Goyim deserve to be enslaved.
>>520965974And as usual you mutts WON'T DO SHIT about it anyway even with muh guns lol.
>>520965974Did he actually post that? lol
>>520965974nothing personnel goy
>>520965974>50 year Trump mortgageThank you daddy!
>>520965974Retarded take. The 30 year mortgage allowed people to move into homes instead of rented spaces and put the money they would have spent on rent towards a home their family will eventually own. 50 years allows people to do the same now.There is absolutley nothing wrong with this. Too many people are permanent renters due to high down payment. Fuck you someone should kill you.
>>52096710050 year mortage at 30 means you're never owning retard.>but muh kidsNo one's gonna hae them if they can't own within their own life. And 30 was shit goy slavery too.
>>520966487https://truthsocial.com/@realDonaldTrump/posts/115515420947464459
>>520965974Means house prices can go up, because dumbasses will pay as much as they think they can afford, for the best houses.Buy a house now, while Fat King Donald is manipulating the market with tweets, lmao.
>>520967395>it's realL O LOL
>>520967100You goyim are amazing creatures lmfao have you ever seen an amortization schedule before?
>>520967395I'm confused, doesn't this make him look bad? Does he not understand that?
Aaaand the bucket continues to get kicked down the road. Houses will continue to go up in prices because of this now instead of correcting.
>>520965974fdr was a nigger that started a lot of the problems The United States has today.
If this is the best they can do, they're fucked.
>>520967516His followers see a bigger number and his smiling face. That means it has to be good.
>>520967358Yeah, if you're making payments over 50 years like a fucking retard. Shut up, nigger.
>>520967358You're a retard if you're just making the bare minimum payment you now have lower minimum payments that you can easily pay it off well before 50 years
>>520965974Important to understand that FDR helped transform America into the nightmare it currently is and that the old rightwing strongly opposed him. His policies were the seeds of the progressive agenda. You’ll hear the 20th century called the progressive century. The fact Trump, supposedly a right wing guy, is comparing himself to FDR demonstrates how incredibly fucked our political system is. There is no real politically active rightwing party. We have two leftwing parties.
>>520965974"In this example, extending the term from 30 years to 50 years: Lowered the monthly payment by only $164. This is the immediate, small benefit of the 50-year term, which makes the home seem more "affordable" month-to-month. More than doubled the total interest paid. The total interest paid on the 50-year loan ($1,098,212) is almost exactly twice the interest paid on the 30-year loan ($557,983), plus an extra $40,000."
>>520967801geg
>>520965974wasn't teddy accused of being a pedo and that's where pedobear came from, teddybear
>>520967801Only if you make the bare minimum payment
>>520967395Conductor we have a problem.
>>520965974>>520966487>>520967395>>520967475The right is bad at math. Why shouldn't they get scammed?
>>520967995yea but thats FDR not teddy
>>520967995Retard
>>520968129what's the difference
>>520967997Explain how to pay off a 50 year loan "early" without paying the same amount in interest regardless on the contract. If you actually start posting math you are an extra special sort of retarded.
>>520967538Its can nit bucket you retarded smelly ranjeesh
>>520967358>i have to work to give my kids a better start than i had oh no!Faggot
>>520970212you and youre kids are slaves
>>520967100there's nothing wrong with being millions of dollars in debt
>>520969949I’m confused. I’ve never had a mortgage. But if you pay more can’t it all go towards principle and you don’t have to pay that interest?
>>520965974From generational wealth to generational usury... you love to see it!
>>520970212By the time his kids are adults, they'll come up with a seventy year mortgage.Who am I kidding, though, the United States and the current economic system is NOT gonna be around within just fifty years.
>>520967100> The 30 year mortgage allowed people to move into homes instead of rented spacesWhat if, instead, people just got houses for free, and the former landlord was used to start a compost?
>>520975007How much generational wealth did your family leave you? >>520974961So you're too dull witted to just do a Google search and take 3 minutes to see how this works? Hard to believe you're not a homeowner.
>>520975134>What if, instead, people just got houses for free,That seems like a good idea. Let's all get together and build some houses to give away for free.
>>520975134>”nO bEcAuSe ThAtS cOmMuNiZm!1”
>>520975436Cool, three of us so far ready to build some houses to give away for free. What sort of building trades can you do? Do you own any tools or heavy equipment?
