How the fuck is this even legal?
>>535338205Housing prices have to keep going up so Trump's corporate masters will remain sated. https://finance.yahoo.com/news/trump-wants-drive-us-house-103900744.html
>>535338205>6,75% rateI thought Americans' financial situation was good? I thought I was suffering with a 3,54% rate.
>>535338205Because America is a land of cucked, buckbroken cattle who will put up with absolutely anything so long as they have internet pornography and enough slop to eat
>>535338205>howCOLLAPSE
>>535338205Common core education and boomers thinking about the short term in what's little of their lives.
>>5353385406.75 is an excellent rate, the issue here is the 3% down
>>535338205Because the average American is a fucking idiot including the white ones. The more I look at this country the more I think we deserve exactly what we get.
>>535338740>6.75 is an excellent rateYeah for a 30 year mortgage
>>535338740We have no mandatory down payment here, but 3% on the national average of 500k wouldn't be that crazy desu.
>>535338205>how is this legalUsurers who make the laws. Good system, isn’t it.
>>535338205Welcome to usury
>>535338205>3% downMy bank is wanting me to put down 25% the fucking Irish cunts.
>>535338205how aren't loans to buy a home considered literal serfdom???I kept thinking about it today, in the past people where stuck on some lords land for their entire life and I could not get whybut then I realized people get in debt for their entire adult life in the service of the bankhow is this any different??
>>535338205The law doesn't apply to Jews. Even when they rape kids they get to fly back to Israel.
>>535338205abrahamism and its consequences have been a disaster for the human raceI feel so fucking lucky right now
>>535338540Imagine being such a subhuman that you use a comma instead of a decimal.You and pajeets have something in common.
>>535338205there are no 400k homes around here
>>535338205I live homeless and live everywhere i go so lmao home owners are the NEW homeless
>>535338205>total interest: three fucking times the purchase amountfucking lmaoa tremendous unspoken point that's never addressed because everyone's retarded: under that amortization schedule, you will not start accruing equity until maybe 25 years into the loan, which is fucking crazy in post-2000's america where the corporation that you're a slave to can either dispose of you via layoffs or tell you to move across the country at a moment's noticeSelling that home would undoubtedly basically bankrupt you Let's also address the fact that for such a loan to even break even, your home would not only need to 4x in value over 50 years but also keep up with 50 years of 3% average inflation (best case scenario) which it undoubtedly wouldn'tthis is scam shit that's basically on the level of 72 month 25.6%APR Dodge Charger nigger loans
>>535338205Do people not realize how interest works? Are they honestly cool with getting 400k from the bank but having to replay them a cool million on top for 50 years? The rest of their life? Isn't renting preferable in that situation?
>>535338740>6.75 is an excellent rate, the issue here is the 3% downyou understand that you are a slave yes
>>535338205>How the fuck is this even legal?Jews.Did you know that in the 60s the Australian government had a system where a White Australian man could buy a house with a $5 deposit? That wasn't a typo, $5 down ($100 in todays money). They weren't jewed with high interest rates either, the loan was with the government.Jews destroyed that too. They want White countries to turn into plantations of rentoid slaves where jewish bankers and landlords get rich from zero labor of their own.Here's what Australian housing used to be during the White Australia policy, $8,000 houses ($160,000 in today's money) with govt-backed low-interest loans with just $5 money down ($100 in today's money) in all-White neighborhoods with decent amount of land to go with it.>The 1950s and 1960s dream>At the end of the 1950s, the median house price was around $7,000–$8,000 at a time when average earnings were around $2,000 per year. At the interest rates of the time (of around 5 per cent), such an income would support a loan of more than $9,000.>A significant contribution to the expansion of home ownership came from houses built under the Commonwealth State Housing Agreement of the time – in other words, from social investment. These houses were on-sold on the basis of a 5 pound ($10) deposit and funded through mortgage finance provided by a highly regulated mortgage finance industry or by direct government lending.Research Report No. 10Australian Housing and Urban Research Institute>https://www.ahuri.edu.au/sites/default/files/migration/documents/NRV3_Research_Paper_10.pdfCompare to today, you're paying $1,000,000+ for a cuckshack in a neighborhood filled with jews, niggers, lebos, pajeets and chinks.Why oh why don't we just KILL THE JEWS AND STOP THE MADNESS? Take back our White ethnostates
>>535338903>how is this any different??it's notthe USA teeters its entire existence on the very thin thread of "make sure they goyim own ABSOLUTELY NOTHING, while convincing them that they do, and if they don't that it's because of their own laziness or stupidity"Living in the US is indentured servitude with extra steps.
>>535339027remember those indian reservation payday loan ads from a decade ago everyone here was lambasting?now those are home loans
>>535338903>how is this any different??you dont get to even see the lord of the land now
>>535339079nice redpill
heh
>lol
>>535338205>50 year mortgage, rate doesn't go downWtf?
>>535338205why not a 500 year mortgage and just enslave you and your family for the rest of their lives
>>535339046Thats the point. Banks want you to own nothing.
>>535338205Why not a 150 year mortgage? The 3-generation mortgage.Your grandpa took out a mortgage at birth that you will pay off until you die at 100yo.
50 year would be almost 300 bps higher.
>>535338205Because complaining about it is communism or something.
>>535338205For the first 5 years of that mortgage only approximately $5k of the principal is paid off, for $125k handed to the juden.Mob loan shark tier kikery.
"no" is antisemetic.just kill the jew softly with rejection.don't believe otherwise.don't have schizophrenia.
>>535339046>Do people not realize how interest works? unironically no. I would hazard a guess to say that 70% of americans think that a 5% interest 30-year mortgage on a $1M home means that you pay $50k in interest. Most of this is intentionally hidden from american kids and you have to look it up on your own at some point to even become aware that it's more like $900k interest, lol >Are they honestly cool with getting 400k from the bank but having to replay them a cool million on top for 50 years? The rest of their life? Isn't renting preferable in that situation?Unironically yes. For an american stickframe house, over 50 years you'll probably be putting in close to $150k in repairs and maintenance on top of the $900k in interestBasically you would need to eventually sell that $400k home for close to $3M to break even on that mortgage,
>>535339046senpai, this is why the chinese plebes dont eat beefalso why college debt was inflated to house sized levelstrade that house debt for college debtthen prices homes out of the reach of the plebes
>>535338740https://fred.stlouisfed.org/series/DGS30Maybe... maybe...
houses are usually torn down and rebuilt in 50 years.
>>535338205Kikes run the government, they choose what is lega.Let the goyim deal with the real world.
>>535338984Who the fuck cares. You’re just inventing non issues to get butthurt about because you’re low IQ.
>>535338205 Just thinking about the new avenues of affordability this opens up. With 50 years to pay you can afford so much more home. The payments are just so manageable with all the hustle and bustle of city living. Watch the market explode upwards, even if home prices double again (they will) it'll just be so easy to make the financiers ends meet.
Maybe if there's a subsidized 1 per household 2% interest rate.
>>535339384The mortgage is more or less built so that a relatively high number of people will default or sell in the first ten years which makes it a ridiculously profitable thing to do, since they're insured.If you default at 10 years, the bank basically gets $200k in free moneythis shit performs better than any other investment vehicle at 10y, that's a fucking 50% yield
>>535338205>How the fuck is this even legal?jews and usury
>>535338740lmao
>>535338984Anon, I...
This is fucking retarded. They are intentionally driving birth rates down and killing the country.I know this comment won't make a difference, and I will see all the same midwit takes tomorrow. But I wish I could make the midwits understand that the high home prices are forced, by government power, and not a free market. And they are doing that because they are vile, because boomers hate the younger generation (maybe just not their own children directly), want to retire with a lot of money, and they don't care about killing an entire ethnicity of people by destroying birth rates.If you blame le ebil capitalism for high home prices, you have serious cognitive limitations. If your response to high home prices is to be a commie and demand handouts, you have been brainwashed into thinking you can't afford it yourself, because they're sabotaging you, since you actually just need a free market as it'd be much cheaper.Is an entire civilization that's dying due to selfishness from boomers even worth saving? I'm not sure. Maybe it's for the better that it's over.I know one thing, it's not about immigration. Because what's really the difference between immigrants moving in now vs waiting until white people are gone.
