Anyone who opposes this is retarded.You know you can always pay a 50 year mortgage back early right? You know there’s nothing stopping you from paying it back whenever you can? It’s just that it gives you the option to extend payments
>>520993610Good Goyim debt slaves
>>520993610>Oy vey
>>520993610When japan introduced the 100 year mortgage real estate crashed with no survivors and still hasnt recovered
>>520993737Yes, just let the government deny you from a 50 year mortgage, let them deny your human rights Let’s just reward the Oligarch Aristocrats who own houses with no debt,
i'd rather walk around picking up dog shit and eat it for my entire life than be a slave to a fucking jew society
>>520993770Cart before the horse fallacy.They introduced it because real estate was crashing, it didn’t crash because of the mortgage.Also, we want real estate prices to go down anyway so I don’t see how this is an argument
>>520993745Hot>>520993610I honestly have no opinion on the matter. It will help a lot of people but also raise prices. But I think getting 20 year olds into homes will increase white birth rates so fuck it let’s get this shit going
>>520993610Yeah I was going to go with a 15 year but my mortgage broker and accountant said to go with 30 because if the option to refinance under 4% ever comes back it's practically a free loan. Also the interest is tax deductible.
>>520993610>>520993899>>520993826>pay interest until you die goyim or you are stupidjew
>>520993610I’m just going to let my kids take it over now lmao
>>520993826Meme flaggot parasite
>...
>>520993610Here in Canada you are limited to how much you can pay back depending on the type of mortgage. Anon you should learn the meaning behind open and closed loans.
>>520993610>>520985553Exactly >>520985666Synagogue of Satan detected. Listen here Jewboy McFedderson>$300,000 house at 6% interest for 50 years>equals>$1,200,000>>520986354Dumb bitch>>520986941Boomer landlord detected>>520986977Holy fuck you're beyond retarded with how you're trying to justify this. 50 year loans aren't cheaper in the short term - the monthly PAYMENT is cheaper, not the fucking loan. 50 year loans are more expensive from the get go because that's how amortization works. Even if you pay it like a 30 year every single month for 30 years, you will pay extra, because NO 50 year loan is going to get the same interest rate as a 30 year loan, and because more interest is loaded across more months on a 50 year amortization schedule. You're also putting lower income people at risk of more predatory lending practices such as prepayment penalties, which I assure you will be the common practice for the handful of banks that bait people with "same as 30 year rate" financing. Fucking die.
>>520994003>things nobody ever saidYou can always pay the mortgage off early stupid
>>520994140You need to learn economics
>>520994143You can pay the mortgage back earlier if you want fucking retard
>>520994143God you’re so fucking stupid
>>520993745nice story
>>520994259Prepayment penalties, nigger.>>520994309You don't even know what an amortization schedule is, NIGGER.
>>520994420You don’t know what time value of money is stupid.If you could, the ideal would be an infinite mortgage. Any dollar saved in principle repayment could be invested at a much higher return than the mortgage
>>520994170>i didn't say that but if i did you just didn't understand it because i can change whatever i said without notice and i said it COULD be good not that it was good and anyway i win this argument because i am god's chosen (schizophrenic) and this argument was promised to me 3000 years ago!
>>520994564Let me simplify it for you retard.If you take o it a 50 year or a 100 year mortgage… and you’re able to pay it off in 10 years. You can do that
>>520994493Eternal bulltard>dude just gamble, line go up
>>520993610It’s putting a bandaid on the problem. The problem is housing supply and demand. Lengthening loans just lowers monthly payments by a little but it makes the overall price of housing more expensive in both property value and how much you pay in interest over the length of the loan. It’s barely a short term fix.
>>520994213Could you point to where I'm wrong? You think if you took out a 500k mortgage the bank would let you in a years time pay off the entirety of it?
>>520994989If somehow a $500k cash bonus was dropped on your lap you could retire the loan right away yeah. You think lottery winners can’t just instantly repay their mortgage?