>>520975134Sorry, Israel needs the missiles and various failed states need 40 billion dollar bailouts. No home or affordable groceries for you
>>520974961>>520975291You can make principal only payments on separate transactions. I paid my house off in 5 years doing this every month. The amount of interest you pay each month is calculated on the current principal balance.
>>520975393Unironically based
>>520975546What do you do for work? How much savings do you have?
>>520965974Trump upended 90 years of American conservative thought by calling FDR a great president
>>520967358You still never own it fucking dumb nigger. What you own is the equity compared to renting. Whether it's for 30 years or 50 years doesn't matter. Stop paying your property taxes and see how much longer you will "own" your house.
>>520967100>>520965974>just work more goyim
>>520976257>Stop paying your property taxes and see how much longer you will "own" your house.Why don't you explain how you think this works.
>>520975393You seem confused. The houses are already here.
>>520967100How about a 1 second mortgage? After all, time is meaningless in this convo.
>>520967463>Means house prices can go up, because dumbasses will pay as much as they think they can affordThis. The future is doing to be multigenerational mortgages over 60, 80, 100 years in order to keep enabling house prices to increase.
I fucking hate this boomer platform with back pain
>>520976530>The houses are already here.So there's enough single family homes in the USA that we can all have one? Cool. I call dibs on oceanfront on Nantucket. Where will your house be?
>>520967729Nope. The republicans are right wing. The right wing simply left you behind
>>520976657>The future is doing to be multigenerational mortgagesWhat do you do for work? How many generations is your current note and what is your monthly payment?
>>520969949Is that how mortgages work in the US? Here you might get say a 30 year mortgage but the deal is only fixed for 2 to 5 years, at which point you get a brew deal or pay the entire thing off (usually the former obviously). You're not locked in for 50 years or obligated to pay 50 years worth of interest if you pay the mortgage off early.
>>520967516He thought the BBB would completely eclipse the Epstein Files, he’s not had the best judgement lately.
>>520976791I work on oil rigs, have a 25 year mortgage (22 years remaining) and pay just under £1200 a month for a £300k property. Why?
>>520976889>I work on oil rigs, have a 25 year mortgage (22 years remaining) and pay just under £1200 a month for a £300k property. Why?So how much of a nigger would you have to be to fuck that up and turn it into a "multigenerational mortgage"?
>>520967100Being realistic and accepting that things are never going to get better, you have a point. But no one is going to be happy about it
>>520967100People like you are why I eventually decided that America deserves its current fate. I can't stand you, you're all detached from reality and deserve to be slaves like you are.
>>520975507Why would I have to build it when we can just eminent domain the 40% of homes on sale from blackrock/other investnent companies and tax from corporations to run training programs to train unemployed men into homebuilders and buy materials to build the rest that we need?
>>520967722Lmao
>>520977108>you're all detached from realityTell us more about reality.
>>520977108>”I can't stand you, you're all detached from reality and deserve to be slaves like you are. MIGA! TRUMPSTEIN IS THE BEST!”kys FAGGOT
>>520967100oy vey there's nothing wrong with 150 year mortgage, your grandchildren will pay it offstop being so antisemitic
>>520977129>40% of homes on sale from blackrock/other investnent companiesFascinating. >train unemployed men into homebuildersWhat will you be doing while all those people are out building a house for you?
>>520977228>150 year mortgageWhat do you do for work? How much is your principal and monthly payment on that?
>>520977006I wouldn't say the current property price, obviously. The point is that increasingly lenient lending rules like longer mortgage terms just result in increased property prices which in turn necessitate even more lenient lending to keep the cycle going.
>>520977211My response was telling a migafag that he's retarded. American public school education at work again. Time to get ready for you "job". My bennies arent going to pay for themselves chop chop faggot, let's get that commute started.>>520977185You wouldn't get it.
>>520977259>one trillion in his bank accountlollmaoHe gets 1 trillion in shares if he multiples the company valuation by like 500%>give every human on earth $1B = total expenditure $8BYou'd get $125
>>520977526Congratulations on figuring out the joke newfren.
>>520977367>The point is that increasingly lenient lending rules like longer mortgage terms just result in increased property prices which in turn necessitate even more lenient lending to keep the cycle going.So you're saying that people that are niggers with money will always be poor? >>520977460What do you do for work? How much is your house payment?
