Yup ya got it.as trump fiddles with the ballroom and plasters cheap gold plated baubles all over our White House he thinks us regular folks are into a 50 year mortgage…..had enough yet?

4 minutes ago, Tug said:

Yup ya got it.as trump fiddles with the ballroom and plasters cheap gold plated baubles all over our White House he thinks us regular folks are into a 50 year mortgage…..had enough yet?

Very smart plan by mr Donald J Trump,the honorable president of the USA.

In order for the masses to be able to make a living and maybe save some money ,it would be an option to make lower payments because everything else is going up! A thirty year mortgage will keep people in line for thirty years.

                                                                                    A fifty year mortgage will,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

Analysis: Mass Immigration Pushes U.S. Housing Market to ‘Breaking Point’

https://www.breitbart.com/politics/2025/11/11/analysis-mass-immigration-pushes-u-s-housing-market-breaking-point/

 

An interesting analysis. Unfettered illegal immigration under old Biden has caused a housing crisis in the U.S. pushing up prices to historic records. This is also the case in England where the good citizens are being pushed out of their homes and neighborhoods by illegal boat people. If banks are stupid enough to lend for fifty years, then let them. 

33 minutes ago, Tug said:

Yup ya got it.as trump fiddles with the ballroom and plasters cheap gold plated baubles all over our White House he thinks us regular folks are into a 50 year mortgage…..had enough yet?

Kicking the (indeptness) can further down the road. The average home, (made of 2x4's), has no more value after 50 years. But thanks to compound interest, the homeownes will have paid 4 times for their home.  

19 minutes ago, Keep Right said:

If banks are stupid enough to lend for fifty years, then let them. 

I think you have it wrong.

The banks will make more money on 50 year loans.

An extra 20 years of interest and they will be able to lend more as repayments will be lower.

Trump is imploding right now. If 50 year mortgage doesn't crush your dreams he actually said in no uncertain terms that America does not have the talent required and H1-B (70% from India!) is needed to keep industry alive.

 

It's such an unbelievable betrayal to the people who voted for him. If that's what he thinks just hand over the keys to Modi and grant citizenship to all Indians tomorrow

1 hour ago, Tug said:

...trump ... thinks us regular folks are into a 50 year mortgage…..had enough yet?

It was a suggestion, that's all, no ne will be forced to take mortgages of any term, just as is the situation right now.

1 hour ago, jvs said:

Very smart plan by mr Donald J Trump,the honorable president of the USA.

In order for the masses to be able to make a living and maybe save some money ,it would be an option to make lower payments because everything else is going up! A thirty year mortgage will keep people in line for thirty years.

                                                                                    A fifty year mortgage will,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

Mortgages do not "keep anyone in line" and they're certainly not provided by the government, neither are they mandatory.

50 yr is just an option. But if it amuses you, be offended. 

2 hours ago, Tug said:

Yup ya got it.as trump fiddles with the ballroom and plasters cheap gold plated baubles all over our White House he thinks us regular folks are into a 50 year mortgage…..had enough yet?

 

The average age of first-time homebuyers in the United States has reached 40 years old, while the median age of all homebuyers is now 59 years old. (AI)

 

The first 25 years will be mostly interest payments.  By the time you reach 70, you'll still have no equity.

 

Debt slaves for life.

Good way to create another lending crisis. Didn't they learn from the S&L crisis?

If a person needs a 50 year mortgage, they should not be borrowing money.

 

The small banks, S&Ls and venture funds will rush into this and they will demand that the Federal Government backstop their loans with guarantees and  allowances for the sale of mortgage backed securities. US Congress will force government entities to purchase or back the landing. This is what was done to Freddie Mac and Fannie Mae.   

 

USA should stop encouraging debt and should instead encourage living within one's means.

2 hours ago, Tug said:

Yup ya got it.as trump fiddles with the ballroom and plasters cheap gold plated baubles all over our White House he thinks us regular folks are into a 50 year mortgage…..had enough yet?

The real question is when his CULT has had enough.

Bizarrely, not yet and possibly never. 

8 minutes ago, NoDisplayName said:

 

The average age of first-time homebuyers in the United States has reached 40 years old, while the median age of all homebuyers is now 59 years old. (AI)

 

The first 25 years will be mostly interest payments.  By the time you reach 70, you'll still have no equity.

 

Debt slaves for life.

Amen. And opening the doors wide open for another "sub-prime- mortgage crisis".

