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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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That about sums all this up.
I’ve never had a mortgage. That is, I’ve never been on the bloody end of one. On occasion I will finance a buyer for a short term (5y or less).
People don’t take debt seriously. 50 years?? To people my age that’s farther off than ye crack of doom. You going to take out a 50 year note and leave it to your kids (if you ever get around to having any)? They won’t WANT it. (I have made a heap of money buying houses that heirs don’t want.)
Just rent. You get a built-in free repairman forever. You get to play that game, “How Long Can I Live Rent-free.” Who needs a half century of debt, plus maintenance, insurance, and taxes? (Never had a tenant either, but landlords have wept on my shoulder.)
Like I said - to be fair, not all in a single comment - a part of me is actually rather torn on this.
We’ve seen that the “market” will bear things like Klarna, where people actually pay for the taxis for their burritos in installments!
I guess I’m old enough it won’t matter to me, but what I’d tell my kids and grandkids? Get a promise NO BAILOUTS.
Problem is - 50 year promises from the government are written in jelly.
Property tax is awful here in Texas. Want a nice place, a few acres and a house? Expect to pay from three to five hundred a month in tax. And that will not go down, rather, it will go up as valuation increases. And continue forever...
Yep, schemes like this will only increase the wealth gap.
You want a revolution? That’s how you get a revolution.
You’ll probably find that for new construction, many of the costs are fixed no matter how large or small the house is — like sewer lines, electrical connections, building permits, two-car garage, patios or decks, etc.
Let’s back it up with zero inheritance / death / estate tax, so families can thrive from their relatives’ hard work and spend the money to enrich their communities.
“We didn’t know the guy was going to hang onto the job like a Pope!” - Archie Bunker
Throwing spaghetti at the wall
What this absolutely confirms, if you hadn’t caught it already, is that Trump is committed to no mass deportations.
Because if you were, it not only would already be underway, we would have no need for new financing to make housing affordable.
Yes, it sickens me that whomever we vote for has already been vetted for uniparty compliance.
Yup. Well done.
We were sent a 0% interest rate, 0% fee balance transfer check for a credit card. So we paid down our 6% mortgage $25,000. A year later we had the funds to pay off the credit card. A few years more we did it again. We were then able to pay off our 30-year mortgage (with 2 refinancings) in 14 years from the original loan. It was God’s grace.
2.75%, wow. How common is that? Wisconsin average is over 5%. I have CD’s at nearly 5 return!
Price is set by supply and demand. 50 years mortgages would increase demand without affecting relative supply; decreasing government regulation increases supply relative to demand.
When I was young, most families lived in houses that had one bathroom. Nowadays, even apartments have multiple full bathrooms.
we already *have* 50 year mortgages: They’re called renting.
Yeh but if you rent you cant live in it after you die
Not wanting it is one thing, but why sell below value?
NO!
Horrible “idea”!
Wow. If building permits are that high, I can understand why builders need to build larger, more expensive homes.
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