re: Trump promoting a 50 year mortgage. Dave Ramsey will lose his mind. Terrible idea - imo

Meh. In your example, you don’t even pay enough principle over 7 years to pay for 5% realtor fees when you sell.

You are basically writing a check to sell your house unless you had some meaningful appreciation, and you had to do all the maintenance.

I don’t see the improvement over renting, financially.


That said, I get it from a standpoint of ownership. I have German shepherds and it’s almost impossible to find someone willing to rent.


But there is basically no financial incentive to do a 50y mortgage instead of rent, and then you have to do the real estate dance if you want to move instead of simply not renewing.

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The average length of home ownership is right around 12 years

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Thats debatable. My number is 5-7yrs

Going 12yrs doesnt really make it any better

Or are you gonna try to argue it is and end up looking like a fool again

As long as there’s no penalty for pre-payment, I don’t see a problem. Most people make more money as they get older (duh). Young people who can’t afford a 30-year mortgage right now, will be able to afford a payment on a 30-year mortgage and 5 to 10 years. At that point, they can start paying more and essentially turn it into a 30-year (or less) mortgage over time.

The point is to get them into a house to start earning equity.

In a perfect/real world, they’ll move out of their starter home and into a larger home when they get a couple of kids. At this point, they will have earned equity in that starter home that they can roll right that over into there forever home and get a 30-year (or less) mortgage at that point.

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Where do you come up with this shite?

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He just makes random statements as fact then asks you to prove him wrong and when you do he just makes up more ‘facts’

He’s one of the biggest cucks on here. He also will conform to any idea Trump has.

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Yup allow them to buy multi units and 5+ commercial rental units only

Would be best to not allow them to buy any SFRs

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My inclination is to oppose regulation, so I'd want to take a look. But on a cursory pass, it sounds like a very good idea.

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. But the increasing prices/value do increase the equity in the house. So, I'm not all that sure why this is a problem.

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This literally IS the problem and summarizes how government policy to artificially inflate housing has gotten us to this point of unaffordability.

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No. It is a viable option that will actually help young adults in their 20s buy a house, rather than paying rent.

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It puts them in a worse situation than paying rent and they won't have equity for like 2 decades. They don't "own" shite, really, and assume a ton of risk.

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Paying rent is 150 times a financial problem than mortgaging a house.

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This is the underlying flaw in your thinking. You are projecting the illogical boomer "rent is throwing your money away" mentality.

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The next big thing they should do is make it so only individuals can buy at least new build SFRs

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The market is already taking care of that, although stupid policies aimed to artificially prop up housing values may make it economical again

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My inclination is to oppose regulation, so I'd want to take a look. But on a cursory pass, it sounds like a very good idea.

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Its not a capitalist way to go but how else can you stop them from grabbing all the sfrs driving values and rents up on the FTHB

Thats why it should start with the new builds. Blackrock shouldnt be able to buy up an entire development then jack rents on everyone imo

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but how else can you stop them from grabbing all the sfrs driving values and rents up on the FTHB

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Let the market take care of it, which it is.

That whole move started slowing down in like 2023 or something because it was way too risky.

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Blackrock shouldnt be able to buy up an entire development then jack rents on everyone imo

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Blackstone, and they take on a LOT of risk doing this, and any decline in housing prices and/or rent prices in the market amplifies their potential losses, which is why they

That's why they stopped bigly in 2022-2023 as prices got way outside of prices you'd see in a healthy market.


Just like the AirBnB inflation is leading to a potential collapse, currently

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That starter home is out of most young people’s reach financially depending on what part of the country you’re in.

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This is true.

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The government is the reason homes cost so much and they need to get the frick out of the housing business

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No, second/third/fourth home ownership, foreign investments into blocks of homes, and companies like Blackrock buying 100s of thousands of homes are the reason home prices are so high - they are all falsely pumping demand while consuming the lion’s share of the supply.