Name a single thing wrong with 50 year mortgages
>>534187037Fat landlords for one..
>>534187037landlords suffer
>>534187037Jews. They're assholes
>>534187037Keep drinking the koolaid
You'll be able to pay for your funeral.
>>534187037the banks don't get their money back from the original debtorssweden has like 100 years mortgages and they are fine with them never paying back
>make on time payments>lose job>lose mortgage streak and get foreclosed on>50 year mortgages have made everything else infinitely more expensive, so you have to restart with a 100 year one to pass down to your children if you had anyit makes the situation worse.
>>534187037They aren't inheritable
>>534187037you will die before you pay it back with maybe 3 payments left and then the jews take back your house they loaned you
>>534187037They aren't multi-generational.
compound interest is a blasphemous abomination whose act must be criminalized with most severe penalties
>>534187037Lets poor people into nice neighborhoods
>>534187037Interest rates on a 50 year mortgage will be the same as a 30 year mortgage.
>>534187037It's rent with extra steps.
>>534187357but the increased demand due to access to finance will help raise property values
>>534187037The purpose of taking a mortgage is to eventually own a house.While your house is under the mortgage, you do not own your home; the bank can ransom "your" house back to you for the full outstanding balance of your loan under the threat of foreclose at their own discretion.if you had a man who's 35 years and his only avenue to home ownership was to take a 50 year mortgage on a house, he literally would not live long enough to become a land owner.
>>534187037It results in higher home prices, which isn't good for people who want to buy a home.
>>534187657Couldn't pay me enough.
>>534187037Nothing. In fact, there's nothing wrong with any mortgage, no matter how long the term is. Why? Because there's absolutely nothing stopping you from paying it back faster. I had a 30 year mortgage on my house and paid it back in 10 years. It's not that fucking hard. Anyone who needs the full 30 years (or 50 years now) to pay back their mortgage is a financial retard.
>>534187037I'm retired from CA and househunting in Fly Over and I'm planning on a Zero or near 0 down deal, just because I'd want to "walk away" if something turns out really unlivable, without having ALL my money locked into a un-re-sell-able shit-shack.I've know a few guys that "lost house" due to foreclosure and able to buy another, on credit, when their job improved OR....bought one pretty much via GF or family as front-person.PS-'eviction' is the worst thing to have on your record, not "foreclosure" or "bad credit".Since mortgages are low interest, you can probably "make money on your money" if NOT tried up in "your house" but with maxxed out mortgage you still have "full control" and no one can raise your rent (except Govt tax) but YOU can always "walk away" and hide in Thailand or Greece or WTF.Does my logic stack up?My biggest prob is none of these shitty RE Agents that claim to be "local experts, I know all about all the houses for sale" wont provide good even pics, only "when can YOU come 'tour' these home?"After I see some decent pics and pics of any PROBLEMS.
>>534187037Name a single thing wrong with three year mortgages and allodial title?
>>534187037ENOUGH WITH THE LEVERAGE
>>534188241How long ago was this?
>>534188241The problem is most people who need 50 year mortgages are going to be retards.
>burger house made to last 30-40 years before the cardboard and wood stick rot and everything collapses>if you start in your 30s you have to work until your 80s to finish paying it
>>534187037most people are vaxxed and only have 10 yrs left, if their lucky
>>534187352IMAGINE BEING POOR LMAO
>>534187037What's the monthly payment? What's the total paid after term? If its $400/month for a brand new 3 bed 2 bath on a 1/4 acre in the suburbs then you got a deal.
>>534192435>400 a month Nigger what?
>>534187499No, with rent your landlord has certain responsibilities. It's just slavery.
You end up paying, what, like +150% over the house’s price? $1m for a $400k house. Absurd.Inb4 but it’s a bad deal, so people won’t take it upIf It is available as an option, people will accept it out of short-term convenience.
>>534192496Exactly. If you can't provide that then I dont want it.Average person is making less than $30/hr.That's $1,200/week. $63,000/yr.I need to be able to afford more than just food, gas, utilities. I need to be able to accumulate an actual savings.Currently my bills are.. $1,000/month for a 1 bed. $250/month electricity, $500/month grocery, $200/month gas, $80/month phone, $250/month insurance, $100/month water, $300/month car, $350/month insurance.. after all expenses I get to keep maybe $200-$300. Forget going out and actually living. Not like I have the energy to anyways.
>>534187037Compound interest
>>534187368Yea time horizon.
>>534187037>mortgagesjews
>>534187037Artificially increases demand on the underlying asset, increasing it's price and destroying the (supposed) reason that it needs to exist in the first place.This isn't even controversial, it's the main motivation. We called for more mortgages because houses weren't going up enough.
>>534187037 How many marriages last at least 50 years?Where do you think we live? Million year stability land? >Someone dies. >Gubberment swoops in to wrangle another fifty year contract that ties you to the land. I don't even want to start thinking about how people have been using dual citizenship loopholes. Fix dual citizenship then maybe. Also, I don't want to look into anchor babies rn.
>>534187037Interest, insurance and taxes.In a free society a homestead should cost no more than 20k today.
>lol
>>534192434You live in Poorland nigga
>>534187800You’ll never be on the winning team.
>>534187037OP is right, why stop at 50? We should have 60 year loans.
>>534192837>gas>car>insurance?
>>534187037Because when people talk about home ownership and affordability nobody mentions having to pay the house's original price 10 times over
Mean age is 44
>>534187250This is also known as renting
>>534187800Isnt the strategy to get the longer mortgage so you get lower intrests rates and then overpay so that you finish early?
>>534187037Im 30Chances are good that if I got a 50yr mortgage now that I would never, ever pay off my home
>>534187037It will increase the demand immediately by adding millions of poorfags which will cause housing to skyrocket due to low supply which will then cause housing to inflate massively in price again until it reaches the point poorfags can't afford a house again and normalfags will be paying 3X what they were before.It will be a repeat of the Florida sub-prime mortgage fiasco on a much larger scale.
>>534187037They doing something called defrauding.
A wise Chinese man once said, "if can't buy house build shed"
>>534187352no its the loans itself that are bad, you shouldnt loan money, you should work for it firstinb4 muh economyno the economy is already fast enough and it only causes damages from dumb spending fake money from people that dont deserve it