>>535338903because jews took over, first via the finance industry, and then the everything elseand when you write the laws, anything can be legal
>>535338205lmao. kikes. That's how. Think it's bad in the US? Look at the housing situation in Canada. Near Vancouver, you can make 100k a year, and it's still nowhere enough to own a home. Cheapest home within 20km of Vancouver is 900k.
>>535338903Over the course of 300 years you can become a lord. Only difference.
>>535338205> totally not a broken predatory banking system
>>535338909>abrahamismthere's a whole part in the bible where they talk about why charging interest is not allowed with your own people and the poor.next time just say JEWS FAGGOT
>>535338205>>535339541basically the only way to fix a majority of markets is to eliminate debt and loanseliminate mortgages and limit homes to one per citizen and you fix the housing market overnighteliminate school loans and you fix education overnighteliminate car loans and get rid of the NHSTA safety and CAFE standards and you fix the car market overnightliterally all loans do is inflate prices when they're issued for tangible goods. The only thing loans are even vaguely appropriate for is seed money for a corporation to cover startup and implementation costs.
>>535339395You accidentally identified the correct issue which is poorly constructed houses on zero lot line goyplots with oversized sqft expectations over robust building standards. It works in to the insolvent and farcical insurance scam industry as well1500 sqft on .5-1acre using high quality construction materials and localized utilities should be the norm.never going to happen
>>535339557for sure, but with 50 year loans it becomes ridiculous. Even by year 20 on OP example the bank has received nearly $500k in interest and the home only has $60k equity in it, for what is likely an appreciating asset. it's literal money printing.
>>535339649>muh kikesits literally boomers, pay fucking attention and think. if you just blame the kikes for everything you just lose all credibility even when something is actually the kikes
>>535338903because no one is forcing you to take the loan, you are becoming a serf voluntarily
>>535339610>boomers hate the younger generation (maybe just not their own children directly), want to retire with a lot of money, and they don't care about killing an entire ethnicity of people by destroying birth ratesI don't understand why you think this is a controversial takeI'm watching my in-laws do it to my wife in real timeAt a certain point I can only be so angry with the jews because they'd be powerless without their sycophantic self-centered greedy footsoldiers
>>535339712
>>535338205money are just jewtokens. you have to work anyway so have at least a house
>>535339712I said abrahamism, I meant abrahamismif God's not going to come clear up which of the 3 religions infighting over different versions of him is the "right" one then he must enjoy it, right
>>535338540Were. When Obama was in office.Trump added 10T and counting to the debt, and keeps causing unforced geopolitical crises, and behaves like a tinpot dictator in how businesses that bribe him and are connected to his cronies get preferential treatment. He's turning the US into an univestable shithole.
>>535338825Not even. Got a 2.5% on mine but then again biden was president at the time
>>535339844thats what i said retardits not allowed.BUT JEWS KEEP DOING IT
>>535339712jew worshipers are the only reason those kike rats haven't yet been exterminated
>>535338205Literal, generational slavery. Their kids will be born into serfdom.
>>535338772some of you don't, some of you are OK, most are retards and do deserve everything that's coming and more.
>>535339124That’s a global phenomenon
>>535339817Well, its not really controversial to dislike boomers, its mainstream actually.But my take is that home prices would be lower with a free market, but we can't have a free market due to boomers being vile. This is something leftists disagree with because I don't blame muh capitalism, and many conservatives also disagree with because cvckservatives would see me complaining about home prices as being a leftist, since they're very dumb.Most people also don't like blaming boomers, because their parents are boomers, and also boomers are just a generation of our own people, and they prefer external enemies. But it is what it is.
>>535339941major jew worship only started after ww2, before then Christians didnt care about jews since they don't believe in christ.its insanely bizarre that the shift happened
>>535338205I am the only person in my circle of friends and co-workers without a bank loan. No one in my immediate family has loans or mortgages thanks to me dissuading them. Sometimes I feel like part of a tiny minority while everyone else in the country is drowning in loans. I own 2 homes fully without any mortgages, loans and not even credit cards. It's interesting that I get about a dozen phone calls and viber messages form banks and financial institutions per month, mostly offering me loans, but some about investments as well.I'm never taking a loan unless I am dying and need money for the cure/surgery and n other way to pay for it. Fuck paying interest so Mr. Noseberg can renovate his yacht.
>3% down>6%>50yrsLol lmao Let the goyim deal in the real world
>>535338205> start working at 15> retire at 65 with your mortgage paid off
>>535339046Jesus specifically detests and prohibits interest specifically because the average person is too naive-natured to understand just how fucking vile and kiked usury actually is. This is not the fault of the average person who needs to be shepherded- jewish money magic is so disgusting its almost not of this earth.
>>535339726I think you mean eliminate the jews
>>535339726Agreed for the most part. Loans are not good for society. And ZIRP fucked it all up by printing infinite money zero interest loans. We don't live in a free market.Faggie Mae already subsidizes up to 10 mortgages, the problem is that 10 limit. Bring it down to one, or 2 for a couple. Same with students loans. More guaranteed loans. Even the car issue is getting fixed with stricter lenders.
>>535339814Holy shit bro, you're right. You know what, enough complaining! I'll actually put in the work! I'll get a bit of land and make a home in it!Oh wait, I don't have a hundred licenses and permits for it! So armed men would come and tear it down! Because we don't live in real capitalism so I can't do what I want in my property! So is the 50 year loan for 400k really a choice?
>>535338540That's decent, I'm on 4.8%Burgers get ripped off for everything as usual
>>535339649>all of the problems in society come from jews schizophrenically inventing nonsense power-levels like 7 year olds.Fascinating desu.
>>535338740How is that excellent? It’s disastrous. And how is 3% a problem? Why are Americans hardwired to oppose saving up and to live paycheck to paycheck?
>>535338205>DebtmaxxingBased
>>535338205If you took out a 30 year mortgage for $400k at 6.75% your monthly payment would be $2594.39.If you took out a 50 year mortgage for $400k at 6.75% your monthly payment would be $2330.50. The interest rate would actually have to be higher, so at 7.25% the payment would be $2483.58.You would save about $100 a month to spend another 20 years paying interest to the Jew.
>>535338205For a mere $1.35 million you too could have a $0.35 million home.
So make the spreadsheet of what happens if you have $400k invested now in the s&p and make your mortgage payments out of that account for 50 years. Yeah, I’ll take that deal. This is how the rich get richer.
>>535338420They are already trying to block Americans from getting passports so they don't leave
>>535338205There is actually nothing wrong with fifty year mortgages. I don't think it's unreasonable to say that property values double every 10 years. By that math, the property will be worth 32x more in fifty years. But you "only" pay back about 3x of the property's value. Even if you include the time value of money, you're still beating the system. People complaining about 50 year mortgages don't understand economics or interest rates.
>>535338772>the handicapped and retarded deserve to be taken advantage ofWell one thing for certain that Jewish mindset has been ingrained in you
You shouldn't be buying houses. You should be buying land.
>>535340093>Because we don't live in real capitalism so I can't do what I want in my property!I can. Get a better country.
>>535338205Plus property taxes and home insurance and you're looking at about tree fiddy per month just to sleep and shower for the rest of your life. Oh utilities, maintenence etc not included... you're probably looking at 5k per month.
