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re: Trump promoting a 50 year mortgage. Dave Ramsey will lose his mind. Terrible idea - imo
Posted on 11/9/25 at 4:31 pm to roadGator
Posted on 11/9/25 at 4:31 pm to roadGator
quote:Nah
Will the increase in demand wipe out the benefits of the 50yr mortgage due to the rise in home prices? Or does that math not math?
But it would be nice to see the first time buyer’s median age decline as a result of the monthly payments decline.
Posted on 11/9/25 at 4:33 pm to NC_Tigah
quote:
Nah
But it would be nice to see the first time buyer’s median age decline as a result of the monthly payments decline.
Exactly. It wont.
The next big thing they should do is make it so only individuals can buy at least new build SFRs
Posted on 11/9/25 at 4:38 pm to SDVTiger
quote:As opposed to Blackstone et al?
The next big thing they should do is make it so only individuals can buy at least new build SFRs
Posted on 11/9/25 at 4:40 pm to NC_Tigah
Odd stance from someone who allegedly understands the concept “first do no harm”
50yr mortgages are just going to spike prices and transfer wealth to banks
50yr mortgages are just going to spike prices and transfer wealth to banks
Posted on 11/9/25 at 4:48 pm to SlowFlowPro
quote:
Again, you're just making shite up.
Sounds like you're both spouting bullshite, regarding one's ability to "afford" a house based on the contractual terms. Certainly it's arbitrary and irrelevant in many cases.
Posted on 11/9/25 at 4:51 pm to Hateradedrink
quote:It’s been covered in the thread. Perhaps require a disclaimer. But there are absolutely circumstances where folks could benefit from a 50yr mortgage.
50yr mortgages are just going to spike prices and transfer wealth to banks
Posted on 11/9/25 at 5:26 pm to SDVTiger
quote:
Another weirdo who dreams about Trimps dick
For a nickel, for a dime, you would do it any time.
If he used a credit card, you would suck it extra hard.
And you know it.
Posted on 11/9/25 at 5:44 pm to Yaboylsu63
You can get into a house at a younger age. And as the valve of the house increases you will gain that equity. You won’t through paying in principle.
But compare to a renter gaining no value what so ever they will at least gain something as they pay for housing.
But compare to a renter gaining no value what so ever they will at least gain something as they pay for housing.
Posted on 11/9/25 at 6:10 pm to NC_Tigah
quote:
As opposed to Blackstone et al?
Yup allow them to buy multi units and 5+ commercial rental units only
Would be best to not allow them to buy any SFRs
Posted on 11/9/25 at 6:11 pm to wackatimesthree
You are still thinking about his dick?
Thats 2 days now. Someone check your browser history
Thats 2 days now. Someone check your browser history
Posted on 11/9/25 at 6:14 pm to SDVTiger
quote:
You are still thinking about his dick?
Thats 2 days now. Someone check your browser history
The left:
A bunch of degenerate pervs. Claims that the right is the problem for pointing it out and objecting to it.
Posted on 11/9/25 at 6:18 pm to wackatimesthree
quote:
The left:
A bunch of degenerate pervs
Yeah you made it clear now for 2 days that you are
Its odd that when you idiots have nothing coherent to say or cant make an arguement you go right to talking about sucking Ds
You werent the only one
Posted on 11/9/25 at 7:07 pm to MajorityWhip
Exactly.
I have heard some economists nerds raving about this.
I have heard some economists nerds raving about this.
Posted on 11/9/25 at 7:09 pm to SDVTiger
Im scheduled to psy my 30 year moertgage of in 14 years..i owe just 43k after 10 years...
Posted on 11/9/25 at 7:10 pm to Yaboylsu63
The only way this makes sense to me is if it’s limited to first-time home buyers since that limits impact on the market.
You’re basically renting the house from the bank for 5-10 years, but hopefully you get some equity back after selling if it appreciates…..or what’s left over after realtor fees.
You’re basically renting the house from the bank for 5-10 years, but hopefully you get some equity back after selling if it appreciates…..or what’s left over after realtor fees.
Posted on 11/9/25 at 7:12 pm to Hateradedrink
quote:
You’re basically renting the house from the bank for 5-10 years
Its the same with a 30yr yet you all celebrate that loan
Posted on 11/9/25 at 7:15 pm to SDVTiger
Not quite.
After 5 years, a 300k 30y loan at 6.5% has 281k remaining.
With a 50y loan, there’s 295k remaining. You barely pay down 1k/year the first 5 years.
After 5 years, a 300k 30y loan at 6.5% has 281k remaining.
With a 50y loan, there’s 295k remaining. You barely pay down 1k/year the first 5 years.
Posted on 11/9/25 at 7:20 pm to AncientTiger
Dave Ramsey? Good lord. Hes financial advice for financial retards.
Posted on 11/9/25 at 7:24 pm to Hateradedrink
You pay 40k down in 10yrs on a 30yr in your example and pay 160k in interest to park in the wall paper of your home. Thats celebrated
And no one stays in a home loan longer than 7yrs
And no one stays in a home loan longer than 7yrs
Posted on 11/9/25 at 7:24 pm to Hateradedrink
Better than renting. The term is of limited importance for 1st time home buyers who ideally are still in their 20's.
If you are past 30 and have never bought a residence you are already in financial trouble.
If you are past 30 and have never bought a residence you are already in financial trouble.
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