Posted on 11/08/2025 12:23:00 PM PST by Trump20162020
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If builders would build smaller homes, maybe people could afford them.
True enough and people can ask or search for contractors who will do so.
Why not? I couldnt believe when they went over 5. Then 6 and now 7? Nobody suspects there is something very wrong here?
And 50 years later, after paying tens of thousands in punitive property taxes, you still won’t own that home unless you keep paying the government rent.
Ruthless loan sharks must be envious of this arrangement.
Not a good move. Looks real bad as well.
Society is reaching the point where family heirlooms will become financing terms passed down from generation to generation.
We need to see this thought process stop.
At minimum, we should NOT be proposing ideas that accelerate it!
But if the Californians that drive these building crazes cut down on the size of their home then all they would have left is the 6 bathrooms.
100%.
One big con-job.
OMG no.
*******************
First thing, I’m not advocating for long term debt structures for individuals, but I wouldn’t be so quick to shrug them off.
“The devil’s in the details.”
I’m not a fan because stretching current real estate debt out will only continue high valuations, instead of sellers dropping their pricing.
However, mortgage debt has a complex history and prior to the current government real estate market created after the Great Depression & WW2, an individual generally had to secure a bigger down payment and had shorter length on the note.
I’m a skeptic for now, but history shows that longer terms weren’t the end of the world for creditors or debtors post WW2.
I still have trouble with 72 month car payment schedules.
Exactly. Underwater on 50 years and you won’t be able to, well, own it.
I am still in Trump’s corner, but this is a head-scratcher, to say the least.
Keep up deporting illegals AND cut back on legal immigration too that will help lower the cost of housing
Really anything else would have to be done at the state level
“You own nothing, and be happy.” - Klaus Schwabb
That seems logical, but .... I mentioned this here once before and was educated on the economics for the builder of building small vs large., even very large.
Less for materials, of course, but land mass about the same, and plumbing, electrical, time spent on a 20 foot wall vs 12, well, septic or municipality hookups, landscaping, paperwork, etc. too close and too expensive to extend for a small finished price.
“Increase building of single family homes by getting rid of the green regs stopping it.“
^^^^^This.
50-year mortgages are not uncommon in some European countries. They make sense under some limited conditions: (1) old cities that are fully built out so property values never decline; and (2) cultures with multi-generational housing where most new homebuyers can count on handing down properties to their children and grandchildren.
Builders build what people will buy.
Personally, I think the problem is simply that first-time homebuyers stubbornly want to live in the hipster, expensive areas where premium pricing will apply.
I have some sympathy with that. Just a few years ago, had this discussion with my daughter and SIL - now, their money, their choice. They’re responsible and they got a great rate (2.75 on a 30 fixed!). It’s a nice place and I would not deny I love the neighborhood.
However, I couldn’t help teasing a bit: At the price they paid? They could have bought an absolute mansion in Dayton, Ohio or Ft Wayne, IN or whatever.... Not that I wanted them to move further away, but I’m just saying. Daughter’s a doctor and SIL has a good job he can do remotely.
Like I said, it’s their money and they’re adults so they can make their own choices with it. But, I couldn’t help SMH.
Personally, I think the problem is simply that first-time homebuyers stubbornly want to live in the hipster, expensive areas where premium pricing will apply.
They're already hustling people for 7 or 8 year car loans. Might was well extend car loans to 20 years...lol
THUD :: .... !!!
Preposterous.
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