>>535338903you had more freedom back then and tax collectors would often disappear into the woods
>>535339712>>535339850abrahamism is fake and gaygnostic christianity is the only biblical faith that has any semblance of rationalityBoth islam and judaism are downstream of kabballah because they use the material promises of the demiurge to further entrench your soul in the false worldJesus' actual teachings resemble almost solely tibetan buddhism and taoism. Any interpretation that suggests that Jesus was telling people to worship jews or construct some kind of tribulationist sanctuary to rule the world, or sit around and wait for jesus to give you a chevy camaro 1000 years from now is just flat out wrong and retarded. >>535339994>muh capitalismeveryone, right and left has a fundamental misunderstanding of capitalismcapitalism is just the recognizance that capital is a motive force of economics. It's diametric but not in disagreement with marxism, which is the recognizance that labor is the motive force of economics.I agree with you. What most people ascribe to capitalism is either corporatism or cartel/monopolistic behavior, which is something the austrian economists basically compared to a cancer that needed to be eliminated wherever it sprung up. >>535340070in so many words
>>535339817The only reason Israel exists is because boomers in the US worship them and donate all their money to Israel instead of their own children. The level of selfishness is so high that they would destroy the world to ensure they went to heaven.
>>535338205$2000 is literally nothing
>>535339027If you can get a rate that isn't trash (6.75% AND 3% down is awful, this guy has no money or credit), a 50-year mortgage isn't a bad idea at all UNLESS you are only paying the minimum. If you have direct-to-principal overpayment policy, you can pay off a 50-year mortgage much faster than a 30.The question is why the fuck is the rate so high and why did he only put down 3%. Neither one is good. That's a worst-case scenario loan.Just 6% interest and 10% down brings the monthly to $1895. Apply the additional $365 direct-to-principal (more if you can, overpaying by a thousand would make a huge difference, but just to make the point) would shave off 19 years' worth of repayment alone.If you instead paid, say, $2,500/month, you would pay it off in 21 years. In the same scenario, in a 30-year mortgage, you'd pay it off a year more slowly. There are breakpoints where a longer amortization makes more sense. It gives you more flexibility when times get tight, too. It's only bad if you use it like a retard and actually only pay the minimum payment. It's not going to unlock housing for anyone who can't already afford it, unfortunately, but it can definitely help give people another option if they need it.You just have to look at the options available and figure out how to do the math. Never assume you're going to pay minimums all the time or you get fuuuuucked.
>>535339608All I see is a bunch of white countries using the comma.
>>535338205I wonder how our times will be looked at in the history books
>>535339844calvinism isnt Christianity
>>535338205Anon, usury is a good thing, you know that, right?
>>535340132People can't afford it. At this point people are getting mortgages because unlike rent, it won't keep rising with a landlord kicking you out.They don't really want to "own" the home in order to be wealthy and be proud that younger people are struggling when they're 50, that's a boomer thing. People just want a stable payment and to know they'll be able to live there for the foreseeable future, and to be able to have kids. These pieces of shit are literally killing an entire civilization.I know birth rates would still be low, but they may be salvageable if people who want kids could afford to do so and weren't actively sabotaged and robbed.
>>535340211And when you die the bank swoops up the profit because you won't be able to afford children AND a mortgage. The bank always wins, Jack.
>>535339726>The only thing loans are even vaguely appropriate for is seed money for a corporationYeah, and extracting a nation's wealth.
>>535338205Jews control central banks.And if no central banks in your country, the US will attack you.
>>535338540I'm at 7%Bought in 2024, paying it off in JulyFeels good bros
>>535339608That map is very wrong. No one apart from subhuman races uses dots as a thousand separator. Everyone who's anyone uses a space.
>>535340164I am living in a trailer with 60k in debt, technically disabled from the military from over working. I did 4 years with an honorable discharge and and no promotions. I am going to school for a career that won't even exist possibly by the time I am finished.
>>535340201>taxed every year on how “developed” it is>build a house on it>whoa you increased the value of the land we need more in taxes from youYou think you own the land? Ever heard of imminent domain?
>>535339079Reading stuff like this is so painfulGovernments used to be run for the people
>>535340208You are right. People should leave. I have plans to leave soon unless I start making so much money that it's worth it despite the government robbery.It's a hard choice, though. Someone's country is his home and his life. And that's what they abuse.
>>535340248>(6.75% AND 3% down is awful, this guy has no money or creditOkay, apparently 6.75% isn't far off on the standard for 50-year mortgages actually.
I'm not going to bother buying a house, I'm not going to jump through these jewish hoops and twist myself into a pretzel for something that will become a mill stone around my neck later in life.
>>535340248>It's not going to unlock housing for anyone who can't already afford itsure it is, that's the entire pointthis is just Subprime Crisis 2.0I'd expect something equally gay to come along at the same time this is implemented like 1% down special mortgages or some kind of stimulus checkThe entire point of it is to qualify a class of purchaser that currently wouldn't qualify for a mortgage while also increasing their spending powerwhich at the end of the day, is just a method to pump the housing market one last time to pay off the boomers before they shake everyone down
>>535338205Can a mutt 'house' even last 50 years?
>>535338205The same retards who don’t understand interest with their student loans would say yes to this as well. We need to gas the kikes.
>>535338740>6.75 is an excellent rate
>>535340385Fair.
Communist Revolution will occur when red and blue align to remove the bloated bureaucrats and their corporate nepo baby race traitors. there is no alternative. the payments on a 50 year mortgage would be like 95% interest in the early years. fuck that rofl
>>535340188Trump's big beautiful wall was never about keeping immigrants out.
>>535340269Industrialization followed by immediate absolute retardation.Technology evolved too fast. The nuclear family should have at least existed for a 1000 years. And then we get AI.
>>535340031there are papal bulls protecting jews going back nearly a millenniaholocaustianity is an outgrowth from jew worshipers welcoming in the rats in the late 19th and early 20th centuries. your genitals are mutilated as a result
>>535338205I own 13 properties. I rent out 9 of them. This would kill my job. Not a fan or 50 year loans
>>535338205Japan has 100-year mortgage terms. I can't wait for multi-generational loans.
>>535339814>no one is forcing you to pick the cotton Jamal>You will simply be whipped until you voluntarily pick itAND IM PROUD TO BE AN AMERICAN! WHERE AT LEAST I KNOW IM FREE!!!
All usuy must be banned.Home prices will plummet and instantly become affordable if 5-year terms were the longest permitted.
>>535340371>imminentlol...
>>535339079i hate boomers so much
>>535338205the economy is going to completely collapse in 5-10 years. the banks will now own 75% of everything.
>>535340446wait til u find out most of these $250,000 houses are $30,000 two week flip jobs.
>>535338205because we've allowed banks to loan money they don't have like retardsgotta make money with interest
>>535339726>nhsta safetymidwit take, more steel in the right places and less toddler-crushing features are a net benefit>CAFE standardsmore like CARB being so batshit insane in its requirements it forces engine designers to make unreliable heath-robinson contraptions where there used to be a sensible motor
I fucking give up. I just fucking give up. People are so fucking stupid. 74% of Americans want a mortgage they will NEVER pay off. I cannot take this stupid shit. I worked in a factory for 6 years sleeping 5 hours a night and living with my parents so I could save up almost 100k for a house.All that is available for less than 350k are a bunch of trailers.I would be fine with this if they didn't all come with a FUCKING 458 DOLLAR A MONTH HOA FEE.I AM NOT PAYING RENT FOR THE HOME I OWN.If these trailers or manufactured modular homes were more common, at least people could have a roof over their heads.I cannot afford a 2260 mortgage.I cannot even afford a 1500 mortgage.I was making 25 dollars an hour. That's the average wage.I MAKE AVERAGE WAGE AND I CANNOT EVEN AFFORD TO BE TRAILER TRASH.Fuck this shit. Fuck interest, and fuck home ownership. I am just going to NEET it up now. There is NO point in working in 2026 America. White women aren't loyal, there is no point in starting a family with them. I will enjoy my asian gf and never have any kids and not work either. Just enjoy my savings then an hero.
