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.
"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.
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.
"revitalize the American middle class"................. lol
$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.
Almost every financial product is an evil scam that harms society.
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?
Because that would exclude Israelis.
I'm already sold, you don't have to keep selling me
Americans are drowning in debt, and this will add even more. It's worse than nothing.