>Mutts are so scared of number go down and deflation they're doing 50 year mortgagesJust let housing correct like the chinks did. If jews kvetch just ignore them.
>>520977721>So you're saying that people that are niggers with money will always be poor?I mean that goes without saying but no, that's not what I was saying and was irrelevant to my point. The point is that house prices are set by supply and demand like everything else and so simply allowing longer borrowing terms does nothing to increase house availability, all it does is temporary enable more people to afford more houses until the market corrects itself with increased house prices. This is great for the financial industry and terrible for everyone else.
>>520977259I work at the patent office and already own my own home, so i’d keep working at the patent office while young men get trained for a lifelong career and the housing crisis gets solved
>>520966342If these people knew what they were literally fighting for instead of just textbook racism they would have torn this country apart and slaughtered these traitors but no they didn’t have real racism one built on close to 100 years of fatigue and exhaustion because of the literal subhuman behavior humanity must have pain to truly change for the better these were weak men and women on both sides weak in their inexperience of life to truth Christ is king
>>52096710050 year mortgages will just push prices even higher by expanding buyers without expanding supply
>>520978044Amazing how many people don't seem to understand this and just think there'll magically be enough homes for everyone.
>>520965974You know what? Just let the democrats dominate the US forever. Anything is better than republican control at this point.
>>520965974I don't get it
>>520965974Things will never change until the intelligence agencies, underground military-industrial-complex lairs and defense contractor facilities are stormed and the glowniggers and parasites who work there are executed and the data they collect is leaked to the public so that the rest of these government assets, zogbots, mercenaries, glorified jannies and authority figures can be hunted down and exterminated.
>>520977937>The point is that house prices are set by supply and demand like everything else and so simply allowing longer borrowing terms does nothing to increase house availability, all it does is temporary enable more people to afford more houses until the market corrects itself with increased house prices.But how would you legislate people not wanting to buy shit they can't afford with money they don't have? The people taking an extra 20 years of debt over a difference of a couple hundred bucks a month are either leveraged well and getting a better return on their investments or complete niggers who lease new cars every year and live hand-to-mouth despite household incomes of 300-400K. >>520978044>Increased demand/prices don't entice new supply to come to market.Fascinating. Tell us more.
>>520978358>But how would you legislate people not wanting to buy shit they can't afford with money they don't have?Are you under the impression this is something I proposed?
>>520967516Do you think the retards who voted for him know that?
>>520976450He is right though unfortunately property taxes are basically a forever tax and they can be outrageously high
>>520978173>just think there'll magically be enough homes for everyone.There's still shitloads of cheap land here on this continent. The issue is the number of people who want to live in the red parts.
>>520978513>Are you under the impression this is something I proposed?I don't know. The point is if the 50 year note sells it's because that's something that people want. Next time the fed dumps interest rates I might even consider fronting a pile of cash out of my house just to dump it into stocks.
>>520978585>property taxes are basically a forever tax and they can be outrageously highTell us how you believe property tax works.
>>520978617Yes, almost every country is like this. Not particularly relevant to the discussion though, as people will continue to compete for the limited number of properties in desirable areas for the most part, even if that means taking on long term debt.
>>520978290Into the oven, kike.
>>520978741>The point is if the 50 year note sells it's because that's something that people want.Obviously. You started responding to me based on my observation that we're moving towards ever longer term property financing and my belief that this will likely continue into mulitigeneration mortgages. Do you dispute this?
>>520978788>implying 50 year mortag aren't making Trumps israeli handlers and bankers cream their pants in anticipation.You miggers aren't just traitors you're retarded traitors. I'm going to enjoy watching republicans get raped by democrats in the 2026 midterms and 2028 election and future elections for the forseeable future after this shit show.
>>520967516Trump is a dementia addled retard emboldened by his slavish golem followers who refuse to tell him "no" on anything.
>>520978778>people will continue to compete for the limited number of properties in desirable areas for the most part, even if that means taking on long term debt.OK. My point is that I didn't have to do that, you didn't have to do that, and it's 100% voluntary.>this will likely continue into mulitigeneration mortgages.Seems unlikely outside of extreme ends of estate planning or last gasp refinancing of existing loans.
