No, really. You *”own”* it. Pride in self-ownership.
JadedArgument1114 on
This is just the beginning. By trying to avoid any sort of market correction/real estate devaluation Trump is gonna pump everything possible. We are witnessing the bubble of all bubbles. Thank God America has good leadership at the moment to deal with the inevitable bubble pop as it could go very bad, very fast without effective economic policies
Cold-Cell2820 on
Renting is actually financially smarter in a lot of situations because upkeep on a house is like an additional mortgage payment. A 50 year mortgage is more like indentured servitude. 100 year mortgage would just be slavery with extra steps.
un_theist on
Average age of first time US homeowner is 40, average life expectancy is 78.4.
50-year mortgage at 40 takes you to 90. If you make it.
And watch, they’ll put some crap in to make sure you can’t refinance to a shorter term, too.
shadowpawn on
Now do car loans!
chapterpt on
it is worse than renting. my landlord pays for repairs.
C4TTYW4MPUS on
swomismybitch on
The corporations have jacked up the housing market so much that they cannot sell without dropping prices. The 50 year mortgage is a way for them to get the full price but still keeping the mortgage ‘affordable’.
mapoftasmania on
It’s renting while shelling out 100% of maintenance and repair costs.
9 Comments
No, really. You *”own”* it. Pride in self-ownership.
This is just the beginning. By trying to avoid any sort of market correction/real estate devaluation Trump is gonna pump everything possible. We are witnessing the bubble of all bubbles. Thank God America has good leadership at the moment to deal with the inevitable bubble pop as it could go very bad, very fast without effective economic policies
Renting is actually financially smarter in a lot of situations because upkeep on a house is like an additional mortgage payment. A 50 year mortgage is more like indentured servitude. 100 year mortgage would just be slavery with extra steps.
Average age of first time US homeowner is 40, average life expectancy is 78.4.
50-year mortgage at 40 takes you to 90. If you make it.
And watch, they’ll put some crap in to make sure you can’t refinance to a shorter term, too.
Now do car loans!
it is worse than renting. my landlord pays for repairs.
The corporations have jacked up the housing market so much that they cannot sell without dropping prices. The 50 year mortgage is a way for them to get the full price but still keeping the mortgage ‘affordable’.
It’s renting while shelling out 100% of maintenance and repair costs.