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re: Trump promoting a 50 year mortgage. Dave Ramsey will lose his mind. Terrible idea - imo
Posted on 11/10/25 at 8:08 am to TigerBaitOohHaHa
Posted on 11/10/25 at 8:08 am to TigerBaitOohHaHa
quote:
not true at all
Its very true. The average rate is 3.4% the last 100yrs
You are using a remote area that no very few ppl want to live
So using that as its the norm isnt a great example. Neither is ppl who think paying principle.is building "equity"
1
Posted on 11/10/25 at 8:10 am to NC_Tigah
quote:
The GenY decade prioritizing experiences and urban lifestyle over homeownership.
Irrelevant pivot
quote:
As opposed to insisting a 2050sq-ft home in 2000 should track in real dollars to a 2400sq-ft home in 2025?
What is the comparative supply of either in good areas in each time frame?
Government policy has incentivized making bigger houses. These are the only option given in good areas because of government policy and the insanity that is our housing market. It's irrational to compare a completely different market from the past where there were different options because the government wasn't as involved and manipulating housing prices and steering market behaviors by builders.
That's why housing costs across the board are how you have to compare this. I know that you're trying to turn this into some generational advantage thing as we can see from the pivot above, but that's irrelevant to the actual market in play today. I understand what you're trying to do but it just doesn't have a place in this discussion. Save it for the next generation. Divide thread.
Posted on 11/10/25 at 8:11 am to SDVTiger
quote:
Neither is ppl who think paying principle.is building "equity"
Other than appreciation or paying the debt off to work off interest and principal, how else do you build equity in a house?
Posted on 11/10/25 at 8:17 am to SlowFlowPro
I just see it differently
Using a previous example paying 160k in interest to paydown a loan 40k only to refi that or sell and do it all over again isnt building equity to me
If i bought a home for 500k paid IO for 10yrs and the value went to 600k did me paying principle get me 100k in "equity"?
I dont buy homes with ammortized loans
Using a previous example paying 160k in interest to paydown a loan 40k only to refi that or sell and do it all over again isnt building equity to me
If i bought a home for 500k paid IO for 10yrs and the value went to 600k did me paying principle get me 100k in "equity"?
I dont buy homes with ammortized loans
Posted on 11/10/25 at 8:20 am to SDVTiger
quote:
Lets stop pretending anyone pays off a home now with a 30yr fix
Some people absolutely pay off their home.
Let’s play your game though. How are people going to refi their mortgage or sell their home when they haven’t paid any principal because their 50-year mortgage is almost exclusively interest?
This post was edited on 11/10/25 at 9:06 am
Posted on 11/10/25 at 8:21 am to goldennugget
quote:
This is so stupid and only appeals to those who cant do math
Its just debt slavery to enrich globalist banks even more
The math is homes appreciate 67% on average over 10 years. A $400K house after 10 years will be worth $700-800K. You are creating $300-400K in net worth in this typical situation
Posted on 11/10/25 at 8:22 am to mule74
quote:
Some people absolutely pay off their home.
Let’s play your game though. How are people going to refi their mortgage or sell their home when they haven’t paid any principal because they’re 50 year mortgage is almost exclusively interest?
Because the home appreciates in value to the tune of 67% over 10 years. The average person owns a home for 10 years. You are creating $100,000s of thousands of equity via capital appreciation
Posted on 11/10/25 at 8:23 am to mule74
quote:
Some people
Yeah some ppl. But they dont by making a payment for 30yrs in 1 loan
Posted on 11/10/25 at 8:25 am to SDVTiger
quote:
only to refi
If those who think our RE sector is compromised and inflated are correct, when/if this is corrected will see a society who stops this refi culture, too. That refi culture is a sign of unhealthiness in the market, propped up by bad government policy and culture. Same with other "investment" behavior related to RE like HELOCs and flipping (by so many amateurs).
We do see it differently and your system literally requires constant inflation to work. Any slow down and the bubble pops.
