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Started By
Message
re: Trump promoting a 50 year mortgage. Dave Ramsey will lose his mind. Terrible idea - imo
Posted on 11/10/25 at 10:26 am to Man4others
Posted on 11/10/25 at 10:26 am to Man4others
quote:
Its unhealthy to need a bigger house because I started having kids?
Nope. That's not really relevant to what was posted, though.
quote:
I am just supposed to live in the studio condo I buy in my 20s forever?
Nobody said that, either.
What's baked into your questions that I don't think you realize is this:
quote:
an unhealthy economic culture that's primarily based on unsustainable appreciation
Life happens and people will have to move. Expecting to bank profits with each transaction is the issue. Without government protection, those events will be more rare and less expected. People having to move/upgrade will face the real costs of those transactions, which is going to change the overall culture.
Same with HELOC. Again, the HELOC culture is based on unsustainable appreciation in the market. You remove that government-influenced hyper-appreciation and HELOCs become much more rare as more and more homes lack the necessary equity. And baked into that will likely be higher interest rates, which, again, make HELOCs more expensive.
0
Posted on 11/10/25 at 11:14 am to thunderbird1100
It’s a 40 year mortgage or we’re going to see a 30-40% real estate crash back to pre-COVID levels because affordability is completely unsustainable at current interest rates / debt / cost of living levels and with illegals being deported it’s going to drive demand down even further is declining at a time when millennials can barely afford a starter home at 40.
There isn’t a good answer here that doesn’t involve somehow increasing jobs and salaries to improve actual market sustainability.
There isn’t a good answer here that doesn’t involve somehow increasing jobs and salaries to improve actual market sustainability.
Posted on 11/10/25 at 11:18 am to SlowFlowPro
quote:... and I showed you graphically that there is no evidence whatsoever of a disconnect between price and income during the period involved. Part of the reason was an aversion of Gen Y to home purchases. That flipped with Covid.
Already said in a post to which you replied
Posted on 11/10/25 at 11:42 am to SECdragonmaster
quote:
The should change it to only 15 year mortgages.
And only 3 for cars.
Things would get affordable quickly.
why? why shouldnt people be able to decide themselves?
why does the government need to tell any bank or person what they can and cant do when it comes to terms of a loan?
take for example a car company decides to do a 7 year 1% interest loan....why the frick wouldnt someone do that over paying it off? the time value of money says you shouldnt pay it off
i have a 2.25% rate on my 30 year....should I pay off something that is charging me less than inflation?
Posted on 11/10/25 at 11:48 am to SlowFlowPro
quote:
What's the reference timepoint?
The eternal question of the second A in MAGA
The time point I was inquiring about was the one you are referencing in this claim "people didn't see housing anywhere like how your side does." When was that? Who were the "people"? How did they "see housing"?
Posted on 11/10/25 at 11:50 am to TigerBaitOohHaHa
You are really working overtime to understand how money works aren’t you?
Ancillary/superfluous/anecdotes don’t undo the fact that you can and most likely will build equity in a home due to increased market values. Therefore interest rates are not a going be an issue. If someone buys a home and sells it 4 years later and produces a profitable return they win.
The power of leverage escapes most. Don’t feel bad.
Ancillary/superfluous/anecdotes don’t undo the fact that you can and most likely will build equity in a home due to increased market values. Therefore interest rates are not a going be an issue. If someone buys a home and sells it 4 years later and produces a profitable return they win.
The power of leverage escapes most. Don’t feel bad.
Posted on 11/10/25 at 12:09 pm to NC_Tigah
quote:
The time point I was inquiring about was the one you are referencing in this claim "people didn't see housing anywhere like how your side does." When was that? Who were the "people"? How did they "see housing"?
Go back to that comment.
quote:
I don't get how this applies to the "again" potion of MAGA.
Which is the same as my last pots
quote:
The eternal question of the second A in MAGA
Posted on 11/10/25 at 12:11 pm to rebeloke
quote:
The power of leverage escapes most
The cost/downside of leverage also escapes most because government bails them out
Posted on 11/10/25 at 12:21 pm to SlowFlowPro
quote:Odd response.
Go back to that comment.
When you referenced my "side," you piqued my curiosity.
I'm not sure who my "side" is, much less your reference to it.
You don't want to answer, which is fine I guess.
