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.
Posted on 11/08/2025 12:23:00 PM PST by Trump20162020
|
|
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. |
If builders would build smaller homes, maybe people could afford them.
It’s flat out usury.
Average mortgage is only held for less than 15 years. People move, croak, face foreclosure, etc. The pittance of equity on a 50 year deal wouldn't touch the wear and tear of life.
Trump needs to set The Fed’s Inflation Target to 0.2%.
Why not perpetual mortgages?
If builders would build smaller homes, maybe people could afford them.
Problem is, an “affordable” neighborhood will be crime-ridden.
Would love to read some sources for the above. Thanks in advance.
Just my opinion.....
but Trump has a pattern of suggesting horrible ideas and then waiting for the pushback from the people. I think this is one of those horrible ideas.
The big one I remember from his first term (the first year of it, IIRC) was red flag gun laws. At that time I groaned and thought that voting for him was just another vote for a so-called R who was selling me out. Now he is one of our strongest 2A Presidents ever.
I’m pretty confident that this is a similar case. Trump waits to hear the voices of the people. We need to be screaming and yelling about what a horrible idea this is.
Alternative hypothesis: I also believe that Trump is working to break the Fed. Would this be part of that scheme?
Hard to know what is really happening. We live in interesting times.
I believe they were doing 50 years in Germany when I was last stationed there. I heard such a thing in any case. They became multi-generational homes is what I also heard. Scuttlebutt. Couldn’t prove it if my life depended on it. Lol.
A 15 year used to get you lower interest as well. I always went 15 year as well. If I had cash come in I would pay some down which would reduce the term. I would have preferred to reduce the payment. I always believed the more disposable income the better. A down side of reducing the term is that you have less interest deductions since most of your payment is for principle.
With a 50 year mortgage you could probably pay $200 and reduce the term to 49. It would be preferable to buy a slightly smaller house, make the same payment, and get a 30 year loan.
There’s a lot of fixer-uppers out there, we should be providing incentives to clean up those neighborhoods and refurnish those houses. But the thing is, you have to make sure those neighborhoods are safe, and I fear there’s no way to make that happen without all the cries of “Racism!”
Why not 15 year car loans to help with affordability? /s
Here’s one technology:
Robotic Construction is Here.
Introducing Hadrian®: the world’s most advanced construction robot, capable of building structural, load-bearing walls
https://www.fbr.com.au/view/hadrian
The way we do it in our family (my wife and me, and each of our two daughters and their husbands), is invest the extra instead of paying extra on principal. That investment is in a separate investment fund (one for each family) earmarked in our minds as for home equity. One daughter will use it to pay off her mortgage (faster than she would have if she had paid extra on principal.
The other daughter is doing like my wife and me: when the investment balance equals the mortgage balance we'll count the house as "paid off" and make future mortgage payments from the mutual funds in the investment account. If there's ever a dispute between us and the bank, we withdraw the money from investments and pay off the mortgage (so the borrower won't be slave to the lender). But if we always have good relations with the bank we'll keep the money invested (so it keeps gaining more than the interest of the mortgage). Either way, the normal part of our budget feels like the house is paid off.
“If builders would build smaller homes, maybe people could afford them.”
THIS!
In deference to builders, the permits are usually on a per home basis. And $50-70k in CA.
There’s a certain part of NW OKC that had become blighted back in the 60’s.
With the influx of Vietnamese starting in 1975, it got cleaned up and made respectable and gentrified.
So yeah.
No. Repel the 60 million illegals here cutting wages, bankrupting our government, and destroying our culture—and housing will become more affordable while incomes also rise.
Omg what a horrible idea. Geez…….
When I bought my first house, 30 year mortgages interest rates were 18%. Houses prices were a lot lower.
Which is really the problem.
The old saying - when you owe the bank $100 thousand dollars, that’s your problem. When you owe the bank $100 million dollars, that’s their problem.
I’m quite familiar with how finance works - and the problem is that DJT thinks the same rules that work when we’re talking 10-11 figures are the same when we’re talking 5-6 figures. They don’t.
One of the saddest things to me is to see what happened to all those homes in Detroit. They were beautiful homes, and they all went to crap.
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.