>>520979097How much is the principal and monthly payment on your current mortgage? What do you do for work?
>>520967100OH BOY INDENTURED SERVITUDE!! HOW WONDERFUL!!
>>520977259Shit like this is why socialism is becoming more and more appealing to the average American.
>>520978290Yeah nice feminine logic there
>>520979562Turn off your caps lock and tell us what you do for work, how much savings you have, and what's your credit score.
>>520967395>>520965974someone explain to me, why did he post thatis there an other explanation, than that he's retarded?
>>520975134the kind of people that would support that cant build anything themselves. Building a house costs a lot of money an requires skill. So yeah, maybe they would get a house in the first generation, then every generation after them would live in caves and the houses would be left in ruins, becuase houses don't grow on trees
>>520967100>$599 a month for 30 years allows you to own a luxurious Toyota Camry now and put the money you would have spent on buses and cabs toward a car your family will eventually own
>>520980056>>$599 a month for 30 years allows you to own a luxurious Toyota CamryPost pics of your car with timestamp.
I'm willing to bet that everyone who doesn't realize this is a hebrew scam thinks that the loan is for almost twice as many years sot he payments should be almost halved.They're not. Your monthly minimum payment will go down by less than $100.
>>520979879He's old and retarded.
>>520980191>20 pbtid migapede meltdownIncredible.
>>520980369because they're genuinely stupid and cannot do the math themselves...or even minimally read what others who did have said i seriously do not understand how anyone can defend trump after this spit in the face. its egregious
>>520979433>Seems unlikelyWhy? Boomers that bought their houses with 5 to 10 year mortgages think 30 year mortgages are crazy, but those are now common and accepted.
>>520965974>what is an amortization schedule?>what is budgeting your payment to include increased principal?>muh "hurr durr fitty years!"Get good faggots
>>520965974Watching magats defend this is hilarious. They are not even human.
>>520967604Fucking magat moron. lol. That act is indefensible. You are trash.
>>520967100>being a debt slave even longer is a good thing here's whyYou are a cartoonish example of why the jews tyrannize us, why the United States has absolutely no hope whatsoever, and the limited number of non-retards hope to just wait for things to disintegrate (not due to any popular resistance, but simply because of jewish pride/miscalculation.)
>>520965974Jew-core posting.
>>520979879>>520980459Jews.
>>520977259>>520979714yeah because you are fucking retardedI am so glad you will die soon, praise fucking Satan thats driving kids to destroy everythingreally, I love the prospect of your impending doom, open a history book, you are fucked beyond believe and all that blood is going to our angel the Holy Lucifer
Nothing wrong with this.If you have extra cash and can play the stock market lottery and win, then having longer mortgage can be very beneficial.
>>520981091>Why? Boomers that bought their houses with 5 to 10 year mortgages think 30 year mortgages5 year mortgages haven't been a thing in this country since before the Great Depression. Tell us the one about how boomers were all paid in gold sovereigns and earned $400 an hour.>>520981414>>520981465>>520981534Do any of you niggers even have a job?
I am not a right winger or a left winger btw, I just support and inflame what moves us forward to the great sacrifice I pray this time we break the 1 billion cealing
>>520967100>finally pay house>gov deems it unfit for habitation because it already rotted Lol lmao
>>520981837>5 year mortgages haven't been a thing in this country since before the Great Depression.My frame of reference is the UK market where people bought houses in the 70's on six year mortgages. My parents bought their house cash in the 80's. My point is that making borrowing increasingly available will inevitably cause property prices to increase if all other things (e.g. home building, population) are equal. 50 year mortgages will result in house prices going up. Also the point remains that standard mortgage terms have continued to get longer and longer and been normalised each time and there's no reason for this not to continue.
>>520982136Nick rochfort has talked about this reality while very few have it’s a really big problem in the future because it’s the majority of houses in the United States now
>>520965974Trump is bad, but Roosevelt was a special kind of bad.
>>520966342
>>520982136There are homes built in the 90s that are visibly sagging already. We are creating financial instruments with longer lifespans than the physical goods associated with them. We are completely fucked as a society. Usury above all else.
>>520982995Lel
>>520975291>Clueless moron telling people to google shit he's wrong about Pottery
>>52096597430 years is bad too. It should be 15-20 at most.