>>535340446i can only imagine the amount of mold and horrific disease in british homes and their sewage systems what a hellhole island. no wonder u people love hawaii its another trap house lmfao
>>535338205>interestDeath to all usury.
>>535340385There is no where to move to. Lmao. Maybe Cyprus
>>535340070based
>>535340653thisI'm sticking to my prediction that the only reason BlackRock would buy up so much housing is that they plan to flood the market at some point to transition to cashImagine all of the boomers get paid out on their homes at like $1.1mil and then BlackRock dumps their 23% stake in single-family homes on the market, instantly vaporizing home prices and putting 40% of people with mortgages totally underwaterThen imagine the government passes a law that if you're delinquent on debt, you have to serve in the militarythat would be weird.
>>535340442>I'd expect something equally gay to come along at the same time this is implemented like 1% down special mortgages or some kind of stimulus check>The entire point of it is to qualify a class of purchaser that currently wouldn't qualify for a mortgage while also increasing their spending power>which at the end of the day, is just a method to pump the housing market one last time to pay off the boomers before they shake everyone downMaybe. Just wait until they do balloon payment loans. They did those during the Obama years to "save main street." Wound up refinancing a huge chunk of boomer property (and also why you see so few of the ones who moved pre-2008 moving again; they're stuck with big chunks of equity locked behind balloon payments).>We'll shave off $150k and just tack that on to the end of this 50year mortgage, okay Jaquandrarius?
>...
>>535340717>Just enjoy my savings then an hero.Don't kill yourself. Hold on to the hope that the greatest slaughter ever seen in human history will begin before your time is over.
>>535338205Generational mortgages are next up lmao >100 year mortgages are good for the economy your children will thank you for leaving this debt on them
>>535340746Islam was correct that usury should be punished violently.
>>535339994>muh free marketLiterally doesnt exist and never will. All economies are predicated on contract law. As such over time as wealth pools in fewer hands those with the most power and resources can always dictate the most favorable contract terms for themselves. Laws outside of individual contracts are still contracts that the larger society has agreed to enforce against YOU the grubby peasant with no power.The idea of a "free market" is how boomers and richfags trick gullible idiots into deregulating things that work in their favor.But you'll notice they NEVER deregulate anything that would hurt their bottom line!
>>535340717How do HOAs work anywaySurely you have the right to do with your property whatever you please, subject to obvious things like "it must have a house-like object on the land" and "mustn't cause legal nuisance to immediate neighbours" - and you get sued if you don't comply with this obvious constraintWhy do you have to pay a fee, what's Karen gonna do?
>>535338205>$1,356,352.83 total paidUsury should be a capital crime.
>>535340709>more steel in the right places and less toddler-crushing features are a net benefithave you seen or driven a modern car? they're shitty fragile unibody abominations and their main safety features are AI vision cameras and annoying driver attention shitthose standards, along with the import bans, are the reason I cannot drive a cheap $8k kei car
>>535338903because instead of a person and face they have to report to, they get a letter. Makes it impersonal and obfuscates the reality of the world.
Wow only 1 million in interest, so permanent bloodline slavery and eviction really cool.
>>535340717> sleeping 5 hours a nightEnjoy the epigenetic damage and the future chronic illnesses and the early death
>>535338205I have a somewhat relevant story... I was out in Nebraska at my parents running a Wendy's and recuperating from my Floridian pillhead girlfriend's asskicking and my step father told be apropos of nothing, that if I ever get a mortgage to pay the 300 or 400 hundred extra dollars a month for a 15 year mortgage. Find a way make the sacrifice. When my fiancee and I were closing on a house in 2019, the bank offered 2 loans, a 15 year and a 30. The 15 was 1760 a month and the 30 was 1375. So just for shits and grins I multiplied the payments against the total months in the loan and there was hundreds of thousands of dollars difference in the cost. If we just paid 400 more dollars a month, and took the shorter mortgage. Now, today, because these democratic fuckers in NY can't keep their hands out of other peoples pockets and bank accounts the cost of the additional taxes drove the mortgage up over 2K and the 30 year would now be about 1650 a month. A hundred dollars less than the 15 year, but instead of having 7 years left on my mortgage I would have 23. And I would be paying almost what the 15 year mortgage was at the beginning for the 30 year anyway. They tried to fucks us totally. For hundreds of thousands of dollars. They leave the choice up to you. The mortgage broker was NOT happy we chose the 15 so I KNEW it was the right choice.
>>535340248it's not the point that you can use financial products to your advantage. the point is these are marketed not to those who are intelligently investing their money, they are marketed to idiots who don't understand.>>535340442 has it, this is just going to be 2008 all over again. leeches extracting maximum $ out of the poor, and it's fully legal.
>>535340782South America. If you have a degree from an european uni and have money, let alone a remote job, you can have a good life in south america.Also Asia.The place to move depends on someone's strengths and weaknesses. If you can work remotely, a dirt poor cheap place. For some jobs, someone who's a loser in Europe can make a lot of money in China, due to the industry there. Or if you have capital, you could go to a developing country and make investments, like an apartment building. A wagie with nothing could go and work at some oil station and make a lot of money, vs living like shit here. Etc
>>535339921>Not even. Got a 2.5% on mine but then again biden was president at the timebullshit
>>535340446That looks like actual cardboard, what the fuck?
>>535339970Not in Russia. 98 percent of Russians own their homes and cannot be evicted by anyone, not even the government. They can't even be evicted if they're completely bankrupt.
>>535339497>inferior brownoid detected
>>535340349That's really quick. Good on you. I'll probably take 10-20 years on it. The mortgage is for 30 years.>>535340094Rates will hike this quarter. My rate is fixed for 1+2 years, meaning it's fixed for the first year and the remaining 2 I can decide wether to keep it or wait. I have no fucking idea what to do desu. Shit's too unstable.
>>535341009Dont be so pessimistic. This is the last one. Just prepare because it wont be comfy.
>>535338205They're hoping you keel over and die before you pay off the mortgage so they can take their assets back. Extremely jewish.
>>535340899Deregulation is literally free market. What you described is still literally free market, as long as they don't have government power.Wealth pools in fewer hands only as long as their investments are useful to others, btw.Anyway, I mentioned the free market, because my point is that they are actively doing this in purpose by robbing young people. This is not a case of "oh, look what the corps are doing! government should step in!", NO, the government stepped in, to force high prices. Which makes this situation really sad. That's the thing.
>>535338205cuz wipepo are genetically driven to mud huts, but only through the generousity of big daddy gibsmedat begging bowl socialism do they live in real houses
>>535338205And people say there is nothing wrong with usury.It's interesting people see nothing wrong that in order to buy a place to live you are to go into debt slavery first. On top of that the home you are buying is usually built with multiple code violations yet it is priced as if it is a well constructed house. How does this not throw up red flags?
>>535338205What happens if the wagies dies before it pays off the house?
>>535341236>Anyway, I mentioned the free market, because my point is that they are actively doing this in purpose by robbing young peoplePeople either fail to, or willingly refuse to understand that inflation is a tax on timeBoomers do not have time left, therefore they are unaffected by the tax
>>535341080>That looks like actual cardboardBecause it is.
>>535340051>get shot
>>535340886Surprised how islam bans what christianity has forgotten. I havent even seen catholics supporting anti usury.
>>535338548>Yankee Doodle went to town>Riding on a pony
>>535340319I bought my house at 29 years old. Before that, I lived in 45m2 with the girlfriend for 6 years, waging. Before that, the shitheaps called student housing. I have my first kid now at 32. We both worked quite savagely and saved diligently. We were lucky enough my girlfriends parents hit some money, so she could get €100k from them. We also borrowed from them instead of the bank, but at the market rate. We now have a net worth of about €400k I think, mostly because of saving and not being stuff minded. It wasn’t easy working 60 hours for some many years, but I still feel quite privileged and not sabotaged by previous generations. My own parents are a bit retarded though.
