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Started By
Message
re: DJT - “I don’t want to drive housing prices down. I want to drive housing prices up.”
Posted on 1/29/26 at 2:49 pm to SlowFlowPro
Posted on 1/29/26 at 2:49 pm to SlowFlowPro
quote:
The best I hope for is a 25% further decrease in national housing prices.
I'll consider 15% reasonably adequate.
Do you know how many people would be underwater on their loans at that point? If you want to push the economy into a depression worse than 2008 your plan is perfect.
1
Posted on 1/29/26 at 2:51 pm to Powerman
quote:Sounds like you're virtue signaling. If you had a home and decided to sell it, you would sell it for the maximum amount you could get. Yet you fault others for doing the same.
Some people care about other citizens
Posted on 1/29/26 at 2:52 pm to SlowFlowPro
"The best I hope for is a 25% further decrease in national housing prices.
I'll consider 15% reasonably adequate."
this speaks volumes about you thanks. Future postings by you will be given the attention they so richly deserve based on your hopes and viewpoints here.
I'll consider 15% reasonably adequate."
this speaks volumes about you thanks. Future postings by you will be given the attention they so richly deserve based on your hopes and viewpoints here.
Posted on 1/29/26 at 2:53 pm to SlowFlowPro
quote:Sounds like socialism to me. It's most certainly easier for those that don't work to live, if the gov't takes MORE money away from those that do. It would certainly be easier for people to pay their lawyers bills if lawyers made $15 an hour. You ready to sign up for that pay scale?
Wouldn't it be easier for normal people to qualify for loans if the price of housing decreased?
Posted on 1/29/26 at 2:56 pm to RollTide4547
quote:
What a stupid friggin moron you are. The idea behind the 50 year mortgage is to qualify for the loan. When I got all of my mortgages, the bank looked at our total gross monthly income. Then calculated that our total loan payments could be 40% of that. A couple making 10k a month could have a max of 4K in payments. IF that couple has 2 car payments totaling 1K, 2 student loans totaling 800 and credit cards totaling 300. That's 2100 right there. So the maximum 30 year mortgage payment they could qualify for is 1900 (principal and interest). A 350K mortgage at 6% (principal and interest) for 30 years has a payment of $2098. The couple could not qualify. That same home/interest rate on a 50 year mortgage would be 1842 and the couple could qualify. Once they lock in the price of the home, any increase in the home value is then equity. If the 350K home goes up 4% a year, they are getting 14K plus in equity. In 5 years they'd have 80K or in equity toward the purchase of another home. Something they'd be hard pressed to do simply saving.
You aren’t going to take anything off of the principalin 5 years of a 50 year mortgage. Hell you hardly touch the principal until year 20.
While you’ve spent $20,000+ on interest every year.
Posted on 1/29/26 at 2:58 pm to aubie101
quote:
Do you know how many people would be underwater on their loans at that point?
A ton
quote:
If you want to push the economy into a depression worse than 2008 your plan is perfect.
This is that weird situation where we all know what the problem is, but we pretend that the people who took the unnecessary risk should be rewarded at the expense of the people who waited for the more rational opportunity.
I used to use this during the Obamacare discussions, but it applies here too. Why do you want to punish the people who made the right decision?
Posted on 1/29/26 at 2:58 pm to jammajin
quote:
this speaks volumes about you thanks. Future postings by you will be given the attention they so richly deserve based on your hopes and viewpoints here.
You're that upset that I can look at a bubble and identify it?
Posted on 1/29/26 at 2:59 pm to RollTide4547
quote:
Sounds like socialism to me.
Brother, you're the one who's trying to enact government policy to interfere with the market in order to manipulate prices.
I want government out and the prices to fall as the market would dictate they should fall.
Posted on 1/29/26 at 2:59 pm to Jugbow
quote:
Sorry you can’t afford a home groyper
I have a home. Sorry you're old with no one left so you come here in desperation.
