re: Trump not interested in reducing Housing Prices

50 year mortgages won't even save people money. It just means more money for the banks.

Does he not understand how loans and principles etc work? Adding another 20 years is only going to reduce payment amounts like 10% and just adds on 20 years of payments, making housing even more expensive.

You're just paying less principle and more interest.

You will own nothing and be happy.

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Does he not understand how loans and principles etc work? Adding another 20 years is only going to reduce payment amounts like 10% and just adds on 20 years of payments, making housing even more expensive.

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I would imagine that Trump knows more about how loans and principles etc work than all of the people here combined (you and I included).

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It just means more money for the banks.

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That's what all loans mean. If I cannot qualify for 30 year loan payment at my current income, I can't buy the house. All borrowers should plan to pay extra each month. A 400K loan at 6.5% has the following payments. No down payment, no taxes, no pmi, no insurance. Only principal and interest.

50 Year Term --- 2254
30 Year Term --- 2528
15 Year Term --- 3484

Going from a 30 to 50 year term would decrease the payment by 10% and might allow people to qualify for the loan. Once you get the loan, pay the 30 year payment and the loan will pay off in 30 years. I've only financed one loan at 30 years. The others have all been 15. On all my loans (cars included) I pay more than the minimum payment.

What Trump is saying is how do you help without hurting those holding the bag.

None of you socialist leftists like to remember the Democratic Party experiment known as the Subprime Mortgage Crisis which caused a recession.
Fannie Mae and Freddie Mac. Everyone deserves to own a home? Remember that Democrats?

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50 year mortgages won't even save people money

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It will get them into a home
Ita insane that you thibk someone will stick with that single loan for 50yrs

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You're just paying less principle and more interest.

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Have you ever looked at the ammortization schedule of a 30yr fix

Why do you think there is balloons and confetti around the rate of the day when you walk into one

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I get it...but we are where we are.

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What the hell does this even mean lol?

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I am curious as to how the OP thinks Trump should lower home prices?

Did the OP bitch about the insanely low interest rates that caused the demand and prices of homes to go up?

Did the OP bitch about Biden admin doing nothing as wall.street firms were buying SFR homes out from under individuals?

Did the OP bitch about the Biden admin giving housing money to illegals to rent the homes that wall street bout from under American individuals?

Did the OP bitch when the Democrats artificially raised the hourly wages and introduced a higher cost of living and super inflation across the economy?

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Since I get the feeling you are an old frick ill still answer your questions


1) Stop propping them up and get housing out of investment trading
2) YES
3) YES
4) YES
5) YES


See you old farts who lack any sort of critical thinking assume that because someone disagrees with how Trump is handling something automatically makes them a democrat. See, that's not the case at all. I am just an under 40 Republican on a mission to rid the world of you soul sucking, ladder pull-up'ing, dgaf unless I got mine part of the party at all costs.

So

and MERRY CHRISTMAS

P.S Charlie Kirk was the fricking GOAT.

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I am curious as to how the OP thinks Trump should lower home prices?

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We are at a birth rate crisis. If young people cant afford houses in safe neighborhoods, they wont have kids.

Eventually the problem would take care of itself naturally and it would cycle back...but nobody is willing to endure any pain for the sake of later generations, so in order to have enough people paying social security and buying stuff, we need to import people to replace the whites who arent having children....and subsidize their living costs with printed money

"Principled conservatives" are perfectly fine with subsidizing agriculture(in order to keep grocery prices from adequately reflecting inflation), subsidizing banking, subsidizing education, etc. They wont subsidize something that will lower their wealth.

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RollTide4547

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The tip off is the constant reference to age.

Dumbass (the poster you are conversing with) can't address substantive content, so he just name calls based on age.

It's the oldest populist trick in the book, and it used to only be used by Democrats.

He's a bitch-arse sky screamer addicted to victim-porn, and he's not the only populist on the right like that these days.

But he may be the most insufferable one on this board.

Go live in government housing where you belong.

The market will correct itself. It always does. No need for half wit lawyers screwing things up.