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re: Trump promoting a 50 year mortgage. Dave Ramsey will lose his mind. Terrible idea - imo
Posted on 11/8/25 at 6:02 pm to dovehunter
Posted on 11/8/25 at 6:02 pm to dovehunter
quote:That depends wholely on the interest rate that you can finance the car, your cash liquidity comfort, and whether or not you are investing well.
Financing a depreciating asset isn't real smart. In fact it's financial suicide. You really shouldn't buy a new car unless you have the cash to pay for it..
A zero % loan is a no brainer. You use someone else's money.
A 2.99% loan? Sure, I can beat that, easily, by investing.
When it gets to 5.99%, then I would start considering my options to use personal funds.
I've never paid a car loan at a percentage rate above 7.99% and that was long before I achieved a 'currently' perfect credit score of 850.
My last three cars financed were at 0%, 1.49% and 2.99%. I would lose money by paying cash.
0
Posted on 11/8/25 at 6:04 pm to UptownJoeBrown
quote:
Slave to debt for the rest of your life.
No one keeps the same mortgage for 30 years. They will sell or refinance multiple times for multiple reasons. It will be the same with 50 year mrtgage.
Posted on 11/8/25 at 6:05 pm to AncientTiger
20 year car loans next
vettes and lexus to replace challengers and chargers outside ghetto homes
vettes and lexus to replace challengers and chargers outside ghetto homes
Posted on 11/8/25 at 6:06 pm to NC_Tigah
No one has to use a 50 year mortgage but if it helps a struggling family stay in their home or afford one, why do you care? You do realize very few Americans can afford to pay 20% down? A 20% down payment on a 400k house is 80k
Posted on 11/8/25 at 6:06 pm to SDVTiger
quote:
Lets stop pretending anyone pays off a home now with a 30yr fix
I'm about to.
Posted on 11/8/25 at 6:07 pm to engvol
We are a mobile country though. We don’t stay long in one place any longer.
Posted on 11/8/25 at 6:08 pm to roadGator
Are people staying 30 years paying off then moving?
I doubt it, therefore no difference taking 15/25/30/50 if you're moving after 6
I doubt it, therefore no difference taking 15/25/30/50 if you're moving after 6
Posted on 11/8/25 at 6:11 pm to TigerAxeOK
quote:
I'm about to.
You have been in the same 30yr fix loan making the same payment for 30yrs?
Posted on 11/8/25 at 6:11 pm to engvol
Have your kids secure 50 year mortgages
Posted on 11/8/25 at 6:11 pm to Upperdecker
“It’s like getting a cheaper ticket for a train that never really reaches the station — technically you’re on board, but you’re not getting anywhere fast.”
Posted on 11/8/25 at 6:12 pm to engvol
quote:
therefore no difference taking 15/25/30/50 if you're moving after 6
If you completely ignore how amortization works. Sure.
Posted on 11/8/25 at 6:13 pm to Pepperoni
If someone decided to get a 200 year mortgage, why would you care and furthermore an increased housing market would drive up the value of your home
Posted on 11/8/25 at 6:14 pm to Pepperoni
Nice. The larger point is that if Trump says it it is right. This time, he’s wrong.
Posted on 11/8/25 at 6:16 pm to Green Chili Tiger
quote:
If you completely ignore how amortization works. Sure.
You really dont understand it either. How its front loaded and no one sticks with a loan longer than 7yrs
Posted on 11/8/25 at 6:16 pm to Green Chili Tiger
quote:
If you completely ignore how amortization works
My point was length of mortgage doesn't matter with regards to people wanting to move, a 30 year fixed isn't stopping people so why would a 50
Posted on 11/8/25 at 6:20 pm to engvol
“Right — people move for life reasons, not because of how long their mortgage is. You can always sell and pay off what’s left. But longer loans affect the market overall. If everyone can borrow more with 50-year terms, prices go up. So while it doesn’t trap individuals, it does make housing more expensive for everyone.”
Posted on 11/8/25 at 6:20 pm to engvol
Homeboy is trying to sound smart, you are correct
Posted on 11/8/25 at 6:21 pm to Pepperoni
Oh no value will go up. Thats terrible for everyone 
Clearly you dont own a home
Clearly you dont own a home
Posted on 11/8/25 at 6:22 pm to UptownJoeBrown
quote:
Slave to debt for the rest of your life.
Exactly. I expect a proposal for debtors prison next week. Holy shite.
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