!TRADE OFFER!I received: Further increased home equityYou receive: 50 year mortgage @ 11% APR
>fat retarded zionist greedy scammer is a fat retarded greedy scammerGot what you voted for, retards
i understand that housing is a major source of revenue and they need to pay the debt but this is such a deranged fucking thing to say lmao
>>527962299So you're unemployed, unemployable, have no savings a double digit credit rating and it's Trump's fault you're not a home owner?
>>527962299Zion Donnie is a filthy kike puppet who raped kids. No wonder he wants to further destroy what's left of America's prosperity on behalf of his judeo-corporate overlords.
>>527962299If you could secure a 50 year mortgage at 11% and pass it on to the next generation, why wouldn't you? My houses make more than that in equity per year plus rental income. Would you rather complain about paying rent and think you should own the home after you pay enough? I have no idea why banks lend money at 4-6%. They could just buy gold. It's like you enjoy being dumb and poor. If they offer a 100 year mortgage, take it. Unfortunately you would blockbust and destroy neighborhoods.
Kikes rape kids
After the midterms were going to start getting a million immigrants per month. Housing is much cheaper now than it will ever be. Normal houses will cost millions of dollars like in Canada and Australia.
>>527964503Holy cope. Fuck off you obvious kike damage control shill.
>>527964503Maybe he shouldn't be sucking Jew dick and do something about it.
>>527964961This is a poverty mentality. Post hand holding cigarettes.
>>527964655Because if they bought gold, prices of houses would drop severely and their ability to speculate on pricing is hampered while not enslaving people for 5-50 years in a contract. The banks act as a labour enforcement tool within the economy alongside the central bank.
>>527964961>>527964887So what do you lads do for work? How much savings do you have? How is your credit score? Do you believe it's the president's job to provide you with a home? If so cite which power the president has that is meant to do that for you.
>>527964655>If you could secure a 50 year mortgage at 11% and pass it on to the next generation, why wouldn't you?Because most people will never make any headway into the principal before they die. They will pay interest on loans forever, straight to the bank. This is efficient for the banks and the rentier class but obviously a terrible deal for everyone else. >I have no idea why banks lend money at 4-6%. They could just buy gold.This is a good point, and why we need to regulate the banks. At the end of the day, sound economic logic is rarely prosocial. It's a question of first principles: does society exist for the benefit of the whole or the few? Economics benefits the few over the many (as has been conclusively proven by inequality) and it follows that what we face is not an economic question in an economic silo but rather whether economics should be the law of the land. Are we a society which is a vehicle for an economic engine or do we put the economic engine to work FOR SOCIETY?
>>527962299The only trump voter who is happy is a fox news watching boomer man. Everybody else hates his guts now.It will only get worse from now. He is going to jail and is own former voters will celebrate it.Foreign traitor.
>>527965446>Do you believe it's the president's job to provide you with a home?It's the President's job, very broadly, to provide for the improvement of Americans' lives. It is to ensure conditions such that as few Americans as possible live in poverty, as many Americans as possible have opportunities to own homes (and become "fuck you" secure against powerful interests) and that none starve or die of preventable disease. I can see why you want to frame it in such puerile terms, but the "gotcha" you're trying to spring here (maybe: "heh but where in the Constitution does it say that >:)" or something similar) is not a gotcha at all -- it's an entry into a discussion you probably aren't prepared for. We are in an era where precedent means less than it ever has before. DJT has created that and you voted for it. Don't act surprised when these appeals to the constitution bend before the executive privilege you have yourself cheered on. You might not like it as much when the shoe is on the other foot.
>>527964784>Housing is much cheaper now than it will ever beIt could easily be much cheaper. If we, for example, subsidized the creation of single family starter homes in high demand areas (alongside promoting cheaper construction methods to desensitize overly-traditional attitudes towards housing) and intelligently reduced red tape... we would very easily see housing values reduce significantly alongside the creation of jobs -- good, blue-collar, skilled trades... just like conservatives claim to want. Then, when values dip, we forgive for existing homeowners IF it is their only home AND they reside in it. If you are highly leveraged on homes, too bad. You took the risk and that risk didn't pay off. You'll be alright. We raise taxes on the ultra-wealthy to pay for it. That this hasn't happened is because we have CHOSEN this. It's not "the market optimizing for efficiency" -- it is a captured market being directed by capital for its own goals and ends at our expense.
>>527966306>we forgive for existing homeownersWe forgive the differential, rather. Yes, those with paid-off properties will take a hit as well. If you have a paid-off property you are totally fine through all of this. You'll even pay less in property taxes. If you fully own your home, you may lose a couple hundred-thousand on paper. This is fine because you already have many hundreds of thousands of dollars in equity. You'll lose it on paper but you'll be alright.
>>527965549>The only trump voter who is happy is a fox news watching boomer manCNN posted a poll recently which suggested that within the republican party, Trump has only gotten more popular. His partisan voters -- the company man, the team player -- are stoked because, well... they have decided to be stoked. It's a can of worms and inevitably becomes psychological, but that's what it distills down into, IMO: they have made the decision to support the man and are ensconced within an identitarian social movement. There is no other output from that system because its mechanisms are literally detached from reality; it is a consensus-driven system rather than a real one. But he's hemorrhaged independents, and independents are a growing demographic.
apparently japan has 50 yr mortgagesI wonder whether mortgages have been a net detriment to the prolesSeems that way