>>535341023>investing in real estateHave we really learned nothing goyim? I could move to several European countries right now just based on (((investment))) but I’m not tying up my equity to boomer real estate assets. Only country I’m thinking of is Cyprus because it has no capital gains. Japan has the NISA and Canada has the TFSA. Georgia has 1% tax. Paraguay has easy entry.All the other countries have toughened up their entry requirements. Digital nomad visas are starting to require around 4000 euro a month salary
>>535341270>in order to buy a place to live you are to go into debt slavery first.You don't though. You can pay cash.
>>535338205>How the fuck is this even legal?Jews.
>>535341561Where do you live when acquiring the cash?
>>535338205You can always pay it off faster or refinance to a lower term + rate as your income grows. The 50 year option only lowers the barrier to entry. Anyone complaining about it is a retard.
>>535341023Housing is also inflated. Just buy what you need. Forget investing for a while. And if shit goes down are you gonna collect all that rent?
>>535338740I bought a house with a 30 year mortgage at a 3% rate in 2019. Youre either trolling or sick in the head. Or jewish.
>>535340371>imminent domain?If you knew how to spell this you might discover that there are people that know why the second amendment exists. Doesn't get much publicity. There is a reason powers that be settled on don't let people own it to start with
>>535341535Congrats but two things, first, it still objectively lowers the birth rate to create obstacles to having children, even if it can still be done, second, you had to work extra due to them robbing you, because the government both charges you very high taxes and forces very high home prices.You do not feel sabotaged by previous generations because you see the direct help from your gfs parents, and do not see what could've been if homes were cheaper and you got a higher % of the money your employer pays for your work.
>>535340188Sorry LIBERAL, but ICE will enforce the law XDYou LOST, discord tranny!!!!!!
>>535341561You make it sound so easy though. If you are going to buy a house for lets say $400k with cash then you have to get permission from your bank to pull that amount out plus other hoops just to get the money to pay for the house. With all that aside all you are doing is dodging the topic at hand. No one should have to go into deep debt just to afford a place to live. Usury should be banned.
>>535338205Kinda happened already. Back in the 40s the average mortgage length was more like 20 years. The 30 year length became more popular as housing prices increased.It is 100% true that buyers will pay more in interest if they pay over a longer term, which is what /pol/ (rightly) focuses on, but buyers are payment-focused. Can they fit the payment into their monthly budget? If the answer is no, they can't get the mortgage. A 50-year mortgage is therefore appealing since it gets the payments down.>But you'll never pay it off or ever really own the building!Sure, but Americans have already given up on that part. They know they'll be paying to "own" forever. So what's lost except the fig leaf? The problem is the prices. If home prices were lower or wages higher or both, nobody would need a 50 year mortgage. But because those things won't budge, this must.
>>535341537>>535341710good point it was just an example anyway
>>535338540well you're not an american so you wouldnt understand... >freedom isnt freewe can thank the zogbots for their service
>>535341684Just make it the old fashioned way.
>>535338205We're getting a million immigrants per month again next year. 6 adults contributing to household expenses can easily afford double this amount. The only obstacle is the green card and the down payment but luckily there are many Jewish charity organizations set up to assist with helping apply for grants for this.
>>5353387406.75 would be an excellent rate to be paid yesif I had some dropkick paying me 6.75% of 500k I could seriously consider retiring
>>535340576I voted for this.The law is the law.ICE ICE BABY
>>535341827>you have to get permission from your bankNo. You don't. You call Holli and have her send a wire.
>>53533820550yr mortgage = rent
>>535338740>6.75 is a good rateLMFAOOOOOOOOOOOOOOOOOOOO
>>535341648What I hate the most about usury is that it's that it attacks a person's honor and integrity by forcing them to pay back a rising service cost of getting the loan. And then jews will go "it's to compensate for the rising inflation of the loan" when that makes no damn sense, especially when you make the loan out of thin air. No wonder jews got kicked out of countries so many times.>hey, goy, I'll loan you ten gold, if you pay me back twelve. By the way, it'll be thirteen next week and twenty in a month.Fuck you.
>>535341789The NL is one of the worst countries in inflating housing prices for a number of reasons, so I get it. Just staking out the trajectory. It’s still worth it anons. Despair is empty, and you have the power to overcome the hurdles. Best of luck to all.
>>535341684Girls invite you to stay over at their place
>>535341868You do realize that higher rates means lower asset prices right? You buy when rates are high then refinance
>be slave for jewish bankers for the rest of your life
>>535338205Debt (US dollar) is the currency for slavesSilver is the money of merchantsGold is the money of kings
>>535338540What do you need to get a mortgage loan?
>>535341827>Usury should be banned.Absolutely.
>>535338205Housing prices will just go up to match peoples spendable income. Is everyone retarded?
>>535341736This. My rate is 2.25%.
>>535340842My time is already over.My sex drive has plummeted. I have to take viagra to get a boner because of years of prone masturbation (that I finally quit thank god)Can't even cum from regular sex. Takes 45 minutes to cum from my hand.I still have motivation to do hobbies but I am not young anymore. Crazy that I still have half my life left to live.I am too old to fight. I keep trying to rejuvenate my body with exercise and other such things but it's not enough.Maybe I can find a way to rejuvenate my penile nerves so I can at least make my pee-pee feel good while the rest of life passes me by.I've done a lot of things too, it's not like I sit inside all day.
Window is closing. The only major economic city in the English speaking world where it is still possible to purchase a home within commuting distance for under a million dollars in an area that isn't ruined by diversity or suburban dystopia is NYC
>>535341981yeah I have dividend yielding shares that pay me close to 20% (because I bought them years ago, real rate is like 5%) lemme just sell those to buy your bag grampshope you enjoy shitting yourself to death on that cruise ship
>>535342059>Is everyone retarded?Pretty much.
>>535341998Because the average price here surpassed 500k euro. You're not gonna finagle your way into claiming the average American has this money lying around. Most of you mutts rent.
>>535338205play jewish games win jewish prizes
>>535340984Is there any way to fix it?I sleep 8 hours a night now. Because I'm a NEET. I cannot stand full-time wagecucking. I always knew I wouldn't be able to do it.I looked online for how to fix it and it all boiled down to "lol you'll be fine just sleep more lol"If you have any links or sources or info on this sort of thing I would appreciate it. At least I can come to terms with what I did to myself.>>535340904It's lot rent. You own a mobile home, but you don't own the 8,000 sq ft of land it sits on. So you have to pay an HOA fee that they can jack up at ANY time. JUST like renting. It is renting. It is rentoid bullshit. You will NEVER own that. And the home itself depreciates.Owning land is the only true freedom. Even if it's a tiny little parcel. I don't give a shit. If I ever hear "muh minimum lot size" or something from some kike zoning board that pretends to give a fuck about MUH HOUSING CRISIS I'll flip my shit. Fuck them, and fuck Elon Musk pretending to give a fuck about white families not being born, while not doing a thing to bring back Sears Homes to give them at least a fucking basic box to raise a family in.
>>535342001>>535342124>Is everyone retarded?>Pretty much.while using ai. yikes
>>535342059Houses are cheap. The problem is people think they are middle class when they are not. Middle class is a man making 5x as much as an undocumented migrant labor picking strawberries in a field. He can afford a house.A working couple where both make 2x as much as an undocumented migrant labor picking strawberries in a field aren't middle class. They are poor and that is why everything is so unaffordable.
>>535342001Banning usury would fix ALL of our problems. I keep trying to push this everywhere.
>>535340242$2261 every month for 50 years is literally $1243000.We can't possibly hate you poojews enough.
Most of the people who take out 50 year mortgages will never actually own their home before they die. They’re just signing up to rent from a bank for rent+interest until they die.
>>535340132You can't save up for a home when you can put away maybe 1k a month at best and a house starts at 300k.
