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

Of course the board's biggest retard would think it's a good idea.

Horrible idea

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It will cause a further rise in home prices by increasing demand and many people who shouldn’t be buying a home will be buying one

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You think values arent going to continue to rise?

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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. 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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I don’t think there is any long term solution to rapidly rising home prices. When you have a set amount of prime real estate in desirable places to live in the country and an ever growing population, basic economics will determine that Increaased demand + limited supply equals higher prices.

That’s why you see more and more subdivisions with homes crammed in there and apartment complexes. The days of the average family having a 2 story 3-4k square ft home on a 1-2 acre lot in city limits are quickly disappearing outside of the upper middle class or wealthy. If you want that, you have to move to small town America, and there you can still find nice homes at affordable prices but career options more limited

People stay in their homes maybe 7-8 years. The equity is not the payments as much as it is the potential price appreciation. If you are going to go longer terms for anything then longer terms on appreciating assets vs vehicles, boats motorhomes then housing makes sense.

Building equity through payments isn't a reality unless you are in the home more than 10-15 years. You can always pay extra but that's just a savings account and alternative investments need to be factored in.

A 6% mortgage costs less than 4% if you itemize mortgage interest as a tax deduction. Put the extra money in the market and make 9-10% long term.

I think the 50 year mortgage deal isn't a bad idea if it's understood correctly.,

I mean, they are doing anything to preserve the prices of houses and everything else in America.

One big Crash could reset us.
But no one is budging.

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You think values arent going to continue to rise?

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Theyll rise faster

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Theyll rise faster

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How much faster? If rates drop 1% will that cause them to rise faster?

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This is so stupid and only appeals to those who cant do math

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People are jumping into the housing market later than ever. Welcome to the age of the geriatric homebuyer…

…A decade or two ago, Americans typically bought their first homes in their early 30s. By today's standards, however, Payne is right on track. New data from the National Association of Realtors shows that between mid-2024 and mid-2025, the typical age of a first-time buyer reached a record high of 40. The median age for all buyers rose to an all-time high of 59, up from 47 in 2019.

I mean at that point you are just renting the house.