How is “here, enjoy this 50 year mortgage”different from“you will own nothing and you will like it”https://x.com/RepThomasMassie/status/1987537420263338275
It's only 50 years. With a bit of luck your kids can pay your funeral costs from your real estate asset
You can really tell who has never owned a house before by their reaction to this.Most people don't pay off the entire mortgage before selling, you fucking retard
>>520996667So he has to sell to pay for the funeral and then start the 50 years over again ?
>...
>>520996740>Most people don't pay off the entire mortgage before selling, you fucking retardWhy not a 100 year mortgage then
50 year mortgages are.for places like california, denver and other liberal shitholes.In the majority of the country people pay off their mortgage in 15-20 years
>>520996559Isn't this making a huge case for pods / micro apartments?Like... Would you rather pay $1 million dollars in PURE INTEREST on a loan for a house... Or would you rather just live in a cuckshed and live free and clear? If those are the dystopian options available I'm choosing cuckshed
>>520996667>>520996559The point is that you can leave your children with someone. If you taught them values and raised them right then they might continue the trend so that your line never falls on hard times. Ideally, anyway. In the "you will own nothing" world, you will never be able to improve the lot of your child or your wife after you pass.
another banger from adolf massie
>>520997114>The point is that you can leave your children with somethingDamn it, too much ruckus going on in the background.
>>520996559Massie never misses.
>>520996667>It's only 50 years.And instead of paying for it twice on a 30 year, you get to pay 4x the cost! Huzzah!
>>520997060If it's a shithole, why is housing demand to live there so high?
>>520997227What country are you in ?
>>520997010they have those100 year leases are also commonpoor people really dont have a clue at all, do they?like.. they've never even talked to a property owner or overheard a conversation or anything
Most people will never pay it off and the house they "bought" will remain bank property. The thing is the situation is right and proper fucked and no one has the balls to take the drastic measures it requires to even begin to fix it. They want to kinda fix it, they want to look as if they're fixing it while maintaining the status quo.
So Trump came to supposedly fight the globalists. Now he’s all in on wars all over the place. About to bail out the multiple bubbles to save the top few perfect. And screw the bottom. Involved in scumbag companies like Palantir who are openly talking about getting used to have less rights and being constantly surveilled. And ushering in the start of whole life debt slavery for the masses who never own shit and become serfs paying for a tiny few users who live like lords of old. No?
Can't you pay it down early? I got rid of mine in just 5 years. Getting the loan in the first place was difficult however.
>>520997010They have those in Japan actually.
>>520997227I think it's amazing that the stereotype of the jew wringing his hands is so ubiquitous throughout history.
>>520997630Most people won't/can't.
>>520996559I dunno, Tom, why did you co-sign on both of them?
>>520997010If someone told you you'd have your rent frozen for 50 years you'd be jumping up and down with joy, no? Think of it that way.
>>520997630Why do you think they need 50 year loans to begin with?This is because they are about to embark on the largest money printing (coin clipping) exercise the world has ever seen. Which just means people’s purchasing power is going to be devastated. Maybe 50%. Which will drive the super wealthy to hard assets and the poor to become only capable of renting their existence from them. Sad!Words can’t describe what a let down Donald turned out to be.
>>520997630You can rush it, but interest payments are pre-calculated and you'll pay for at least a portion of it no matter how fast you go. What this also does it allow for prices to skyrocket even more.
>>520997865Imagine being stuck in one place for 50 years.Do you realize how quickly the economy of a place can change in just 10 years nevermind 50.Nobody is going to be able to pay it off ever.
>>520997865This extra 20 years adds another 500-900k in interest payments to banks. For a house worth about 500k now. Why are you such a fucking boot licking shill.
>>520996559speaks to how paralyzed by asset holders and financial parasitism the country has become that these retards are desperately trying even more outlandish financial schemes instead of just building more fucking housing because it would lower the prices of homes - which would benefit young people but hurt asset holders
Trump saying you should be happy with slavery. Fuck this guy really.
>>520996559>Own nothing and like itHahahaha, we will own nothing and not like it
>>520998666This will concentrate wealth AND POWER even further than it is. Instead of 3% owning 80%. It’s will be less than one owning almost everything. It’s dystopian. And the 50 will become 70 and on and on. Until you are serfs. All to protect them. And not see a return to sound money and a fair distinction of wealth and power. The men who wrote the bill of rights would vomit.
>>520998666Oh and by the way. There will be property taxes on top of it all. Even if you own it.
>>520996559>1pbtid meme flag >paying rent and paying a mortgage is the same thing. You own nothing both ways!Go kys
>>520998030>moving TO the city in 2025If you have the opportunity to move these days and you're not choosing a house outside the city, then it's your own damn fault if the economy changes. >b-b-my drive to work It's an extra 15 minutes you baby.
>>520999999>>521000000
>>520996559My parents bought a house in their mid twenties. It was an 8% interest rate…. on a 24k house. Buying a home back then is like buying a car today. Buying a home today is impossible for most people. Sure, it’s not an 8% interest rate, maybe 3.5% or so, but that $17k house still stands today and is valued at $220,000.
