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Posted on 11/08/2025 12:23:00 PM PST by Trump20162020
President Trump proposed 50-year mortgages to improve housing affordability by lowering monthly payments. While longer terms reduce payments, they also slow equity buildup and are currently not allowed under the Dodd-Frank Act.
(Excerpt) Read more at housingwire.com ...
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unfortunately, going to a 50 year mortgage does not reduce the monthly payments by nearly as much as one might imagine
Lived through the 15% - and more - interest rates in the 70’s.
It was tough - but the cost was offset by the fact that much more of
interest expense was tax deductible then than now.
Sounds like a good idea.
You can also pay off your credit card every month. Unfortunately the young people are not going to do that. Many older folks too.
exactly correct. It is simple supply and demand.
Make it easy to build smaller cheaper homes and they will be built driving up supply and down prices.
You dont “build” affordable housing, you build a LOT more housing which will drive down the cost as supply goes up. Anything new will cost the most.
There is a site that estimates overall mortgage payment saving based on principle, interest, and extra amount paid each month. I’m down to 54 dollars interest a month, so I don’t look it up.
Just go TO youTube and search for D.R. Horton and /or Thermo-Ply. You’ll be entertained for weeks.
many cities require home to be larger than a certain size
Yup.
Like I said, running those pretend amortization tables?
Yowza. “Save” a hundred bucks on the payment and now you HAVE bought a million dollar home.
Well, not a “million dollar home”. Just a home that cost you cost a million dollars total :-)
But yes, as someone said - a 50 year mortgage doesn’t mean you necessarily stay in the place for 50 years.
Still, it’s not unlike these ridiculous car loans spanning 7 years now.... People need to do the math - or maybe learn to do the math - on such things.
You’re all too gullible.
He’s battling onsey-twosy, violent criminal deportations to both fool the likes of you and enrage the left.
Actually taking mass deportations seriously? No. Since the budget deal in Congress this summer he won’t even refer to deportations without focusing on just the bad hombres. (He has shut up about his earlier claims for amnesty for the rest of them, but we know from his actions where he stands on that.)
Another idea is the family homestead, as long as the family gets along. Together, they buy a property and live in multiple small homes on the property.
the reason the fed wants 3-4% inflation is to help drive the economy.
That level of inflation halves your savings every 20 years. Without that, most people would stop working when they had enough.
Rand and Ron Paul get a lot of flack here - but at least they are consistently averse to debt and underscore the problems with it.
“Why not 15 year car loans ....”
That thought occurred to me too, but I didn’t Post, LOL.
Been saying for years, we’d better get back to the concept of extended families and treating it like a ‘clan’, meaning everybody pulls together for whole extended family.
Geez people here are so ill informed.
Just get an amortization table, pay extra principle every month ( a pittance in the early years of the mortgage) and knock that loan down to 25 years or less while keeping those low payments…which is what is going to attract new buyers.
Personally went with 30 yr loan, min down
Used extra cash and prepaying principle to knock it down to 15 yr
Then got it paid off
Rand and Ron Paul get a lot of flack here - but at least they are consistently averse to debt and underscore the problems with it.
Ahhh, screw the grandkids, let’s party!
100s of thousands.....
I pray you’re right. his base just needs to be loud and remind him that channeling FDR for anything is NOT for the betterment of our country...
That’s another problem. Towns prefer McMansions to multiple small homes.
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