In the Ingraham interview (shambolic demented idiocy as usual from the president) it's revealed that Mr. Trump thinks the most standard mortgage is 40 years rather than what it is -- 30. So 40 to 50 is "no big deal" according to the bigglyest greatest real estate man. How is it that any real estate industry person at any level thinks such a moronic falsehood? I don't know. Perhaps most of Trump's customers are oligarchs who pay with suitcases of cash?

6 minutes ago, Patong2021 said:

Good way to create another lending crisis. Didn't they learn from the S&L crisis?

If a person needs a 50 year mortgage, they should not be borrowing money.

 

The small banks, S&Ls and venture funds will rush into this and they will demand that the Federal Government backstop their loans with guarantees and  allowances for the sale of mortgage backed securities. US Congress will force government entities to purchase or back the landing. This is what was done to Freddie Mac and Fannie Mae.   

 

USA should stop encouraging debt and should instead encourage living within one's means.

Yes, but this would not be in accordance with "the American way of life".

The political motivation seems to be he's feeling the heat about affordability.

He was just booed massively at a flippin' football game! People who buy football tickets he presumed are mostly his people.

 

 

So with a 50 year mortgage yes the payments are lower giving the illusion of more affordability, but most people don't hit much or even any of the principle while they're still alive!

A stupid policy proposal trying to attract stupid people.

Good luck with that. It's worked before.

7 hours ago, Keep Right said:

Analysis: Mass Immigration Pushes U.S. Housing Market to ‘Breaking Point’

https://www.breitbart.com/politics/2025/11/11/analysis-mass-immigration-pushes-u-s-housing-market-breaking-point/

 

An interesting analysis. Unfettered illegal immigration under old Biden has caused a housing crisis in the U.S. pushing up prices to historic records. This is also the case in England where the good citizens are being pushed out of their homes and neighborhoods by illegal boat people. If banks are stupid enough to lend for fifty years, then let them. 

 

Housing in the mid-west is dirt cheap by British standards. Mate has a lovely swanky place in Missouri, high ceilings, trip garage, basement. Cost £120k. Same sort of house in the UK, similar area, £400k easily. He's a recently retired army colonel. Don't think he's seen any price inflation. His outgoings on other things are much higher than for British people. I remember working over there, and people bitching about the excessive price of gas when it went from a buck a gallon to $1.50. At the same time, UK petrol was £3.50 a Imp. gallon, $5.80. Even allowing for adjustment of US gallon to Imperial gallon, this does sound like needless moanign by the Americans, becsause they also get paid more. Until you realise, the rest of their income is spent on tv subscriptions, shopping clu subs, fat gut fast food, donuts, takeout coffee, spare pickups, boats, hunting gear and basically filling their houses with crap, then suppose a 50 cent increase in bargain basement gas hurts.

 

Huge disparity in US house prices

 

 

The most anti-immigrant states, based on voting record, really don't have a problem with house prices. And they are the same states who routinely hate Californians, calling them not "real Americans". Florida residents can mostly be dismissed as syphillitic Q-Tips, soon pushing up Daisies ("The Villages", a large retirement community in the state has the highest incidence of sexually transmitted diseases).

 

 

13 hours ago, Tug said:

Yup ya got it.as trump fiddles with the ballroom and plasters cheap gold plated baubles all over our White House he thinks us regular folks are into a 50 year mortgage…..had enough yet?

 

You're aware that you can pay off a 50 year mortgage in 20 or 30 years, eh?  Just pay about 10-20% more every month.

 

It's not as easy to stretch a 30 year mortgage to 50 years without incurring significant penalties.

 

I don't think it's a good idea to actually keep paying for the entire 50 year term, but there is no downside to being able to choose.  Keep in mind that the payments are pretty much peanuts toward the middle and end of the 50 year mortgage.  (The payments stay the same...  Your paycheck gets much bigger due to inflation.)  So it's pretty easy to pay it off sooner with your (theoretically) much fatter paycheck.

13 hours ago, NorthernRyland said:

Trump is imploding right now. If 50 year mortgage doesn't crush your dreams he actually said in no uncertain terms that America does not have the talent required and H1-B (70% from India!) is needed to keep industry alive.

 

It's such an unbelievable betrayal to the people who voted for him. If that's what he thinks just hand over the keys to Modi and grant citizenship to all Indians tomorrow

 

Yes, Americans are so "untalented" apparently that they need to train their Indian replacements so they can get a severance package.

