass civil unrest that cutting 2 trillion of spending is the same as the unrest that will come if there’s a financial collapse and it’s all forced to be cut anyways.
The reality is we can’t escape the storm that’s coming. It’s just a matter of how long can we outrun it until the car runs out of gas
The only way this house of cards stays propped up is for US GDP growth to be maintained and the debt to GDP ratio acceptable enough that we remain the world reserve currency and there’s enough faith in the USD that people keep buying treasury bonds.
Now fast forward to this policy. Americans have been squeezed of wealth and disposable income post COVID due to inflation and we are on the brink of recession and with high interest rates and the possibility of stagflation looming a recession with 38T in debt means a potential catastrophic financial collapse. So we extend the terms on new mortgages and loans to encourage Americans to keep consuming so we avoid the recession. For now. That’s why we are raising tax revenue from tariffs and giving 2,000 dollar tariff dividends to Americans. Simultaneously encouraging manufacturers to relocate here while giving Americans disposable income to spur the economy.
It’s literally all a last ditch Hail Mary. I’m not sure it will work but I don’t think it’s stupid of Trump to try it. The mass civil unrest that cutting 2 trillion of spending is the same as the unrest that will come if there’s a financial collapse and it’s all forced to be cut anyways.
The reality is we can’t escape the storm that’s coming. It’s just a matter of how long can we outrun it until the car runs out of gas
Posted on 11/10/25 at 9:01 pm to Klark Kent
the opposite of the American dream. Own nothing, rent everything.
Posted on 11/10/25 at 9:02 pm to stout
quote:
20-year boat loans
This is already a thing. When I bought my boat the guy at the dealership told me I could go up to a 20 year term, on a used 22' boat.
Posted on 11/10/25 at 9:05 pm to stout
quote:"You'll own nothing and be happy"
50-year mortgage
20-year student loans
20-year boat loans
15-year car note
$30K per year health insurance for a family of 4
Posted on 11/10/25 at 9:06 pm to SallysHuman
Ever!
Posted on 11/10/25 at 9:37 pm to stout
What role does the FedGov have in the length of loans? Is it regulated? I guess I didn't realize it if so...
If a bank wants to do them, that's their call.
If a bank wants to do them, that's their call.
Posted on 11/10/25 at 9:41 pm to stout
the ONLY time the govt should get involved with loans is if there are corrupt, Illegal, or discriminatory practices involving the lenders, aside form that, let the market be the market
Posted on 11/10/25 at 9:49 pm to stout
I could hear an argument for a 50 year house note but the interest rate and principal would be insane.
This post was edited on 11/10/25 at 10:17 pm
Posted on 11/10/25 at 9:51 pm to stout
This sounds retarded for 2 reasons.
1. Unlike many mortgages, the federal government doesn’t back auto loans. If a private bank wants to underwrite 15 year auto loans, let them. The government shouldnt be involved in it.
2. Vehicles will depreciate faster than you’re paying off the loan with a 15 year term. Even if you put enough of a down payment to not be upside down at the beginning, you’ll be upside down in a few years when the vehicle has lost 40% of its value and you’ve only paid down about 25% of the loan principal.
1. Unlike many mortgages, the federal government doesn’t back auto loans. If a private bank wants to underwrite 15 year auto loans, let them. The government shouldnt be involved in it.
2. Vehicles will depreciate faster than you’re paying off the loan with a 15 year term. Even if you put enough of a down payment to not be upside down at the beginning, you’ll be upside down in a few years when the vehicle has lost 40% of its value and you’ve only paid down about 25% of the loan principal.
Posted on 11/11/25 at 1:01 am to UltimaParadox
quote:
Trump saying everything will be cheaper soon.
Like my $12 pound of coffee?
Posted on 11/11/25 at 2:11 am to ronricks
quote:
Someone needs to call into Dave Ramsey saying they can’t wait to get the 15 year car loan and the 50 year mortgage
Dave will explode, live on air.
Posted on 11/11/25 at 4:17 am to stout
My truck is a 2012. Would almost be paid off!
Posted on 11/11/25 at 5:55 am to stout
I figure the solution is fewer loans for useless degrees, more basic cars to make them cheaper, just buy a cheaper boat or none at all, get government out of insurance, and incentivize building new homes to increase supply to reduce prices while lowering interest rates.
Posted on 11/11/25 at 6:27 am to OweO
quote:Not me. I just got out of a $250k hole from student loans, vehicles, medical, and some bad decisions - absolutely not going back into that bullshite ever again. I could finance a new home right now if I wanted to put I don't want to be married to a bank again where a giant chunk of my paycheck disappears before I even think of buying food.
But debt... Its the American way.
Posted on 11/11/25 at 7:47 am to stout
quote:I sure hope not.
Maybe an FHA-type guarantee for auto lenders?
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