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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
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138963 posts
Posted on 11/9/25 at 4:31 pm to
quote:

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?
Nah
But it would be nice to see the first time buyer’s median age decline as a result of the monthly payments decline.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
98126 posts
Posted on 11/9/25 at 4:33 pm to
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 by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138963 posts
Posted on 11/9/25 at 4:38 pm to
quote:

The next big thing they should do is make it so only individuals can buy at least new build SFRs
As opposed to Blackstone et al?
Posted by Hateradedrink
Member since May 2023
4156 posts
Posted on 11/9/25 at 4:40 pm to
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
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
71164 posts
Posted on 11/9/25 at 4:48 pm to
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 by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138963 posts
Posted on 11/9/25 at 4:51 pm to
quote:

50yr mortgages are just going to spike prices and transfer wealth to banks
It’s been covered in the thread. Perhaps require a disclaimer. But there are absolutely circumstances where folks could benefit from a 50yr mortgage.
Posted by wackatimesthree
Member since Oct 2019
13517 posts
Posted on 11/9/25 at 5:26 pm to
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 by tigeraddict
Baton Rouge
Member since Mar 2007
14814 posts
Posted on 11/9/25 at 5:44 pm to
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.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
98126 posts
Posted on 11/9/25 at 6:10 pm to
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 by SDVTiger
Cabo San Lucas
Member since Nov 2011
98126 posts
Posted on 11/9/25 at 6:11 pm to
You are still thinking about his dick?

Thats 2 days now. Someone check your browser history
Posted by wackatimesthree
Member since Oct 2019
13517 posts
Posted on 11/9/25 at 6:14 pm to
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 by SDVTiger
Cabo San Lucas
Member since Nov 2011
98126 posts
Posted on 11/9/25 at 6:18 pm to
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 by FLTech
he/won
Member since Sep 2017
28237 posts
Posted on 11/9/25 at 7:07 pm to
Exactly.

I have heard some economists nerds raving about this.
Posted by bleedsgarnet
Virginia
Member since Apr 2014
1627 posts
Posted on 11/9/25 at 7:09 pm to
Im scheduled to psy my 30 year moertgage of in 14 years..i owe just 43k after 10 years...
Posted by Hateradedrink
Member since May 2023
4156 posts
Posted on 11/9/25 at 7:10 pm to
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.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
98126 posts
Posted on 11/9/25 at 7:12 pm to
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 by Hateradedrink
Member since May 2023
4156 posts
Posted on 11/9/25 at 7:15 pm to
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.
Posted by YumYum Sauce
Arkansas
Member since Nov 2010
9581 posts
Posted on 11/9/25 at 7:20 pm to
Dave Ramsey? Good lord. Hes financial advice for financial retards.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
98126 posts
Posted on 11/9/25 at 7:24 pm to
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

Posted by dovehunter
Baton Rouge
Member since Sep 2014
1915 posts
Posted on 11/9/25 at 7:24 pm to
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.
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