>>520982605>if all other things (e.g. home building, population) are equalConsidering there's a finite amount of space in the red areas of the map (where everybody seems to want to live), apart from making less people somehow, what do you suggest we use as a rationing device to determine who gets to live where? Realistically the only way you go back to 1950s home prices is to have a 1940's style meat-grinder war that culls a large portion of the population.
>>520967100>Yes daddy! Put me further into debt Slavery!No wonder Israel loves MAGA so much.
>>520983276>what do you suggest we use as a rationing device to determine who gets to live where?I suggest we use the same one we already do now - who can pay the most. By extending mortgage terms from 30 years to 50 that amount will go up considerably, increase property prices and make interest payments a larger proportion of the cost of a home purchase. This is a negative thing for almost everyone other than banks and existing homeowners that plan to downsize in the future.
>>520965974
>>520967395>mort-gage is french for:death-pledge
>>520985441It's not even $500 less. If it was, it might actually be semi viable.Your real savings are about $70 a month in exchange for an extra 20 years of payments. A $350k house ends up costing you $1M if you start off with a $70k down payment.
>>520983657>who can pay the most.And as long as people want to live beyond their means, or can leverage better returns there will be some demand for longer term debt.>considerably, increase property pricesNot so much at current interest rates. The difference in monthly payment for the extra 20 years comes to only about 10% difference in your monthly payments. I can't imagine many people trying to buy some 100,000 ranch house in bumblefuck nowhere over 50 years vs 30 to save $60 a month. So who precisely do you think will be using this? My guess is people who are either leveraging to their advantage (buying very expensive properties in prestige markets) or people living nigger-rich (also buying very expensive properties in prestige markets).
>>520965974Even after it's paid off, you still have to pay annual taxes, you never really own it and 30 years down the line they are probably higher than the principal and interest were originally
>>520965974>life long student loan>50year home loan >10year car loan>5year Amazon loan>1year door dash loanbecoming the banks golem, to the extreme
>>520985955>I hate grapes!
>>520965974What does the average person think the effects will be from 50 year mortgages?
>>520982136>>520982995True I don't understand how it works especially in the US. Very long mortgages could at least technically make sense in France or Italy or the Netherlands where many people buy centuries old buildings in good maintenance and even recent ones are made to last. Looks like this is just about making the goyim rent Mexican-grade cardboard houses but depriving them of the ease of moving of regular lodgers by tying them with credit.
>>520967100the 30 year home lone was set at 30 years because that was the expected remaining working years of a couple buying their first home.you work and pay it off as you go and by the time you are somewhere between 50 and sixty your home is paid and you could retire.with a 50 year mortgage you'll be working into your 70ies if not your 80ies. literal wage slavery until the day you die
>>520986081>Lower cost payment per monthIt's funny you think, that the nigger cattle thinks.
>>520965974Without financing the average house price would be $30k and the average vehicle would be about $2,500. College tuition would be $750 a year. An apartment would cost $300/mo.
>>520986025>>life long student loan>>50year home loan >>10year car loan>>5year Amazon loan>>1year door dash loanWhat is "How to live beyond your means?"
>>520978290That's exactly why they let Trump get elected
>>520986194you expect anything else?
>>520967100In china, they do away with this whole "ownership" charade and you just rent for land taxes.
>Not enough houses... I have the solution, enslave the citizens!
>>520967100Stop. You’re making us look bad.
>>520986462Who is enslaving you?
>>520986194it would still be a shit idea over hereyou are taking on a loan that you won't repay until you are in the retirement home
What's the point. You'll only own your home when you are 70 anyway. Then you either sell it to spend all the money or pass it to your kids if you have any. The first thing they do is sell the home and spend it on drugs and sex.
>>520986513Nobody, I'm not taking out a 50 year mortgage, get fucked kike
>>520965974Just gas the jews
>>520980191Insurance should give people money back if they install a bumper sticker that states how much of the car the bank owns.
>>520986544Obviously it isn't good anywhere, but the scam is all the more blatant when US buildings will be torn down by the time you finish repaying. Imagine being an old man paying imaginary rent for a house that's already been demolished.
