Free Republic

“Paid off the 30 year mortgage in 16 years and now that money goes into the bank...............”

My credit union loaned me via the mortgage, money at 3.1% which is invested in stocks yielding over 2% in QUALIFIED dividends and are appreciating at over 10% a year.

Diminishing Musharaka is a gradual shift from mainly renting to full ownership.

It IS the sign of a problem. A money-printing and debt problem. The US money supply is up nearly 40% since 2020. That money is blowing a massive bubble in areas like real-estate and tech stocks.

And it's not only the USA. Its the same in all advanced countries and China.

Trump can't fix it. Its built in to our political and monetary system.

The origin of the word mortgage is Old French, meaning 'death pledge'.

still not tired

It doesn’t matter.
Extremely few people ever pay off a mortgage. They just move on to a different house with a new mortgage, or take advantage of refinancing if rates go down.

People just care about how much a month they can afford. They don’t know or care about how much is principal and how much is interest.

Essentially, banks own housing. You just rent it, the rent being your mortgage payment. And you have todo all the upkeep yourself.

“Diminishing Musharaka is a joint purchase agreement between you and your Islamic bank.

“Each payment, consisting of rent, capital, and charges, reduces the bank’s share and increases your ownership stake.

“As your share grows, the bank’s share, and your rent, decreases over time.”

“Renting can be the right choice for some.”

$6 year sage when we first got married, we rented.

Then after about 6 years we bought a mobile home and rented the lot from a trailer park owner.

Then we were able to eventually get a mortgage for a real brick and mortar house and sold the mobile home.

Paid off the 30 year mortgage in 16 years and now that money goes into the bank...............

“How about NO interest on a mortgage like the muslims get.”

It may not be called interest but they still pay it to the lender.

He’s a victim of lawfare.

He was never charged with any criminal offense. Pardons don’t apply to civil cases.

Either Trump is pulling our legs or he is nuts...thinking the latter.. Why would anyone with half a brain indebt themselves for 50 years?

Thanks. She was my best friend and died of lymphoma. I had her put down, she was suffering so much. It is still very fresh.

Whoopy! The payment difference on a $200,000 mortgage is $142 per month.

DJT should nominate 3 rock-solid constitutionalists all at once. Without any prior discussion, tweets, trial balloons, etc. it’ll be completely unexpected lightning bolts out of nowhere and it will hit the demholes and their msmwhores like an H-Bomb. then let them all bitch and moan and protest. Let’s have the discussion now, once and for all. then a week later say: fine let’s limit it to 9 justices, have an amendment to the Constitution introduced in Congress doing so.

It’s such a shame what happened to them. Makes me mad.

“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.”

To build a house much larger isn’t that much more expensive.

Many costs go up by the square root and not linearly.

To double the size of a house:
1. ~40% more studs
2. ~40% more wall OSB & siding
3. ~40% longer interior electric wire & horizontal plumbing runs
4. ~40% more cabinets
5. 100% more roof & floor plywood & flooring
6. ~100% more for trusses & joists
7. ~60% drywall & paint

The onsite labor costs goes up by about 40%.

The offsite labor costs goes up by very little.

They are marked down because his company keeps getting sued over the election stuff and he likely needs money for the company.

“What’s the difference between renting your whole life, which many people do, and having a lengthy mortgage?.....Not much, except that you or your heirs will eventually own the property. You pay the taxes either way.........”

With a mortgage your loan payment stays the same. Taxes and insurance increase but same for renters.

Rents increase as property values go up. The owner pockets a small income and builds equity.

Renting can be the right choice for some.

Taxes affect