Its good to get started i belive. I started out with a 30 year mortgage and then swapped to a 15 year when interest rates were down. I couldn't quite afford it when I first bought. You can also pay extra principle every month and nock the time down.
At best, it seems like a kludge that will probably morph into lifetime debt for too many people.
Mortgages are already for the most part lifetime debts for many.
Taking practical action against the ‘Parasites’ will likely depend on just how you define the term. If you define it as the companies and people buying up and subsequently renting out single-family properties. Sometimes entire subdivisions. Thus denying them to first time buyers.
You’ll have no shortage of pushback and anger. Because it’s become acceptable behavior and just ‘part of the market’. Thus the people who do it and subsequently benefit from it. Want to keep doing it. Alternatively there are those want the opportunity to join the ranks of the people who do and not feel bad about it.
If you’re talking about Section 8 or similar programs. That’s a different beast. Which carries far higher political costs. Political capital must be spent wisely. And different decisions cost and earn different amounts.
This sounds like Germany and Japan and other places that have generational mortgages because their real estate is so expensive. What happened to being able to afford a home, and everything else, on one salary?
This sounds like a new way for housing prices to get inflated…
But people who want to start families now, and not 10 years from now… I don’t blame people for not having time to wait around on the economy to be repaired.
So many of us have had our 20s thrown away on us, we gotta start families now, or won’t get to at all.
Bad idea. Bring the prices and the cost of borrowing down instead. Can you imagine the interest they'd pay on a 50- year mortgage? We'll be having to leave apartments to our kids like they do in Japan.
Outlaw corporate ownership, give extreme tax advantages and interest rates to first time homeowners, There has to be some way to get average earners into nice homes and all the super smart finance types along with Trump need to put their heads together and figure something out. These kids need help especially in their family formation years. But it can't result in homes becoming more expensive, that's going to be a trick though.
Probably get blasted but the problem is that a great many of the kids want a house that has every perfection known to man. They aren’t willing to just have a “nice home”.
here is the issue that USA citizens have a huge problem with. Jealously is at the root.
Why are Americans that are conservative so quick to say Abortion is wrong but at the same time they are so quick to kick their kids out of their homes when the kids turn 18?
That is a huge issue.
One of the roots is to much TV and Movies--or maybe better not understanding how TV and Movies will program you if you are not capable of discernment.
The Prodigal Son left and the father still had enough wealth to only care about his kid. He did not kick his kid out and say sink or swim.
If we would do things more conservative we would want our kids to stay home and figure out what type of career they want or if they want to go to the military. When they start working and/or the Military put their earnings into saving or convert it to gold. Once capable of purchasing a home buy it or most of it and carry a mortgage to play that game a little.
Now if our kids cannot see this and they run off and become engrossed in debt at least now they can still get a 50 year mortgage.
My oldest is autistic and I don't think he will ever leave and I hope he will learn to get a job. He is going to college and we refuse to put him on dependency of government money. My youngest I plant seeds but he is only 13.
my brothers who we all worked for decades and if we did that simple math I wanted to do before our Mom passed away, well we would of all been debt free, but they are not capable of understanding and both wore masks...
The grass is not always greener on the other side. Americans need to relearn to make the grass get green where you are at and help their children to have a foundation or at least helps them understand they have a foundation and if they chose to run off, well when they squandered it all and finally hit rock bottom they will have a place to return. Why should that not be the American Dream.
We are Free to do as we want in the USA because of those who paid the ultimate sacrifice and those who volunteered (some did not) into service of this Great Country. Not ONE American is sinless and neither am I. This is just simple math and love to your family outlook.
What if you have plenty of discretionary income. You take out a 50 year mortgage at say 3.5%. Because you have good income you could pay it off much quicker. Instead you take that extra income and invest it wisely, say making 10-12% per year over time. Wouldn't it be wiser to keep the low mortgage payment and invest what you would have paid instead? That interest you earn is compound interest. I do believe mortgage rates are simple interest. Any financial guru's here to weigh in on this? Am I looking at this correctly?
Lower monthly mortgage payments just means you would have more available money each month for local socialist governments to steal in the form of raising your property tax. This idea will be a bust unless this we eliminate property tax.
I'm not sure if this is a good idea or not. At best, it seems like a kludge that will probably morph into lifetime debt for too many people.
Why can't we focus on getting the parasites out of the markets?
Its good to get started i belive. I started out with a 30 year mortgage and then swapped to a 15 year when interest rates were down. I couldn't quite afford it when I first bought. You can also pay extra principle every month and nock the time down.
Exactly what I did
We did the same thing. Got it paid off in 12 years.
Mortgages are already for the most part lifetime debts for many.
