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 ...
Dear FRiends,
We need your continuing support to keep FR funded. Your donations are our sole source of funding. No sugar daddies, no advertisers, no paid memberships, no commercial sales, no gimmicks, no tax subsidies. No spam, no pop-ups, no ad trackers.
If you enjoy using FR and agree it's a worthwhile endeavor, please consider making a contribution today:
Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you,
Jim
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?
Worst. Idea. Ever.
My HOA has had a minimum 1,500 sq ft requirement for any new construction for years. Most of the existing homes are well over 2000 sq. ft, however.
But like everywhere else, construction has boomed here in recent years, and the new homes are smaller. Most are between 15-1800 sq ft. And I have not seen one sell for less than $450 thousand.
BINGO
And end apartments for the illegals.
I raised my family in a house that was 1800 square feet, but we could have managed with less space. To me, a small house would be apartment-sized. Currently, I share a 2BR apartment between 1100 and 1200 square feet, and it has plenty of space. If it were split into 3BR, I could have easily raised my family in a house this size. The single bedroom apartments here are between 800-900 square feet, enough room for a single person or a couple. In my golden years, I’d settle for a small, quaint cottage. :-)
But, as others here have pointed out to me, building a smaller-sized house might not be much less expensive than building a slightly larger one. So, I don’t know what the answer is.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.