- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: DJT - “I don’t want to drive housing prices down. I want to drive housing prices up.”
Posted on 1/30/26 at 2:55 pm to AllbyMyRelf
Posted on 1/30/26 at 2:55 pm to AllbyMyRelf
quote:
You’re just exacerbating the problem we already have. In 20 years, I guess we’ll be telling our kids “just get the 100 year mortgage…make extra payments and it’ll be done in 50”
Well you either pay a mortgage and "own it" or you rent
Either way everyone complains
1
Posted on 1/30/26 at 2:57 pm to SDVTiger
quote:I know this might come as a shock to some of you “50 year mortgage” people, but some of us do actually plan to pay off debt.
Well you either pay a mortgage and "own it" or you rent
Posted on 1/30/26 at 2:58 pm to SDVTiger
quote:
The 50yr term gets you in the home
And that's the problem
And you're too stupid to understand why that's the problem
Posted on 1/30/26 at 3:00 pm to SDVTiger
quote:
No one stays in one loan for 30yrs
Posted on 1/30/26 at 3:00 pm to AllbyMyRelf
quote:There is a certain max payment that your income/situation deems is "affordable", right? There is also a max payment that the lending institution will agree to the loan on. They are the same number in many cases.
Yeah, see you’re treating “qualifying” and “affording” as the same thing. They’re not
If you feel the "affordable" payment for your situation is less than the qualifying payment, then find a lower priced home and buy that one. Problem solved.
This post was edited on 1/30/26 at 3:08 pm
Posted on 1/30/26 at 3:08 pm to RollTide4547
quote:No, they are not “the same number.” You’re assuming the bank’s risk tolerance equals a household’s financial health.
There is a certain max payment that your income is "affordable", right? That same payment equates to the max the lending institution will agree to the loan on. They are the same number in this instance.
A lender’s max payment is what they think they can get repaid on most of the time. “Affordable” means you can pay it without becoming house-poor, skipping retirement, or being one layoff away from default. Those are different goals.
If qualifying meant affording, then nobody in 2006 was overextended—the banks approved them, right? That’s obviously absurd.
quote:
then find a lower priced home
This post was edited on 1/30/26 at 3:09 pm
Posted on 1/30/26 at 3:11 pm to RollTide4547
quote:
Your total monthly payment liability can only be 40% of your monthly gross income. Let's say you make 10K a month. Your total payments can be 4K. If you have 800 in car payments, 200 in credit cards and 1000 in student loans then the MAX (talking perfect credit) you can qualify for is mortgage with a 2K payment. By getting into a loan with a 50 year mortgage, you lock in the price. Meaning that next year it won't be 10-12K more to buy the house you've already bought it, which would increase the monthly payment. Say you get a 5K raise at your job. After taxes you bring home 3K. Put 100 toward the house payment and use the other 150. Next year same thing. Thats 200 more toward the payment. Pay off a credit card, apply that money to the house payment. Pay off the car, apply that money to the house payment....
If you’re looking at a 400k loan at 15 years at a 5.5% rate the payment is 3,268. At a 30 year loan at 6% the payment is 2,400. 50 year loan at 6.5% the payment is 2,254
Posted on 1/30/26 at 3:13 pm to AllbyMyRelf
quote:shite dude I expect others to have at least a sprinkling of common sense and not buy more house than they can afford.... If you want a house, you have to make sacrifices. That's life. If you want to learn to play guitar, you have to make sacrifices. If you want to lose weight, you have to make sacrifices.
No, they are not “the same number.” You’re assuming the bank’s risk tolerance equals a household’s financial health.
A lender’s max payment is what they think they can get repaid on most of the time. “Affordable” means you can pay it without becoming house-poor, skipping retirement, or being one layoff away from default. Those are different goals.
You're just arguing to fricking argue. Buy a house don't buy a house. I don't care. Just quit your fricking whining.
Posted on 1/30/26 at 3:14 pm to RollTide4547
Thanks for conceding.
Me: “these policies makes houses unaffordable in the long term.”
You: “quit whining!”
Me: “these policies makes houses unaffordable in the long term.”
You: “quit whining!”
This post was edited on 1/30/26 at 3:17 pm
Posted on 1/30/26 at 3:16 pm to AllbyMyRelf
quote:
If qualifying meant affording, then nobody in 2006 was overextended—the banks approved them, right? That’s obviously absurd.