>>520994620Here in Canada closed mortgages are the norm. This comes at a lower interest rate but you are limited to how much extra you can put towards it a year. I'm not sure what its like in the usa.
>>520995147The person who sold you the mortgage would then need to do more work in order to find out how better to use the dollars that just fell in their lap. Are you under the assumption that ALL loans are open loans?
>>520994620>Let me simplify it for you retard.>this jewish scam isn't really a scam because if you make enough money to not need the scam to secure shelter then you can get out of the scam faster and don't listen to people saying that you will be penalized for getting out of the scam faster because you totally won't and it also isn't a scam because trust meyou jews think you're brilliant but you're actually fucking retarded
>>520995151I live in Canada.I am not eligible for a mortgage yet but when I am I plan to get that.Real mortgage rates in Canada are like 2%… it’s dumb to repay it off
>>520995333Ya following the other anons own logic. It would make less sense to pay off the entirety of the mortgage early if they think they can ise their own dollars to generate a larger percent of return.
>>520993610It just seems like a scam to keep home prices and property taxes high
>>520993610Because if you dont oppose it, the average dollar value of houses will increase, as people are willing to pay for longer and longer.
Let me just pull 800,000 dollars out of my ass for you
>>520993610Piss off, kike
>>520993610MAGA truly cannot stop sucking Jew cock.
>>520993610>It's just 20 extra years of interest payments tacked on, goy>What's the big deal?!Burning down the homes of jews is always a moral good
>>520995850This
>>520993610Fuck off kike. Plenty of people will fall for it, you win, good job. You don't need to try and convince the 0.01% of the population that won't.
>>520993935>But I think getting 20 year olds into homesIf a 20 year old signs himself into lifelong debt slavery while not even being able to buy beer, he is clinically retarded. And retards are infertile due to their chromosomal issues. A small part of me really thinks that not even americans can be THAT dumb, but I have been disappointed too often.
>>520997330Oh, plenty are.
If there’s anything I know, it’s that people often responsibly pay back their mortgages as expeditiously as possible, especially in modern times where the cost of living is so cheap, healthcare is easily accessible, and real wages have absolutely skyrocketed. If any one of you even thinks about suggesting that this is a scheme to garner more interest from the public, you will have hell to pay from me!
>>520993610Interest is pre-calculated. You can rush to pay it off, but they're going to get their pound of flesh out of you. The 50 year mortgage is going to serve to increase housing prices massively because people think like you that it is just an extension and not the new normal.
>>520993899Post nose, jew, then address.
>>520997735>The 50 year mortgage is going to serve to increase housing prices massively because people think like you that it is just an extension and not the new normal.On the upside, its also the very last resort to kick the can down the road yet again instead of reofrming the Ponzi scheme.Once housing prices have inflated again to the poitn where even 50 year motgages become unaffordable, their powder is shot. Intergenerational mortgages are a funny meme, but won't fly IRL because it would be too big of a shift psychologically, making people aware of the fact that they will really never own the home they live in takes away the carrot on a stick completely. And yeah, they are missing every exit on yet reofrming and saving the system, so its going to go down in flames entirely once housing has becom eocmpletely unaffordable.
>>520993899Real estate is crashing right now, in America. This 50 year mortgage is a desperate stopgap from goodest goy Trump
>>520993899checked>>520994003>>520998109>>520998170>literal kvetching
>>520998979>if you don't like usury you're jewish!lmao
>>520998115>nah dude, then there will be companies formed to buy the property and rent them out as "affordable homes" for the next 100 years, and they will raise the prices of all homes until those corporations needed to be bailed out, and we are back to the USSR.
>>520999319>then there will be companies formed to buy the property and rent them out as "affordable homes"Offering actual affordable rents would lower the properties value. Main reason why (((investors))) prefer to leaving proerties empty is that the charged rent majorly impacts the value estimation, so even now it is better to charge insane moon prices and leave it empty than charge rent that is actually affordable.Never going to happen. LINE MUST GO UP (until it can't, because somsone has to pay for it always)
>>520995333how about you take your brown family and you fuck off back to India?
