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109
Ron Paul on 50 year mortgages: “my parents paid cash for their 4 bedroom house during the depression” (twitter.com)
posted 228 days ago by SophiesBoyfriend 228 days ago by SophiesBoyfriend +109 / -0
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▲ 13 ▼
– KekistanPM 13 points 228 days ago +13 / -0

That's the kind of thing I heard about him when I was made aware of his existence many years ago. He was a "Crazy nut job who believes in space aliens." And because I was so young and ignorant of politics, I ate it up. Now I realize it was all smears and yellow journalism intended to stop him from ending the fed.

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▲ 7 ▼
– 70thLike 7 points 228 days ago +7 / -0

I also got fooled by the ruling class about him. They convinced me this guy was a white supremacists, neo Nazi back when I was a teenager. It was a major red pilling moment to find out they lied. Then going "but why did they want to lie about him 🤔"

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▲ 1 ▼
– dagthegnome 1 point 228 days ago +1 / -0

I would be all on board with ending the Fed, but I am getting a little annoyed with various supposedly right-of-center voices, the lolberts among them, counter-signalling every time Trump does something to revitalize the American middle class. Yes, the 50-year mortgage idea is far from perfect, but if the alternative is never owning property while Chinese and Saudi and PNW dark money buys up all the land in the country, then it's better than nothing.

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▲ 12 ▼
– The_Shadow_of_Intent 12 points 228 days ago +12 / -0

"revitalize the American middle class"................. lol

but if the alternative is never owning property while Chinese and Saudi and PNW dark money buys up all the land in the country, then it's better than nothing.

$200/month difference is going to stop people from owning property? Call me crazy, but maybe we should just outlaw corporations from buying single family dwellings.

It's a moot question anyway because prices are going to shoot up even more from the collision of new homebuyers with static supply, making the 50 year as unaffordable as the 30 year, because this is an attempt to sustain the housing bubble. At that point we will introduce the 100 year mortgage.

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▲ 8 ▼
– current_horror 8 points 228 days ago +8 / -0

maybe we should just outlaw corporations

Almost every financial product is an evil scam that harms society.

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▲ 10 ▼
– BeefyBelisarius 10 points 228 days ago +10 / -0

but if the alternative is never owning property while Chinese and Saudi and PNW dark money buys up all the land

Easy fix, make foreign ownership of real estate illegal. Plenty of other countries don't let foreigners buy them out, so why can't we?

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▲ 7 ▼
– Roleplaypete 7 points 228 days ago +7 / -0

Because that would exclude Israelis.

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▲ 5 ▼
– SparkMandrill83 5 points 227 days ago +5 / -0

I'm already sold, you don't have to keep selling me

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▲ 10 ▼
– ArchRespawnsAgain 10 points 228 days ago +10 / -0

Americans are drowning in debt, and this will add even more. It's worse than nothing.

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