Banks are literally just modern nobility. "Nobility" is just a made up idea that says some people magically have special rights that others don't. Being a bank - having a bank charter - literally just being given the right to print money. Banks DO NOT lend you money they physically or digitally have, they are printing the money from nothing when they lend. Then, you have to pay interest on it or the government seizes your house and gives it to the bank. That's literally all it its. Anything policy that entails loans or legitimizes banks in anyway is just another way of saying "the nobles need to own more of everything"Interview with the economist who discovered that banks print money from nothing:https://www.youtube.com/watch?v=StTKHskg5Tg [Embed]More from the guy who discovered banks print money from nothing:https://banklies.org/His paper in which he proves banks print money from nothing:https://www.sciencedirect.com/science/article/pii/S1057521914001070
>>520998030... So sell it and move somewhere else? Or rent it and move somewhere else? Jesus Christ, that other anon was right, you poors really have no fucking clue about anything do you? This 50 year mortgage discussion has been a goddamn black pill like no other
>>520996667Well no they won’t be able to do that… the typical American pays about $600,000 in interest in a $500,000 mortgage over 30 years. The 50 year version jacks up the total interest over time to about $1,200,000.Basically this makes you a forever renter. If the American dream is to be a modern day serf, this is how you make it come true.
>>521000084we are over a century into this terminal rot, first enacted by >The Federal Reserve Act of 1913
>>520996740No but this will more than double the interest over time. It’s a recipe for making you poorer, and it would dramatically increase the penalty for breaking or transferring the mortgage.
>>520997865Yes but in this scenario you’ll either never pay it off, or you’ll pay nearly twice the interest over time. Essentially you’re giving up the right to ever be mortgage free to rich assholes who will be taking a sizeable portion of your life savings over what you’re paying now, while limiting your future opportunities.
>>520997114>100 year mortgages incoming in 10 years as inflation acceleratesWhat's your next cope going to be faggot?>>520999683Hope nothing happens in that 50 years where you miss a few payments. It would really suck to lose 40 years of equity from sudden health problems in your 70s.
Why do you fags even care about "owning" a house anyway? It's cheaper to rent, you aren't bound to one place, and every problem is the landlord's. If you saved up enough for a 20% down payment in today's market you'd be better off just renting and investing the difference.500k houses are literally just a boomer trick to try and get you to give them shittons of money for their depreciating asset. It's a waste of your time and money.
>>521000155>do this, do that, larp like you have roots between movingMight as well just buy land with a well and disappear if you can. Are people supposed to move again every time niggers move in?
>>520996559Who cares about the term? It only makes the payments more affordable. You can still sell your house and keep the equity any time you want. I bought my house with a 30 year mortgage for $140k and now the house is worth $330k and it's only been 5 years. I can sell it, pay off the loan and keep $180k or so. you can make double payments per month too, and specify that the second payment is to go towards the principal. Who the fuck keeps kvetching about 50 year mortgages? Bankers in other countries? Imagine a 50-year fixed rate mortgage. By the end of it you'll be paying the equivalent of a can of coke every month while renttards will be paying $50,000,000 per month
>>520996849Fuckin stupid. Don't read this shit.
>>520996559Get this hateful racist OUT!President Trump just offered the best deal young hard working Americans will get to become prosperous homeowners who can afford a family and a nice life, and this fat hill billy is attacking Trump? Fuck Off!Always votes "No" and now he is directly saying no to Trump? Get this fraud out of here to live up on his farm.
>>520997489>most people will never pay it offYeah it's called refinancing, which is a great way to access equity in the house because taking a loan is a non-taxable event. So if you have $100k left on the mortgage and the house is worth $300k, you'd be retarded to not refi at $300k. You get immediate access to $200k to spend on whatever you want, like renovations that make the house worth $450k, or put it in the S&P or bitcoin.
>>520996559soon you will eat zee bugs thanks to Trumpthe NWO was always a right wing projection of what they planned to do
>>520997917If you get a 50 year loan and your payments are fixed at say, $1500 per month, then why would you give a rats ass if money becomes worthless? you would earn a yield for holding the mortgage.
>>521002285It's all so jewish I can hardly believe it.
>>520998500This is what I would do if I was president. I would have HUD go through every townships zoning ordinances and compare it to demographic pressure and force them to increase density if the town has a lot of protected lands. The sprawl is retarded too. Most people coming into the US prefer condos, townhouses and apartments to single family homes because it reminds them of the slums they escaped but boomers won't let builders go up
>>521002444nice digits, big-nose tribe member
>>521002569Oh stop it.
>>521002285Refinancing is borrowing a new loan with new terms to pay off the existing loan.You are describing a HELOC or second mortgage.
>>520996559It's you will own nothing but you won't notice. Paying interest forever has always been normal. Pass your debt to your kids.
>>521002797I'm saying to refinance with all new terms (50 years) and you would get the 200k in equity just like you would from a HELOC
>>521002739no, it really is. What youre describing is most likely illegal in most European countries or at least not practiced or common knowledge.your so kiked
>>520996667A bit ironic that a swiss says that because you have similar constructs of mortage payments
>>520996740That's only in a bull market.If the house declines in value, how do you sell to pay it off without screwing yourself?
People have not yet discovered the best way to frame this. 100 years of work for husband and wife.
>>521003402>People have not yet discovered the best way to frame this.if we frame you will eat the bugs and own nothing better people will be ok with it
>>520999778GETs