>>535339226crazy to think the founding fathers sold out Europe and instead miscegenated with nigs and natives and had to fight amongst themselves for the next 2 centuries..
>>535339726>The only thing loans are even vaguely appropriate for is seed money for a corporation to cover startup and implementation costs.Fair. Paid from profits. I will put this much $$ for this % stake in company. Once paid back, I go down to this % or reinvest at original rate or negotiated rater as agreed upon.
>>535341044Rates were historically low at some point during covid. I had something like 2.2 on a 15 year mortgage.
>>535338903Serfs had it better.
>>535338548land of the circumcised
>>535342625We have it better because we can opt out of it
>>535339814That's not an argument when taking out the loan is becoming more and more as a must in order to afford what you are trying to buy. What is the alternative to taking out the loan I'm curious?
>>535342080Get on test bro your world will change. Shit is black magic
>>535342273Normally I would say that by now it's pretty shocking that AIfags are unable to read the room, but they are asking slop generators for advice so it kinda figures.
>7% rate>at 50 fucking yearswhat the fuck. I will have mine paid off with 50 and I got it in my 30s. At a much lower rate. Do amerishart cardboxes even survive 50 years? Imagine getting a mortage with 20 and not beeing sure at all if your going to see it paid off. This is just Bank-slavery
>>535338540>using a , instead of a .saar!it also depends on when you bought and your credit score. I think mine's 4.5% which is pretty low unless you refinanced during free money coof
>>535342738Not really because at least the lord for the most part looked out for the serf since that serf was also working their land. You could also meet the lord face to face. Now the people who lord over you don't give a shit about your wellbeing and the one lording over you is some faceless bank/corporation. When you say "opt out" what exactly do you mean?
>>535341080Amutt houses are a weak wooden skeletons covered with drywalls, some insulations and some cheap outside cover. You can literally just kick the wall down.Like I didn't understand the wall punch meme because we have actual walls here, but I've accidentally fell into a drywall and crashed through, it's literally just decorative.
>>535338205HIGH ON THE MOUNTAIN TELL ME WHAT YOU SEE! BEAR TRACKS BEAR TRACKS LOOKIN BACK AT ME!
>>535338540This country is a dumb brown shithole rapidly falling apart, but even so we aren't anywhere near as bad off as europoors yet. You get taxed out the ass and don't make shit for money.
>>535343090Forgot to also add that the modern lords who rule over us now also want you ethnically genocided by replacing you with a slave class of brown people. How exactly do you "opt out" of this?
>>535338205it's fine, in 10 years, you'll be able to rent your brain while you sleep to power some AI thing.that with your 12h/day job will be more than enough to afford a pod.
At that rate it's better to live out of a trailer or squat until you have enough to and pay for a house cash. if I had not bought pre COVID i would've just kept living in foreclosed homes until I had enough cash for a house. I'm not in texas, but that's where id go to squat in this day and age, fuck tons of bank owned foreclosed homes. Very easy to open a utility account in any address really. Nigger times demand nigger solutions
>>535338205>How the fuck is this even legal?jews make the laws
>>535338205>a million dollars of interest paid on a 300k house
>>535343090The lord wasn't your friend. In some instances he would even "break in" the serf's wife and take her virginity. By opt out I mean instead of paying interest + property tax for all those years, you have a passport and freedom of movement. Even if you buy a house, you still have to pay hundreds of dollars a month. You can skip the mortgage and not be bound to the land, and go to a shithole like Malaysia and pay a couple hundred a month in rent to live there. Or you can buy a tent and live on BLM land. But being able to move around and rent is a huge advantage
>>535343656So your solution is for everyone to become rootless cosmopolitans?
>>535338205>400k homeWhat part of dark nigger Detroit is a house that cheap located in?
>>535343540The best part? By the time it's paid off the baby boomer generation will be dead, and the effects of millenials and gen z not breeding will fully kick in and estate prices will go into freefall.
>>535338205>How the fuck is this even legal?The goal is permanent wage slavery and debt serfdom.
>>535338205It’s not in Islamic banking. They outlaw usury. You can avail of such loans in Europe.
>>535338205I can see making 10k on a loan.fucking 968k
>>535338205This is still incredibly unaffordable to 70% of working Americans, and it's lifelong debt.
>>535343656>In some instances he would even "break in" the serf's wife and take her virginity.KekYou watch too many (((movies)))
>>535340248>Just put an extra $28,000 down, it’s just that easy!thanks for the advice grandpa, try not to break your hip at the cashnado todaymaybe I’ll even give the real estate agent an extra firm handshake, that oughta help toofuck you, nigger
>>535338205>Hava Nagila intensifies
>>535338540My brother is at 1,4 % or so, literally cheaper than rent in the big city for a little housing box.
>>535338903That loan is actually a massive tax relief. I get a good refund on my taxes thanks to that. So yes, Goldberg gets his cut, but I also get money back thanks to tax law, AND I am not paying rent to some fucking landlord. Making it an investment, not wasted rental money (which is not tax deductible). Also the bank (or at least mine) doesn't give a fuck what I do. Some Lord would give at least a minor fuck about me and could end me if they wanted to. Property taxes are the REAL scam. That is literal serfdom to the government. I get jack shit for paying it (it goes to just schools here, I see no services for it as a result). Our fire stuff is volunteer based.
>>535343795yeah, the dollar is strong right now. can even go to europe and be "rootful" cosmopolitan if you wantCosmopolitan means "Citizen of the world" instead of a serf to a state and the origin of that mindset is the old based Greek Diogenes btw>>535344127I saw it on wikipedia
>>535342381And whats more, the house now belongs to the bank for those 50 years. Redpill: banks are in the business of buying securities. Not deposits.
>>535338205Because bankers allowed to live without fear by a population of cucks.
>>535338205"They would consider" means nothing
can anyone redpill me on why it's (((Mort Gage))) ? but americans say mortage ?Is that the jewish name of the inventor?
>>535338740#noforeskins
>>535344469It's true the government massively subsidizes home ownership but the opportunity cost fucks you. You're bound to the property and it's hard to move off of it. You can have 40 niggers move in your neighborhood and surround your house and the burden is on you to sell it. And if you ever want to switch to low cost of living for a temporary amount of time, you are still paying maintenance + fees + tax on the house in addition to wherever you want to go
>>535338205The first jewish president
>>535339124We're approaching literal slavery soon. Once they get digital ID up they will abolish the 1A and you will be muzzled just like a slave. You will then own nothing, be muzzled, and eat goyslop that you can't even afford. But hey! Your entertainment will be free (with nonstop Ads) designed to sell you Nosebergs slop. Anyone not following Zionism will be killed. And of course Jews will throw out the old slavery prohibitions from Lincoln once they get here. Then they can chip you and collar you. Might even give you a shock collar for wrong think. We have the tech for that now too.
>>535338205You go loan an average Joe $400k for less.
>>535338205They really think that so long as they keep amerigolems pumped full of enough goyslop they won't rebel. At this point it almost feels like they just want to see what they can get away with.
>>535338205>mfw I have a $1200 a month payment and 5x the outstanding principal in the bank I bought years ago because I'm an X'er, damn it feels good to have it so easy
>>535338740>this nigger will laugh at college students debt slaving themselves in the same breath
>>535338825Why would you get a lower rate when allowed more time to repay the loan?
>>535338903Realizing modern democracy is a sham and you are still a serf in a feudalistic system except you have even less rights than a fucking peasant is the harshest black pill to swallow.
>>535342738You literally could just pack your shit and move. It was abused so fucking hard shitholes like russia had to create laws to nail the peasants down the fuck you mean?
>>535338205>buy a house for $400k>Pay $1.4 million>this is not usury somehow
>>535340446My house hase been standing for 85 years. It is made of concrete, brick and yellow pine.