I'm not sorry though. I pity you.
Posted on 1/29/26 at 3:00 pm to Dire Wolf
quote:
You aren’t going to take anything off of the principalin 5 years of a 50 year mortgage. Hell you hardly touch the principal until year 20.
While you’ve spent $20,000+ on interest every year.
It's all based on the appreciation right, which is not sustainable. Government will not be able to manipulate the markets to continue that sort of appreciation and the bubble will have to pop and we'll have to face reality.
Posted on 1/29/26 at 3:02 pm to TigahJay
quote:
Boomers who bought their houses for 50k can’t take an equity hit!
Or, you know, the millions of other homeowners who have the majority of their wealth tied up in home equity.
Posted on 1/29/26 at 3:02 pm to SirWinston
quote:Lately? TDS is pushing a fricking decade man.
I get your point its just that one segment of his base or another is always unhappy with DJT lately
Posted on 1/29/26 at 3:05 pm to Dire Wolf
quote:Not much will you pay down, this is true. However (assuming a 4% increase in value each year) that 350K home will be worth 364K at the end of the 1st year, 378K at the end of the 2nd, 393K at the end of the 3rd, 410K at the end of the 4th and 426K at the end of the 5th. That is a difference of 76K. IF you paid the 2100 payment instead of 1842, you will have paid down at least 3K a year (that's 15K). So you'd have at least 91K in equity. And you paid 20K a year in interest, totaling 100K... Lived in a home for 5 years for 9K plus anything you had to spend on maintenance to that home. Pretty good, considering you had to live somewhere.
You aren’t going to take anything off of the principalin 5 years of a 50 year mortgage. Hell you hardly touch the principal until year 20.
While you’ve spent $20,000+ on interest every year.
Posted on 1/29/26 at 3:06 pm to RollTide4547
quote:
All you young pecker woods whine and cry about house prices. Poor poor pitiful you.
Missing the point. President shouldn’t be trying to drive prices up just for the old fricks who were too stupid to save any money. Same with the 6k tax cut bullshite. Houses less affordable than they have ever been in history.
This post was edited on 1/29/26 at 3:08 pm
Posted on 1/29/26 at 3:07 pm to SlowFlowPro
who said I'm upset?
your simplistic and one sided "solution" to a "bubble (Michael Berry), posted in a thread chiding a President for being "optomistic" toward sheeple that you would run off a cliff with your simplistic solutions speaks volumes about you.
Next time you post something where you sound sure of your position I'll remember you're the guy who would cut off somebody's head to fix their toothache.
your simplistic and one sided "solution" to a "bubble (Michael Berry), posted in a thread chiding a President for being "optomistic" toward sheeple that you would run off a cliff with your simplistic solutions speaks volumes about you.
Next time you post something where you sound sure of your position I'll remember you're the guy who would cut off somebody's head to fix their toothache.
Posted on 1/29/26 at 3:07 pm to TigahJay
If you have saved money why are you whining?
Posted on 1/29/26 at 3:08 pm to SlowFlowPro
quote:I believe you're the one supporting driving home prices DOWN because poor wittle titty babies can't afford no home.
Brother, you're the one who's trying to enact government policy to interfere with the market in order to manipulate prices.
quote:Who says that will happen? Homes are higher because demand is greater than supply.... You're siding with those that want to FORCE prices lower.
I want government out and the prices to fall as the market would dictate they should fall.
Posted on 1/29/26 at 3:08 pm to TigahJay
President shouldn’t be trying to
next time you're in charge of 330M+ people we will do it your way.
next time you're in charge of 330M+ people we will do it your way.
Posted on 1/29/26 at 3:09 pm to jammajin
Real winner here is black rock and foreign investors but no one on this board wants to talk about that
Posted on 1/29/26 at 3:11 pm to SlowFlowPro
quote:If true, then home prices go down and you get what you claim to want. Quit whining.
It's all based on the appreciation right, which is not sustainable.
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