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

But but but the clapping seals says it’s a good thing.

Describe in detail how it will destroy the housing market, you are aware that 40 year mortgages are available in some areas and people refinance all the time?

Those against this probably don't own a house or don't understand debt. One you get in the house business you are counting on housing going up in value. Except for short term situations houses go up in value. It's like the stock market..

The alternative?

Everyone keeps calling 50-year mortgages a fix for housing affordability, but they’re really a slow-motion disaster. If the next administration — or any — loosens lending standards again (lower FICO minimums, smaller down payments, higher DTIs), we’re basically recreating 2008 with the safety nets cut out.

Back then, most loans were 30- or 40-year terms, and people still defaulted in droves once prices fell. Now imagine those same borrowers on 50-year loans, barely building equity for decades. When prices dip even modestly, they’re instantly underwater. Multiply that across millions of households and you’ve got a collapse worse than 2008 — because the debt lasts longer, the equity cushion is thinner, and the defaults spread wider.

The responsible people — the ones who save, budget, and buy within their means — would once again get punished twice: first by inflated prices driven by easy credit, and then by the bailouts and inflation that follow.

Want a stepping stone to a collapse that leads straight to socialism? Here you go.

And here’s a rule of thumb: any time someone compares your economic idea to FDR, you’ve got a really, really bad idea.

Umm. I own multiple.

Now what?


Will this increase demand or no?

What does an increase in demand do to prices?

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Umm. I own multiple.

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Once rates drop even .5 we get 5mil new buyers

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You’ve been saying this for several years now. Hasn’t come to fruition and hasn’t been true. You also told us after Trump was elected mortgage rates would be in the high 4’s by end of 2025. Well, we are almost there and they aren’t close. In fact, builders are offering rate buy downs on new builds and people still aren’t touching them. 50 year mortgages are insane and it’s no coincidence that someone who bankrupted a god damn Casino (how is that even possible) is throwing out 50 year mortgages. As someone already said 15 year mortgages should be max available. It would fix housing market immediately if that was implemented. 50 year does nothing but make people slaves to the banks.

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Rates

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Mortgage rates which you claimed would be in the “high 4’s” in December of 2025

You are getting downvoted into oblivion on every post you make in this thread because you have your lips attached to Trumps arse.

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Mortgage rates which you claimed would be in the “high 4’s” in December of 2025

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They are in the high 4s now

I mean i understand you are a moron who listens to the media but you shouldnt be speaking about anything mortgage or rate related to me

You spent the last 4yrs telling us Orange would never win

You just prove my point

You are poor, have bad credit and dont understand anytbing mortgage or rate related

You have ppl on the Money board stating they are getting 5.375% rates and you here saying a high 4% isnt available

Im sorry you are the way you are.