>>535344920The problem isn't even so much the interest rate for mortgages, it's mainly the PRINCIPAL. The 7% interest rate is actually pretty typical. When it was 3% during COVID, that was the lowest it ever was. But during the 70's, the interest rate was like 18%. Boomers still could easily afford a house though...It's the PRINCIPAL which affects how much the monthly payment and the starting capital required...For example, a $200K house is much easier to obtain because you could chew through until 25% down ($50K) easily with a low monthly payment. Now that house is $600K so $50K is a drop in the bucket.
>>535345108i didn't even know such houses are legal in america...
>>535345044Good luck crossing Russia by foot with all your stuff. And there's no human rights, anywhere you go you will go from a serf to a slave
>>535344486>repeating wiki retardationYou are part of the problem
>>535338205Getting a mortgage to buy a house is typically the #1 thing that a person does over the course of their entire life with the biggest positive impact on their net worth and financial status.All the rentfags seething about mortgages are just completely financially retarded.
>>535345003>>535345044Life is essentially worse now than during even the Industrial Era. Back then, a lot of employers GAVE you free food and housing, in addition to wages.This was the "Hobo Era" where if you could pick up a shovel, you had a job, and you could fuck off into the wilderness or a side of the road and no one would give a shit.Nowadays, all of those holes are plugged. You can't just fuck off into the wilderness because you will get shot by some Boomer and your employer doesn't give you free housing and food
>>535345608You're only seething because it contradicts your idea that serfs had a better life
Interest comes right out of the devil's anus.
>>535345383Those are old houses. The modern houses aren't the same.
>>535338903>how aren't loans to buy a home considered literal serfdom???Because it has basically nothing in common with serfdom, you are just a moron.>people get in debt for their entire adult life in the service of the bankAnyone with a mortgage can sell the house and get rid of the debt at any time.
>>535340269They'll say it was a continuation of feudalism.
>>5353382052.2k USD is an absurdly high mortgage rate and would never be worth it.I'm paying 700 dollars for mortgage right this second.at 2200 this is basically rent price which means 0 reasons to ever even buy a house. at 7% interest rate on top you'll never beat inflation until like 30 years into the mortgage.10-15 year should be most by federal law.
>>535338636glowie in one article say overpopulation in the previous population collapse , pick one glowie and fuck off to your psyop cage
>>535340441Don't fall for disaster theater.
>>535339027>Let's also address the fact that for such a loan to even break even, your home would not only need to 4x in value over 50 years but also keep up with 50 years of 3% average inflation (best case scenario) which it undoubtedly wouldn'tMedian price of a single family home in the US in 1976, 50 years ago: $44,000Median price of a single family home in the US today: $420,000.
>>535345665>Getting a mortgage to buy a house is typically the #1 thing that a person does over the course of their entire life with the biggest positive impact on their net worth and financial status.How about freedom? Happiness? Meaning?>>535345692>This was the "Hobo Era" where if you could pick up a shovel, you had a job, and you could fuck off into the wilderness or a side of the road and no one would give a shit.Now it's the same. You just raise your nose at it. Anyone can show up to a random city in the USA and start flipping burgers the next day and make a global top 1% wage.You can read Walden and he gives exact details about his accounting in pre-Civil War Massachusetts. He worked as a day laborer, for 42 days, and earned $42. Then he spent $25 building a cabin on his friend's land and lived off the land for two years with that moneyYou can do the same thing today, it just looks a little different. You can flip burgers for 42 days (if you live with your parents like Thoreau) and have enough to live for years in many places around the world
>>535339970It's called greed
The important thing is to recognize yourself as the victim of circumstances beyond your control, understand that nothing you can do can change anything for the better, give up, and be angry all the time and never stop being angry.
>>535338205>If you stop paying your mortgage, the bank takes the house. If you stop paying your property taxes, the local municipality can and will seize and auction off the propertyLol
>>535338740>6.75% is an excellent rateNigger I've got a credit card with lower interest than that.
>>535338205all that means is that housing prices would go up even more
>>535338839In the US, most lenders will require you carry PMI private mortgage insurance if your down payment is less than 20%. And even then the insurance company typically requires you put at least 5% down payment. Some government programs like FHA allow you to get to 3.5% down at minimum. However FHA loans require a 1.75% mortgage insurance premium payment which is 1.75% of total house and an additional .5% to 1% yearly premium until loan is paid. Unless you put down 10% on FHA loan and in that case no immediate premium but must pay the yearly premium. FHA also allow kikery such as allowing family or employee to pay the down payment for you. I am sure that is not abused at all.Mortgage system in America is simply just how to extract the most in fees from you. It is comical to me that a supposedly Christian nation has usury baked into programs that are supposed to assist citizens. Perhaps we are leaning more on the judeo part of the Christianity.
>>535338205You retarded nigger. Most mortgages are paid of in 10 years. Pay more than the payment and profit. The longer term means you owe less a month and can put more to the principal. You fucking people are stupid.
>>535339046>Do people not realize how interest works? They do, you apparently don't and definitely don't understand how everything else works.>Are they honestly cool with getting 400k from the bank but having to replay them a cool million on top for 50 years? Yes, because even factoring in the interest, in 50 years the house will be worth far more than they paid for it.>The rest of their life? They can sell the house at any point and cash out whatever equity they have built up to that point. >Isn't renting preferable in that situation?Absolutely not. A renter has zero equity. They will end up paying far more for housing over the course of that 50 years, and then at the end of if the person with the mortgage will own a house worth millions, while the renter will have nothing.Also, keep in mind that the renter's monthly payments will typically increase by a few percent every year, which will compound to an insane monthtly rental payment 50 years from now. The person with the mortgage will still only be paying $2,260.59 per month in 2076.
>>535342283Middle class is the median fucking income you fucking kike. Which is just under 40k a year. I will say 50k a year is more realistic as a mid point in a lot of ways. But 50k is absolutely middle class. After taxes that's like 40k a year. Or around 4k a month, rounding up. Meaning anything over a 1200 a month mortgage, is unaffordable by the 30% income goes to housing standard. Which, by the way, is a good metric for actual stability in life.>working coupleJew logic.>it's okay that the woman is stuck working for the rest of her life to afford a home for the kids she can't take time off of work to haveKill yourself.
>>535345989If you flipped burger for 42 days for $15 a hour you would have around 3900 usd if you saved it, post tax. Now where can you go and live for a few years on raw land with 3900 for a few years.
>>535338205Now I get why banks do not hold mortgages anymore in the US. Another debt-driven scam ready to burst.
>>535345989Yeah, Thoreau built his cabin without the government telling him what he can and can't do though. Most of the mountain men of today are Boomers with their own land. No zoomer can even afford shitty desert land in NM now
>>535338205So thats why the amount owed on my credit card increases even though I pay the minimum amount owned.
>>535338740>6.75 is an excellent rateThis is why Trump has managed to stay in power for so long. Americans are fucking retarded.
now imagine how many shitskins there are without citizenship that would jump on that tommorow
>>535343880*imports even more undesirables*Problem, goyim?
>>535345989>How about freedom? Happiness? Meaning?There is a direct correlation between increasing net worth and financial status and increased freedom, happiness, meaning, etc.Poorfags constantly struggling to make ends meet and wondering how they are going to pay their rent this month typically do not feel particularly free or happy.
>>535338205Because the US was flooded with non-whites to depress wages and lower the standard of living. Much like turks were initially imported into Germany and Jamaica niggers imported into Britain.
>>535340717>worked in a factory for 6 years sleeping 5 hours a night and living with my parents so I could save up almost 100k>$100kThis is the fucking problem. Labor & the Dollar are no longer connected. You could harvest tress by hand, make lumber, shovel a foundation, and put it all together in far less time then paying off the loan for the same house. Most of the homes built in the 1970's to now are garbage.
>>535342400Its less than half of the first years interest payments alone. How in the ever living shit is anyone planning on affording paying that mortgage if they can't save up 3% before taking it on?