On a side note, I don't get how this applies to the "again" potion of MAGA. When America was formerly great, people didn't see housing anywhere like how your side does. They are incongruent cultural ideas.
Posted on 11/10/25 at 8:26 am to Man4others
quote:
Because the home appreciates in value to the tune of 67% over 10 years
This is a sign of economic toxicity and inflationary rates that are now sustainable.
Posted on 11/10/25 at 8:26 am to SlowFlowPro
quote:
stops this refi culture
The refi culture will never stop
Posted on 11/10/25 at 8:28 am to Azkiger
quote:
But that's what dems do.
SFP is very conservative economically. Appears to be in favor of letting the market work itself out which should be every conservatives position. Trump isn't and never has been a conservative
Posted on 11/10/25 at 8:32 am to Schleynole
quote:
Trump isn't and never has been a conservative
Thankfully
Posted on 11/10/25 at 8:33 am to SlowFlowPro
quote:
This is a sign of economic toxicity and inflationary rates that are now sustainable.
I am sorry that property increases in value. Perhaps we can start a charity to give you property at a discounted rate or even free
Posted on 11/10/25 at 8:35 am to AncientTiger
My parents got a 36 year loan with around 20% interest in the early to mid 70’s. They were making double and triple payments after a few years and paid it off in less than 20.
50 year mortgage might be to long, but something longer than 30 could keep payments down low enough where people will buy or build. There are a lot of people that after 5 to10 years have refinanced for 30 years to bring down their payments or pay for home improvement projects.
Getting a lower payment helps when taxes and homeowners insurance causes your payments to go up each year.
50 year mortgage might be to long, but something longer than 30 could keep payments down low enough where people will buy or build. There are a lot of people that after 5 to10 years have refinanced for 30 years to bring down their payments or pay for home improvement projects.
Getting a lower payment helps when taxes and homeowners insurance causes your payments to go up each year.
Posted on 11/10/25 at 8:49 am to SlowFlowPro
quote:Now THERE is the SFP of 2019.
What is the comparative supply of either in good areas in each time frame?
There he is!
There's the guy who insisted during the last Trump Admin that homes which have since escalated >50% in price, weren't worth having. There is the fellow who poo-poo'd getting in the RE market before home prices lurched upward, and when loan rates ran with a 3-handle.
There's the millennial mentality ... "Dude, NO one would want THAT as a starter house. NO one! It's got corian countertops, white kitchen cabinets, and the wall colors are sooo 'last year'."
Posted on 11/10/25 at 8:52 am to SlowFlowPro
quote:What's the reference timepoint?
On a side note, I don't get how this applies to the "again" potion of MAGA. When America was formerly great, people didn't see housing anywhere like how your side does. They are incongruent cultural ideas.
Posted on 11/10/25 at 8:56 am to Schleynole
quote:His position here is both misinformed historically and naively simplistic in solution.
SFP is very conservative economically.
quote:How does one do that in one sector without doing it across the board?
Appears to be in favor of letting the market work itself out which should be every conservatives position.
Posted on 11/10/25 at 8:56 am to Man4others
quote:
I am sorry that property increases in value.
Without government policy pushing that, that increase would not be nearly as consistent or large.
quote:
Perhaps we can start a charity to give you property at a discounted rate or even free
You say this to the person promoting market -based ideas while you fall back on government-created arguments?
Posted on 11/10/25 at 9:00 am to NC_Tigah
quote:
There's the guy who insisted during the last Trump Admin that homes which have since escalated >50% in price, weren't worth having
That's a straw man
It's the same argument now. Homes are inflated and propped up by government policy.
quote:
which have since escalated >50% in price
Due to government policy...
Did you expect me to predict Covid in 2019? And Trump printing trillions and lowering interest rates?
quote:
There's the millennial mentality ... "Dude, NO one would want THAT as a starter house. NO one! It's got corian countertops, white kitchen cabinets, and the wall colors are sooo 'last year'.
That's a super straw man
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