Right.
The problem isn't that people wouldn't qualify. The problem is that people would qualify.
That would strip mine even more of supply which is the root cause of "the problem" for perspective homebuyers. It would fix nothing and the only people that would benefit would be the banks and sleazy low talent RE agents like SDV.
Posted on 1/30/26 at 3:17 pm to RollTide4547
quote:
Then don't. We got here because you were saying your engineering degree offered 60-80K pay. I was just trying to offer a solution. One you don't seem to want. Fine with me.
I never asked for a solution for me, personally, I'm a new-ish homeowner who's generally content with my situation at this point, even if it took longer than I had hoped.
I responded to your "get a technical degree, don't be lazy" advice with my own personal anecdote to show that it's not that straightforward for young workers, even technical ones, especially with how much salaries have lagged vs housing and other costs.
Posted on 1/30/26 at 3:45 pm to AllbyMyRelf
"I know this might come as a shock to some of you “50 year mortgage” people, but some of us do actually plan to pay off deb"
then buy a house and pay it off, and stop whining (aka being indignant about what you plan to do in the face of some of us who are advising you based on what we've already done).
Or don't, but don't blame "others" (including a potential new 50 year option).
you read the book, great...... I don't think you understood the concept.
I bought a house I could afford at 28. I chose a 30 year mortgage payment at that time because it was the best choice *had a 50 year option been available I may have taken it). I never planned to take 30 years. I made the required payments for 9 years then paid the rest off lump sum because my life changed over 9 years and it was the best decision at that time. I actually planned to pay the debt I incurred and did something to actually do it.....
If I had spent 5 more years coming up with all the reasons the world was against me I'd have been 5 years older and houses would have been 5 years more expensive. And I'd be whining about why the world was against me.
then buy a house and pay it off, and stop whining (aka being indignant about what you plan to do in the face of some of us who are advising you based on what we've already done).
Or don't, but don't blame "others" (including a potential new 50 year option).
you read the book, great...... I don't think you understood the concept.
I bought a house I could afford at 28. I chose a 30 year mortgage payment at that time because it was the best choice *had a 50 year option been available I may have taken it). I never planned to take 30 years. I made the required payments for 9 years then paid the rest off lump sum because my life changed over 9 years and it was the best decision at that time. I actually planned to pay the debt I incurred and did something to actually do it.....
If I had spent 5 more years coming up with all the reasons the world was against me I'd have been 5 years older and houses would have been 5 years more expensive. And I'd be whining about why the world was against me.
Posted on 1/30/26 at 3:50 pm to jammajin
Saying that the 50 year mortgage policy will make housing prices even more unaffordable (for my children and grandchildren, not for me) is not whining that the world is against me.
As a conservative, I actually care to make the world better for my children.
As a conservative, I actually care to make the world better for my children.
Posted on 1/30/26 at 3:54 pm to AllbyMyRelf
You're sky screaming about something you have ZERO control over. I'm attempting to give a solution that will work for the individual. I only have control over my life and my finances.
Posted on 1/30/26 at 3:55 pm to Powerman
Again more bitching about you have ZERO control over. frick
Posted on 1/30/26 at 4:09 pm to Powerman
quote:
And that's the problem
Why is homeownership a problem now
quote:
And you're too stupid to understand why that's the problem
No you are the clown who wants everyone to be a renter
Nothing you say makes any sense ever.
Posted on 1/30/26 at 4:10 pm to AllbyMyRelf
quote:
Saying that the 50 year mortgage policy will make housing prices even more unaffordable (for my children and grandchildren, not for me)
Wont you have a paid off home since morons like yourself and powerbottom think you pay off a home with a 30yr fix
Posted on 1/30/26 at 4:19 pm to 904
If I could make a career move that would lead to me making close to twice what I'm currently making (in 10 years or so) and I was mid 30s id jump at it. But that's me. Good luck
Posted on 1/30/26 at 4:21 pm to Dire Wolf
Yep. Get the 50 year mortgage. As you free up more money, pay more on the payment.
Posted on 1/30/26 at 4:53 pm to SDVTiger
What are you babbling about?
Page 20 of 21
Popular
Back to top
Follow TigerDroppings for LSU Football News