Posted on 11/08/2025 12:23:00 PM PST by Trump20162020
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If you need a 50 year mortgage, you can’t afford a house, period.
Here there is a property tax bill that is divided into school and town. Both fund separately.
Aw what the hell. Why not? You never really own your home anyway, thanks to onerous and perpetual property taxes.
I just play the cards I am dealt. If the 50 year mortgage is available I will weigh the ability to leverage borrowing for investing in assets that can appreciate faster than the cost.
Very good points! Nice work there.
“A 50 year mortgage which offers various ways of paying it off early would be a good guarantee for many. “
Just like present mortgages. You satisfy the lender by paying them the balance.
Do you have a helicopter and a GF who is a capable pilot of same?
My Property Tax bill has >20 line items [School, City, County, Public Trans., etc.]
All have to be paid simultaneously to the same “Authority”.
[Or ELSE!]
“What is needed is a big dose of DEFLATION .....”
As one who has no debt, I agree.....
Thanks.
Good Info.
Now add Lot, Utilities, Labor and finishing.
“You Will Own Nothing And You Will Be Happy”. Probably the worst idea I have heard in my lifetime. Canceling the 30 year would be a more appropriate, although temporary painful, solution. At the end of the day the monthly payment is always going to be about 1/3 of the median monthly pay for the area. monthly “Affordability” with credit is a paradox, it is going to come down to how much money it takes compared to your lifetime earnings.
Is this the Bee?
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