Posted on 01/03/2024 1:39:50 AM PST by RomanSoldier19
Tth elevated interest rates and persistently high home prices, American homebuyers have felt firsthand the squeeze on their budgets.
According to real estate mogul Grant Cardone, the necessity for substantially longer mortgage terms is on the horizon.
“The savior of America will not be lower prices, it will be longer mortgages,” he said in a recent TikTok video. “In your lifetime, you will see mortgages go from 30 to 40, 50 and maybe even 60 years. You could, if you live long enough, see a 100-year mortgage in America.”
(Excerpt) Read more at msn.com ...
That’s how it is in Japan. 200 year mortgages are a norm.
The child that takes the parents gets to be the one to continue the mortgage.
You will own nothing and LOVE it.
-WEF
we are becoming 16th century england. And people wonder how feudal lords and kings came into power. People taxed THEMSELVES to death with welfare payments until such time as their kindness with government coffers broke the government and the lenders demanded payment....
That is false information - it is definitely not "a norm"
Typical mortgages in Japan have a maximum term of 35 years and it is expected the applicant will be no older than 80 years old when the mortgage loan is finally repaid.
There WERE those 3 generation loans in the 1980s and early 1990s when Japan was booming, due to freely available credit and increasing land prices. That was during Japan's bubble economy which was a result of the Japanese government's monetary policy to counter the rising yen in the early 1980s/
When my sister in law was looking at mortgages in 2012, the APR was I think around 3% (probably less as I rounded it up in my head) and was for 30 years
200 year mortgages in Japan may exist but they are far, far from "the norm"
When Japan was booming, it was a thing. However, I was not aware that they had quit that.
We have 10 year 80,000.00 pick-up trucks now. Wont be long till they are 150,000.00 and 20 year loans.
I would agree...by Japanese law, it’s supposed to be limited to 35 years. They also emphasize a minimum of 10-percent down-payment. I doubt that you will find any banks who will do a 100-percent situation.
You will own nothing and be happy. Societal regression back to feudal serfdom living, becoming a domestic servant owned by a Cabal Master. This is where the psychos want to take us, but first, they will steal all our property. Listen to Catherine Austin Fitts describe it:
I think I see a small problem with this prediction, especially in a society that is increasingly single and childless.
What I find interesting about a scenario like this is that it helps support a theory that I’ve had for some time. There are two things that have become commonplace in modern civilization that are ultimately unsustainable in their modern forms and will likely disappear over time. They are: (1) retirement, and (2) home ownership.
I’m not renting underwear.
Yep sounds right.
Say thank you to Obama’s fundamental changes which expedited your observations
I don’t see what Obama’s “fundamental changes” had to do with it. Retirement can’t be sustained because there’s no economic model that supports the notion of paying people who aren’t working. Home ownership is unsustainable because there’s no economic rationale for separating property ownership from its productive use.
Close the border.
Who is paying cash for these half a million dollar homes. My friends house went two days after market. It is really a 160,000 home. Almost no land and only 2 bathrooms with a tiny kitchen.
This has got to be corporate money.
There’s already stores and apps you can rent clothes...
We already have pickups well over a $100k....
Grant Cardone is a Scientologist.
He’s an “influencer” and a scam artist with some real estate investments.
BFD.
This guy is a fraud.
Some due diligence before posting fear pr0n will go a long way.
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