Free Republic

--- "You become a serf to the bank."

Exactly. The article tells the story -- "...with hundreds of thousands of extra dollars in interest."

Whether historical, in Europe or Japan, it was essentially -- as well observed -- becoming "a serf to the bank."

Consider the average lifespan, deduct whatever "childhood" means from that length, and the remaining years approach 50. So this may easily be seen as as lifelong indebtedness. Serfdom.

Consider how close this gets to the "perpetual bond."

"A perpetual bond, also known as a "consol bond" or "perp," is a fixed income security with no maturity date, meaning the principal is never repaid. While not redeemable, these bonds offer consistent interest payments indefinitely, often positioning them as equity rather than debt. They occupy a specific niche in the bond market, historically issued by entities like the British Treasury."

Perpetual Bonds Explained: Definition, Calculation Formula, and Examples Investopedia, n. d.

ANY longer turn downturn in property prices then generates an "underwater" investor, and the recourse then is to bankruptcy and loss of property to that investor. And the bank always wins.

President Trump is getting very bad advice in this, I'd suggest. But there is a world of bad advice out there, these days.

And HOAs..................

“Japan-it was once n the news-100 year mortgages.”

Yes, it was. It makes me wonder if we are in an inflationary or somehow deflationary period. It is very confusing.

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Barefoot Student · Follow Replying to @pulte The Gen Z stare when Pulte tells them that you'll now be able to buy a house at 37 instead of 40 but it won't be paid off till your 87 years old. =============================================================== =================================================================== think like a real estate appraiser @ThinkAppraiser · Follow Replying to @pulte First time buyers are in their 40s. That means you could pay off your house at the ripe young age of 92 years old. Awesome! 1:24 PM · Nov 8, 2025 ================================================================ Thomas Massie @RepThomasMassie · Follow How is “here, enjoy this 50 year mortgage” different from “you will own nothing and you will like it” 9:07 AM · Nov 9, 2025 ==================================================================

“We need to increase wages and bring housing costs down.”

Increasing wages means higher inflation, undoing the idea of lower prices. Lowering interest rates means higher prices too. Housing costs will go down when the economy gets weak and/or housing supply goes up. In other words, getting to lower housing prices requires economic pain, just like every other housing crash.

That’s the good news.

The bad news is what happens to MAGA when Trump is no longer around?

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Which is why we need to eliminate the filibuster. Voters are fickle. Once Trump is gone, they’ll forget all the positive changes he’s instituted if all he’s able to achieve is partial success. In order for his imprint on government to be long lasting, we need the radical overhaul of government that the filibuster prevents us from implementing.

Primarily I’m concerned about voter integrity issues (e.g. universal voter I.D., one day voting, universal paper ballots, etc.) and reforming the judiciary (i.e. dissolving most of the courts and reestablishing them with new, Constitutionalist judges). None of that is going to happen as long as the filibuster remains in place. And without that legislation in place when Trump leaves office, the left will resume their relentless march towards dismantling our Republic, with or without the filibuster in place, and we’ll have lost all of Trump’s gains in no time.

Maybe we’ll have one or two terms of J.D. Vance or Marco Rubio, but as talented as they are, they won’t be able to prevent the left from regaining the upper hand.

So will outlawing hedge fund ownership of homes.

“... need to be sitting in Guantanamo Bay” - agree. Each should also have a very large ‘boyfriend’ in the same cell.

In an interview with popular Russian Z-blogger, the former Duma advisor and current defense executive Alexey Chadaev complains that Russia is spiraling toward 1990’s collapse, with only the defense industry remaining.

https://bsky.app/profile/stratcomcentre.bsky.social/post/3m5bhorlijs25

45 s video Eng subtitles

One of my favorite memories of the George Bush administration is that interest rates dropped enough that we went from a 30 year mortgage to a seven year mortgage with little difference in the monthly payments. Made a huge difference in our financial future.

Fifty year mortgage? No thanks.

Might this not increase the cost of housing?

Buyers could afford more, so sellers will ask for more.

“China that has the legendary 100 year lease scam going on.”

We have those here, as well..............

The Filibuster is stupid. It used to be that the party filibustering had to stand at the podium and speak until they fell over or died, and all other legislation was put on hold until they surrendered the podium. That was a real filibuster. Now they just require a 60 vote majority to move it forward.

The whole idea of a 60 vote requirement for voting on a bill is both stupid and anti-democratic.

Price is a function of supply and demand.

Increase the supply or decrease the demand.

Removal of 20-30 million illegal aliens will decrease the demand.................

Trump is either making a joke, got really bad advice, or actually thinks a 50 year mortgage is a good idea. Might as well implement perpetual servitude and generational debt as the new Amerikan Dream. This idea is genuinely crazy and mimics socialist Germany’s 50 year debt scam and CCCP controlled China that has the legendary 100 year lease scam going on. Both have worked out tremendously well for the elites but destroyed their general populations futures. President Trump, even if this is a joke it is not helping our cause.

I’ve been banned on Twitter/X for 6 years.

Musk still has problem if there are more like me.

But a better housing solution.

Incentives for companies/builders building smaller, less expensive homes for folks who don’t want a McMansion and/or the taxes and costs that come with one.

Then you won’t need a fifty freaking year mortgage.

That’s nothing, I’m carrying mortgage for someone that is interest only. He’s a friend who always said he wanted my house if I ever sold it. I kidded him, saying: “Give me 50% down and I’ll carry you.” He did. He just made a principal payment after 2 years, paid off almost half the principal. He also had to beat the other 4 offers that were above the price.

This is a good idea but it is evidence of a problem - average people need 50-year mortgages to afford decent houses. Look at Europe where they have 100-year, multi-generational mortgages. You become a serf to the bank. We need to increase wages and bring housing costs down.

Some examples for those of us not able to get X or Twitter at work?