15 hours ago, Keep Right said:

Analysis: Mass Immigration Pushes U.S. Housing Market to ‘Breaking Point’

https://www.breitbart.com/politics/2025/11/11/analysis-mass-immigration-pushes-u-s-housing-market-breaking-point/

 

An interesting analysis. Unfettered illegal immigration under old Biden has caused a housing crisis in the U.S. pushing up prices to historic records. This is also the case in England where the good citizens are being pushed out of their homes and neighborhoods by illegal boat people. If banks are stupid enough to lend for fifty years, then let them. 

Actually, a major, if not the major cause is the unwillingness of most suburban areas to approve multi-family dwelliings. Stringent zoning laws.

2 hours ago, impulse said:

Keep in mind that the payments are pretty much peanuts toward the middle and end of the 50 year mortgage.  (The payments stay the same...  Your paycheck gets much bigger due to inflation.)  So it's pretty easy to pay it off sooner with your (theoretically) much fatter paycheck.

 

It's not really a selling point to me that the 40th year of your 50 year mortgage won't feel so bad by then because the price of a loaf of bread will be $300.

50 year mortgages allow low income earners to own property instead of renting their whole lives.

 

In Sweden, it can go up to 100 years. Why 100 when most people don't even live that long?

What I get from it is that if you are really not making much money and need 100 years, it spills over to your kids. ie your kids pick up the mortgage where you left off.

 

But since so many families fall apart, the multi-generational aspect doesn't appeal to most people?

 

Just another reason the grifter should have never ever been voted in as the president. Every bussinees the village idiot has touched has gone under,now he is doin to the usa what he did to all the bussinesess he run int o the ground.      What a sad excuse for a human being.

59 minutes ago, John Drake said:

 

It's not really a selling point to me that the 40th year of your 50 year mortgage won't feel so bad by then because the price of a loaf of bread will be $300.

 

That's been a selling point for decades on ARM's where the buyer expects to be making a lot more coin by the time their rate goes up.  Get a lower payment today and pay more later when you're making more.  Sometimes they do, sometimes they don't.  But they often get surprised by a huge increase in the payment.

 

A 50 year fixed rate loan won't have a balloon payment or an unexpected increase that devastates the buyer.  And if you're making more coin in 10, 20 or 30 years, you can pay it down at your leisure.  Or not.  Your choice.  Unlike an ARM where you have no choice.

 

16 hours ago, jvs said:

In order for the masses to be able to make a living and maybe save some money ,it would be an option to make lower payments because everything else is going up!

Lower payments.  Bunk.

Trump isn't doing anyone any favors.  He is inviting consumers to be debt slaves.  Jerk.  The only thing that will help consumers to buy a house is a major deflationary cycle which pushes home prices back to affordable ranges.  It should be illegal for large corporations to buy homes.

 

At the current U.S. average 30-year fixed mortgage rate of 6.22% and median home price of $415,200:

• 30-year term: Total interest is $502,210 (1.21 times the principal).
• 50-year term: Total interest is $936,862 (2.26 times the principal).

1 hour ago, save the frogs said:

50 year mortgages allow low income earners to own property instead of renting their whole lives.

 

 

50 year mortgages allow low income earners to own property instead of renting become debt-slaves their whole lives.

There - Fixed it! 

The US economy is broken and there is no fixing it. Gen Z and Gen Alpha are screwed out of the American Dream.  

32 minutes ago, connda said:

 

 

50 year mortgages allow low income earners to own property instead of renting become debt-slaves their whole lives.

There - Fixed it! 

 

What's a "debt slave"?

If you pay rent, aren't you still a "debt slave"?

You have to live somewhere, don't you?

And the only place with free rent is a park bench, last time I checked.

 

 

32 minutes ago, connda said:

The US economy is broken and there is no fixing it. Gen Z and Gen Alpha are screwed out of the American Dream.  

 

Out of the "old American Dream" maybe.

 

But lots of young folks living nomadic lives in Thailand now, which wasn't too popular when we were growing up.

That's a sort of "dream" ... so not an "American dream", but more of a "Global Dream"?

 

Yeah, maybe should travel more and be less fixated on  mortgages. Full time jobs for life are becoming non-existent anyway.

 

2 hours ago, save the frogs said:

50 year mortgages allow low income earners to own property instead of renting their whole lives.

 

The bank owns its. If you don't believe me, miss a few months payments and see what happens.