Posted on 11/10/25 at 12:37 pm to AncientTiger
Okay 50 Year....lower monthly payment for the young Buyer..new homes and construction jobs..in 5 years or whatever..you re finance the debt...bringing down to a 15 year or so...Pulte is behind this
Posted on 11/10/25 at 12:50 pm to NC_Tigah
quote:
When you referenced my "side,"
I didn't.
quote:
Posted on 11/10/25 at 8:25 am to SDVTiger
Posted on 11/10/25 at 12:51 pm to tide06
quote:
It’s a 40 year mortgage or we’re going to see a 30-40% real estate crash back to pre-COVID levels because affordability is completely unsustainable
This is panic talk and this definitely wont happen at all
Housing prices are being kept up mostly because of lack of supply, we havent built enough housing for 15+ years now since the 2008 crash. Housing has pulled back some this year with the economy not chugging along as well and interest rates still too high for most but housing is not suddenly crashing 30-40% or anywhere close to 2008ish. Over 2 million homes got foreclosed on in 2008 and 3 million in 2009. We are at like 300k foreclosures this year through Q3. Thats why housing crashed back then, we are nowhere close to that kind of supply suddenly hitting the market right now.
This post was edited on 11/10/25 at 12:57 pm
Posted on 11/10/25 at 12:59 pm to TheHarahanian
quote:
Imagine an FHA loan with a 2 1/4% downpayment and a 600 month term.
Kids will be able to get into a $750k house and not build appreciable equity for more than a decade.
Exactly why I like the idea
Kids could by an affordable home at a lower monthly payment
Or
They could afford a. More expensive home now than they could with a 30 year mortgage
If both cases they can start making extra payments to pay down the loan
Seems like it could be an excellent tool if used wisely
Posted on 11/10/25 at 1:03 pm to thunderbird1100
They are being kept up because people have jobs and can afford the payment which has been verified by the mortgage company. If you don't have a job today, you don't get a mortgage. In 2008 when home prices crashed, people buying houses didn't have the income to support the mortgage payments. You just called the mortgage company, asked for a mortgage and they gave it to you.
There are delusional people who think homes are going to crash like they did in 2008 when everyone's income has been verified to afford the payment
There are delusional people who think homes are going to crash like they did in 2008 when everyone's income has been verified to afford the payment
Posted on 11/10/25 at 1:13 pm to OysterPoBoy
quote:
We need 30 for trucks.
My buddy’s 2025 Tacoma cost more than his house in 2005.
Posted on 11/10/25 at 1:21 pm to SlowFlowPro
quote:Okay, curiosity no longer piqued.
Posted on 11/10/25 at 8:25 am to SDVTiger
Posted on 11/10/25 at 1:31 pm to SlowFlowPro
quote:
The cost/downside of leverage also escapes most because government bails them out
The great thing about leverage is that it doesn’t cost nearly as much. Why? Because you are spending someone else’s money.
Let’s say through a 50 year mortgage someone who otherwise couldn’t have afforded the purchase gets a home. They are choosing between no home and purchasing a home. They are choosing between renting and buying a home. So during a 50 year time span of renting how much equity have the built? Or after renting for 10 years? But if they were allowed to purchase a home throughout those same periods the return on investment could be enormous. Let’s say they buy a 500k home and put 50k down. In 5 years they sell their home for 600k. That 50k initial investment returned 100k 5 years later. Never mind that in 10 years that home could be worth 800k. That’s the power of leverage. Growing your money at accelerated rates.
Posted on 11/10/25 at 1:36 pm to Rohan Gravy
quote:
Kids will be able to get into a $750k house and not build appreciable equity for more than a decade.
How is equity not built if the home appreciates 3% per year
In 10yrs they would have 200k+ in "equity"
If they stayed in it that long
Posted on 11/10/25 at 1:40 pm to AncientTiger
Did he call FDR a great American President?
Posted on 11/10/25 at 1:45 pm to rebeloke
quote:
Or after renting for 10 years? But if they were allowed to purchase a home throughout those same periods the return on investment could be enormous. Let’s say they buy a 500k home and put 50k down. In 5 years they sell their home for 600k. That 50k initial investment returned 100k 5 years later. Never mind that in 10 years that home could be worth 800k. That’s the power of leverage. Growing your money at accelerated rates.
Couldn't you take the savings from renting and use leverage with that and invest over that same time period? You can just as easily come out ahead if variance is in your favor this way, too, without the downside risk of outlier maintenance costs or the house depreciating and you being stuck in a no-equity situation for decades.
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