Taking practical action against the ‘Parasites’ will likely depend on just how you define the term. If you define it as the companies and people buying up and subsequently renting out single-family properties. Sometimes entire subdivisions. Thus denying them to first time buyers.
You’ll have no shortage of pushback and anger. Because it’s become acceptable behavior and just ‘part of the market’. Thus the people who do it and subsequently benefit from it. Want to keep doing it. Alternatively there are those want the opportunity to join the ranks of the people who do and not feel bad about it.
If you’re talking about Section 8 or similar programs. That’s a different beast. Which carries far higher political costs. Political capital must be spent wisely. And different decisions cost and earn different amounts.
Imo the price of housing needs to come down instead of using the debt machine to make housing affordable.
It will help a lot when we get rid of 20 million parasites.
DO BOTH.
This sounds like Germany and Japan and other places that have generational mortgages because their real estate is so expensive. What happened to being able to afford a home, and everything else, on one salary?
I would rather we just end all immigration and deport illegals and H1-B’s.
That's part of it
What the fuck??? Be a slave longer now???
Bc a housing king should be in charge of housing?!
No, thank you.
We should all put our homes on the market tmrw and crash their grift.
lets explore this idea further!
I'm all for it. Let's schedule the day! Lol
Kinda’ disgusting actually…..
‘They’ want 20 more years of your interest money……
This sounds like a new way for housing prices to get inflated… But people who want to start families now, and not 10 years from now… I don’t blame people for not having time to wait around on the economy to be repaired.
So many of us have had our 20s thrown away on us, we gotta start families now, or won’t get to at all.
We are deporting 10+ million people.
Lots of real estate will be opening up
I hope so man
Not a fan TBH. The mortgage market money creation is a big contributor to the price.
Bad idea. Bring the prices and the cost of borrowing down instead. Can you imagine the interest they'd pay on a 50- year mortgage? We'll be having to leave apartments to our kids like they do in Japan.
Wanna pay 10x the price of the home in interest?
Can you say "Negative Amortization"?
I knew you could.
I bet the banks like this idea
Outlaw corporate ownership, give extreme tax advantages and interest rates to first time homeowners, There has to be some way to get average earners into nice homes and all the super smart finance types along with Trump need to put their heads together and figure something out. These kids need help especially in their family formation years. But it can't result in homes becoming more expensive, that's going to be a trick though.
Probably get blasted but the problem is that a great many of the kids want a house that has every perfection known to man. They aren’t willing to just have a “nice home”.
here is the issue that USA citizens have a huge problem with. Jealously is at the root.
Why are Americans that are conservative so quick to say Abortion is wrong but at the same time they are so quick to kick their kids out of their homes when the kids turn 18?
That is a huge issue.
One of the roots is to much TV and Movies--or maybe better not understanding how TV and Movies will program you if you are not capable of discernment.
The Prodigal Son left and the father still had enough wealth to only care about his kid. He did not kick his kid out and say sink or swim.
If we would do things more conservative we would want our kids to stay home and figure out what type of career they want or if they want to go to the military. When they start working and/or the Military put their earnings into saving or convert it to gold. Once capable of purchasing a home buy it or most of it and carry a mortgage to play that game a little.
Now if our kids cannot see this and they run off and become engrossed in debt at least now they can still get a 50 year mortgage.
My oldest is autistic and I don't think he will ever leave and I hope he will learn to get a job. He is going to college and we refuse to put him on dependency of government money. My youngest I plant seeds but he is only 13.
my brothers who we all worked for decades and if we did that simple math I wanted to do before our Mom passed away, well we would of all been debt free, but they are not capable of understanding and both wore masks...
The grass is not always greener on the other side. Americans need to relearn to make the grass get green where you are at and help their children to have a foundation or at least helps them understand they have a foundation and if they chose to run off, well when they squandered it all and finally hit rock bottom they will have a place to return. Why should that not be the American Dream.
We are Free to do as we want in the USA because of those who paid the ultimate sacrifice and those who volunteered (some did not) into service of this Great Country. Not ONE American is sinless and neither am I. This is just simple math and love to your family outlook.
IMO, this is only a good idea if interest rates are super low
Mandatory 0.75% apr
What if you have plenty of discretionary income. You take out a 50 year mortgage at say 3.5%. Because you have good income you could pay it off much quicker. Instead you take that extra income and invest it wisely, say making 10-12% per year over time. Wouldn't it be wiser to keep the low mortgage payment and invest what you would have paid instead? That interest you earn is compound interest. I do believe mortgage rates are simple interest. Any financial guru's here to weigh in on this? Am I looking at this correctly?
Move.
Lower monthly mortgage payments just means you would have more available money each month for local socialist governments to steal in the form of raising your property tax. This idea will be a bust unless this we eliminate property tax.