>>5353463611/3rd of Americans make $15/hour or less lolol. Dollar General and Dollar Tree pay employees $7.25-$9/hour.I saw jobs like this before:>3 years of experience required >Must have Supply Chain degree>Must be willing to work anytime >12 hour shifts >$18/hourAmerica is POOR as FUCK Meanwhile, jeets from India can sell curry on the streets and have 8 kids
>>535345692>Back then, a lot of employers GAVE you free food and housing, in addition to wages.Absolutely not. Typically you were defacto required to live in housing owned by the company because they owned the whole town. They would keep a hefty portion of your wages in return for letting you live in company housing. They would then pay you the rest of your earned wages in company scrip instead of dollars. The scrip was only accepted in company owned stores, which would be another opportunity for them to take advantage of workers. And since they were basically paying you in monopoly money that was worthless outside of the company town, it was nearly impossible to escape that system without hobomaxxing.
>>535338205So, I would absolutely do a 50 year mortgage. My mortgage is $3,000/months currently, so I would set my budget up where I am making $1,500 principle payments every month, and have it paid off in 13 years. For a little extra breathing room, I could reduce my principle payments to $1,200/month and have it paid off in under 15 years.The 50 year mortgage is only a shit deal if you make minimum payments.
>>535346360>equityis not what the FIRE industry likes to pretend it is. it's the same thing as unrealized stock gains, it exists on paper only. in either case you can borrow against it but it's just that, you borrowing more money not "tapping" some stash of real money
They are really desperate about somehow re-starting credit expanse so the ponzi doesn't collapse in Q3. Well then it collapses in Q4
>>535346912retard.
>>535338205lol, at what % rate? I bet it's variable rate and in 50 years idiot has purchased their home 10 times at constantly inflated rates. thank god most banks now prohibited from giving loans/credit lines to boomers (anyone over 70).
>>535339015where do you sleep? how do you find food? asking because I feel like I might be homeless soon enough
>>535347091If I can effectively reduce my amortized monthly payments by almost $1,000, that means I can maintain my budget and shovel at least that amount (but realistically probably more) directly into principle. This fast tracks my paying the home off in well under 2 decades.Tell me you don’t know how mortgages work without telling me you don’t know how mortgages work, nigger. 50 year mortgage would reduce the monthly obligations to such an extent that it’s actually a fast track to home ownership.
>>535343293No, europe is much much better. I was actually offered a job there for once, meanwhile in the US only nogs got hired. Europe is whiter, people seem wealthier on average. Everything costs less.
>>535339124>>535344799Everything in this shithole country is a scam. At ALL restaurants in my city, they were scamming people. And fucking up the food really badly too. Like mcdonalds fries had black gooey stuff in it.I cant wait to eacape this hellscape country. And yeah it’s obvious they are closing in FAST on becoming a real prison country with mass slavery. What do you think the 40 thousand acre datacenters are for?
>>535346402>Now where can you go and live for a few years on raw land with 3900 for a few years.Google for "raw undeveloped land owner financing." If you don't mind being innawoods in the middle of bumblefuck nowhere, you can find land for sale cheap.And owner financing means you don't get the bank jews involved, you just make a relatively small down payment and then basically just pay off the current owner in installments. You aren't going to get much for $3900 total, but if you did it once a year for a few years you could actually afford enough for a modest homestead.
>>535338205
>>535339270>debt scamOn top of that the debt is fake. It's all just accounting with made up numbers. Most of the debt is just the US printing bonds for the federal reserve and the chair just saying "X dollars are now yours." The whole system is fake. The only thing that is real is the behavior of the people who enforce behaviors compliant with the system and the behavior of those compliant to the system. There's no one exchanging commodities or holding commodities. Just numbers going up and down (mostly up though) in the ledger. Most of the "wealth" in wall-street really doesn't even exist.
>>535338205Become zero factor
>>535343090He’s a kike, you can’t “opt out” because they criminalized every other avenue of living. Tent on your private land? RV? Small unpermitted house? Illegal. Minimum square footage? 1500. Or else it’s illegal. Oh and you have to buy onscenely overpriced retarded contractors who use cardboard and drunk crackhead illegals to “build” your house.The US is a communist slave country or will be very soon
>>535347366You are assuming several things.1. Your 50 year mortgage will allow principal payments2. The average normie makes maybe 1 additional payment per year (13 instead of 12 full payments3. Staying in the same home for decades.The real issue with 50 year mortgage again is for the normie homeowner. The first 10 years is nearly 95% pure interest payments. Nearly nothing goes to principal. The average person moves houses every 7 years. Now this average is skewed as young adults typically move more often than older adults. But the 50 year mortgage is being marketed as a way for young adults to be able to afford a house due to rising prices.Again, you may be unaffected but the more power kikes have over the goyim the worse it is. Personally I would also do a 50 year mortgage to pay it off quickly since I typically have have 23k of essential spending (taxes, utilities, groceries, gas, insurance) per year not counting apartment rent on a 72k salary. If you budget properly it would technically allow for a cheaper overall payment however you would have to rapidly pay it off and not have any unforseen issues which could limit additional payments which would make you pay more interest.
>>535346969>it's the same thing as unrealized stock gains, it exists on paper only.No, it exists as an actual physical house. It's unrealized in the sense that you haven't locked in a certain amount of gain by actually selling it, but that's like saying that a $100 bill isn't worth anything until you spend it. It's true in an autistic, philosophical sense, but it's completely retarded in the real world sense.
>>535339608Jeets don't>>535340290Oy vey shut it down
>>535347366>>535347798Lets look at the best example for a deflating demand on real estate, Japan, taking a 50 year loan at 6.5% for a depreciating asset is peak retarded
>>535347617And who is going to enforce the paper law?Some on average 59 year old LEO desk sharterlol
>>535339226Would
I am 580k in depts but I own a good farm and house
>>535347617>Tent on your private land? RV? Small unpermitted house?Yes but also, I dont want to live next to a gypo encampment
>>535339900You're batshit retarded if you think Trump is the crux of this whole issueShit started going sideways under Obama during the housing crisis and has only accelerated since. It was over before it started for many of us. Stop being a red/blue faggot
>>535338205It's legal because you agreed to it.Thank you for your attention to this matter.
>>535348593you dont own it, the one owning your debt owns it. You just rent it. Stupid boomer
>>535341044This is how I know your opinion is worthless - you don't even understand what the market conditions were as little as 5 years ago. I got 2.9% in fall 2021 and my credit isn't even THAT good
>>535348729Yeah but i will own it when I pay it off, and pass intergenerational wealth to my son.Seethe, forever renter.
>>535348838so never. stupid boomer
>>535348865580 isnt muchI could pay it off in 15,And if I die I have a great death insurance
>>535348838And I suppose your son is going to very thankful, not, if you leave a shack that is still not paid off and worthless to him when he is 65
>>535348838Do you know what an estate is?
Can we get a little MORE jewish? Just a little more
>>535348936This seethe only makes my cock harder
>>535348935Everybody hates you boomers, your son included>some day you gonna get my shackBurn your shack down, die in it and leave the insurance money to your son
>>535348942What about it?
>>535338740Hooknose
>>535348996So what intergenerational wealth are you getting, Achmed?
>>535349086In a deflationary demographic environment, that shack is not going to appreciate. Its going to be a liability that is unsellable
>>535349043It includes debts.
>>535349086also what do I care what some boomer leaves when I am in my 60s. You boomers are hated for a good reason
>>535349132Yes, land and working farms are depreciating globally! I should give it away now before I have nothing but debt! Fucking retard.
>>535349170Yeah. I am not dying tomorrow and if I do, my life insurance would more then cover it
>>535349214a look at japan tells the story.1980 has been long gone boom boomyour world doesnt exist anymoreland and real estate are these days a liability, not an asset