>>520969949>>520976794A conventional mortgage will have a fixed rate for the life of the loan, which is usually 15, 20, or 30 years. Most people opt for 30 years. There is almost never an early payment penalty, so you can pay toward principle, which will lower your overall debt. This will reduce the number of payments you have to make, but the minimum monthly payment never decreases. So by paying toward principle, you can reduce your 30 year mortgage to, say, a 25 year mortgage. You save the interest that you would have paid for those 5 years, which isn't a whole lot because it's at the end of the payment schedule. If you have a low enough interest rate (like me), paying early is dumb. If you have a 7% rate, paying early is better.
>>520986677>I'm not taking out a 50 year mortgageNo shit. You don't even have a fucking job.
>>520983276>apart from making less people somehowHey retard, this is already the trend when you subtract for mass immigration. Breeding levels are WAY below replacement rate in the USA
>>520985955I've been in my house for 8 years and my property taxes are already more than my principle and interest. My principle amount just crossed above my interest amount, but escrow is outpacing them.
Lmao how many post by id that retard migger has already?
>>520985848>there will be some demand for longer term debt.Again, obviously. >So who precisely do you think will be using this?Almost everyone will, anon. It'll become normalised, prices will increase and 50 years will become the standard mortgage term, just like 30 did.
>>520978290It's a uniparty, retard. You've wasted your life arguing performative politics on behalf of people that hate you. You'll elect a democrat, the debt will rise and Israel will get everything it wants because both candidates from both "parties" were preselected by jews because they both fucked children on camera. "Voting harder" isn't going to fix this.
>>520965974I have wondered how a senile with a god complex behaves thank you Americans.
>>520981414>Watching magats defend this is hilarious. They are not even human.Most of them are jeets, the GOP doesn't even hire Americans to shill for it anymore.
>>520965974There is something messed up in our economy where a lifetime of labour is only equal to a shitty house made out of osb board,Like I don’t understand, the amount of value output for a full time working man throughout his life is at least 50x that
>>520987715>prices will increase and 50 years will become the standard mortgage termAgain, a 10% difference in monthly payments isn't going to dramatically shock the housing market. People who will use this are either fuckwits already living beyond their means, or people who invest and are leveraging to min-max their returns. This impacts the losers crying in these threads absolutely not at all.
>>520982605>>520983276The answer that nobody wants is to just not let the loans go any longer than 6 years. That way, when the houses start to get too expensive to buy like that, they'll go unbought. Developers will go out of business and there'll be much despair, but the pain will instigate change to make the 6 year mortgage possible again.Problem is, that's to the sole benefit of the least powerful party to the transaction, the buyer. Everyone else would rather the buyer just be a debt slave for longer, and they have all the power to decide things.
>>520988366>the amount of value output for a full time working man throughout his life is at least 50x thatIt literally isn't though, the Brazilians that frame hundreds of houses are providing much more tangible value than corporate drones doing useless busywork
>>520988366>a lifetime of labour is only equal to a shitty house made out of osb board,What sort of labor do you do? >the amount of value output fHow much value do you output?I suspect if you had ever built a house you'd understand the ratio of doordash deliveries to a home a little better.
>>520988643>People who will use this are either fuckwits already living beyond their meansSo 50% of the country.
>>520988846I highly recommend clicking on this guy's ID, he's spent the entire thread quizzing everyone on their personal details, fishing for ad hom material.
>>520988839>just not let the loans go any longer than 6 yearsWhat do you do for work and how much do you feel you could pay off in 6 years?>That way, when the houses start to get too expensive to buySo property management companies are just going to run out of money to just buy them outright and rent them out?>Developers will go out of businessAnd less houses being built will certainly help matters.Hard to believe you're not a homeowner, anon. You seem really smart.
>>520989184>he's spent the entire thread quizzing everyone on their personal detailsAnd I've determined that the reason you faggots aren't home owners is because none of you seems to have a fucking job, savings, or credit.
>>520988839>Food is too expensive>Let's kill the farmers
>>520989184Either a pajeet or one of the israelis in /ptg/
>>520989402moron
>>520989831>tl:drSo what do you do for work?>>520989827Do you have a job? Savings? Credit?
>>520966342Stop lying. I'm recruiting again.It is not like I don't have everyone and their mother under a rock working for just my. And it's not like it takes anything more than one internets to catch all of the planet's sataniztz of course. You can leave it all to me. In command and control.
