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hamsterjill

(17,470 posts)

6. As someone who spent 45 years working in real estate

Sun Nov 9, 2025, 09:09 AM

Nov 2025

Someone please tell me which of the homes produced by any of the national builders of cookie cutter homes would still even be standing after fifty years.

I’ll wait…

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raccoon catrose catrose AllyCat paleotn mopinko Hey Joe kcoates Prof. Toru Tanaka lastlib UpInArms buzzycrumbhunger Rastapopoulos vanessa_ca angel823

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Highlight:

Donald Trump Proposing 50-Year Mortgages Sparks Backlash [View all] BumRushDaShow Nov 2025 OP

30 years is hard enough............. Lovie777 Nov 2025 #1

Biden suggested taxing the profits of REITs wolfie001 Nov 2025 #4

That's not "affordability" -- that's lifetime debt service LSparkle Nov 2025 #2

This will pass on mortgage debt to the children of homeowners . FalloutShelter Nov 2025 #5

Do children inherit debt or do you mean they lose karynnj Nov 2025 #29

Imagine being foreclosed on in year 49 TheFarseer Nov 2025 #8

It's called renting. NotHardly Nov 2025 #40

When I was posted to Germany in the early 90's, they had 100 year mortgages. OnlinePoker Nov 2025 #3

Japan actually has 150-year mortgages! lastlib Nov 2025 #48

As someone who spent 45 years working in real estate hamsterjill Nov 2025 #6

I thought the same thing Hey Joe Nov 2025 #25

"Oh well. That mortgage payment is still in the mail, right?" durablend Nov 2025 #32

Bring back the FannyMae and FreddieMac mortgages FakeNoose Nov 2025 #7

same here. mopinko Nov 2025 #21

Get private equity out of residential ownership... EarthFirst Nov 2025 #9

Canada tried 40 year mortgages briefly under Harper Fiendish Thingy Nov 2025 #10

Increased demand, with probably little to no incentives to increase supply to meet that demand. paleotn Nov 2025 #20

Indentured servants Puppyjive Nov 2025 #11

Lifetime of indentured servitude to the corporate machines Javaman Nov 2025 #12

Not to mention ten year car loans on top of that. Diamond_Dog Nov 2025 #15

As long as you are in permanent debt Javaman Nov 2025 #18

Indeed Hey Joe Nov 2025 #27

Indeed it would👍 nt Javaman Nov 2025 #42

Fiberboard Glue homes won't last 50 years. Renovation every 25 years. bucolic_frolic Nov 2025 #13

$200k borrowed. 30 yr loan payment at 6% $1200. 50 yr. loan pmt $1052. $148 a month diff. twodogsbarking Nov 2025 #14

And the amount of interest to be paid is MONSTROUS. lastlib Nov 2025 #46

Exactly! This would be ruinous for most families FakeNoose Nov 2025 #55

The interest is the devil for sure. That makes it hard to move when your current rate is below 3%. twodogsbarking Nov 2025 #49

What's worse? mwooldri Nov 2025 #16

Why is anyone surprised? He doesn't understand anything. He's a hateful dementia ridden moron. ChicagoTeamster Nov 2025 #17

Years ago snowybirdie Nov 2025 #19

i just want to point out, since a lot of ppl dont know, mopinko Nov 2025 #22

This! paleotn Nov 2025 #24

I am currently doing this. Prof. Toru Tanaka Nov 2025 #28

I used this to pay a recent car loan, saved $10K in interest! lastlib Nov 2025 #47

We did this ... SomewhereInTheMiddle Nov 2025 #64

Home financing ideas from a multi-bankrupt, debt hog. paleotn Nov 2025 #23

What makes it more affordable Turbineguy Nov 2025 #26

It's a FAKE MORTGAGE! You'll be 80 years old and still paying it off /nt bucolic_frolic Nov 2025 #31

Trump will think of a way to shorten your life. Turbineguy Nov 2025 #36

Step 1: 50-year mortgages. Step 2: Bluetus Nov 2025 #30

will the bank reqjuire life insurance? rampartd Nov 2025 #33

Banks will just repossess the house, sell it, and get another poor fool paying them a 50 year mortgage. nt SunSeeker Nov 2025 #44

IIRC There are Mortgages that go to the deceased person's next of kin upon death in Europe. Jacson6 Nov 2025 #34

I refinanced during Covid. I already had a decent rate, think I lowered it by 1.25 or 1.5 percent AZJonnie Nov 2025 #35

50 year mortgage, ten year car payments, student loan debt, full medical premiums with no ACA help Diamond_Dog Nov 2025 #37

Goes hand in hand with the new 7 year car loans. flvegan Nov 2025 #38

When my husband taught middle school math Diamond_Dog Nov 2025 #39

I would have guessed "American education" regardless of where this was posted. flvegan Nov 2025 #45

While we're at it Devilsun Nov 2025 #41

How about offering first time home buyers $25,000 toward their down payment, like Kamala did? SunSeeker Nov 2025 #43

If that idea had turned into law, the 60 % of the country who don't have a thousand dollars for an emergency questionseverything Nov 2025 #50

No they wouldn't, most don't pay federal taxes, which is how the down payments would be funded. SunSeeker Nov 2025 #52

51,000 is considered the bottom of middle income questionseverything Nov 2025 #53

I didn't insult you. You're the one throwing out "both sides" insults about the Democratic Party. nt SunSeeker Nov 2025 #57

I'm pretty sure I get to decide if I'm insulted or not questionseverything Nov 2025 #58

As do I. nt SunSeeker Nov 2025 #61

Stupid fuk is proposing longer interest payments UpInArms Nov 2025 #51

Mortgage Companies Deep State Witch Nov 2025 #54

I'll take a 50yr mortgage fixed at 3% any day of the year. Buddyzbuddy Nov 2025 #56

That's no deal, it would be cheaper to pay rent for your entire life FakeNoose Nov 2025 #59

First, I understand and respect your perspective. Buddyzbuddy Nov 2025 #63

A basic new construction house is $250,000 plus questionseverything Nov 2025 #60

But with harsher natural disasters: fire, flood, TommyT139 Nov 2025 #62

This is another stupid trump idea LetMyPeopleVote Nov 2025 #65