50 year mortgages

[milfandcookies]

The Trump administration is working on a plan to introduce this.
 

Who benefits from 50 year mortgage?

[JDHillFan]

5 minutes ago, milfandcookies said:

The Trump administration is working on a plan to introduce this.
 

Who benefits from 50 year mortgage?

Nobody. Asinine idea. 

[milfandcookies]

It benefits the banks right? Paying almost double in interest to them 

 

why would Donald Trump be on the side of the banks? This I do not understand 

 

 

Edited 13 hours ago by milfandcookies

[4th&long]

At this point you just sit back and laugh at sleepy Don and wait for the next guy to take over and undo all the bull#### he's done. 

[Bray Wyatt]

Usually with a 30 year mortgage they say that roughly the first 10 years of payment is mostly interest. I wonder what that would be on a 50 year. People that get that would need to stay in that house for awhile, probably unable to move after 5 to 7 years like some people chose to do now.

[All_Pro_Bills]

12 hours ago, milfandcookies said:

It benefits the banks right? Paying almost double in interest to them 

 

why would Donald Trump be on the side of the banks? This I do not understand 

 

 

Because that's what every Republican and Democrat administration and Federal Reserve Bank President has done since Nixon issued an executive order eliminating the gold convertibility feature of the US dollar. Since then government and their bankers have been creating inflation through monetary and fiscal policy that results in money flowing into financial markets which increases the wealth of the "haves" through capital appreciation while simultaneously increasing the cost of living for the "have nots" through increases in prices at a greater rate than wages. Add in bailing out the markets and the banks whenever the system of money creation fails which results in a crash and you get the idea.

Edited 1 hour ago by All_Pro_Bills

[milfandcookies]

32 minutes ago, All_Pro_Bills said:

Because that's what every Republican and Democrat administration and Federal Reserve Bank President has done since Nixon issued an executive order eliminating the gold convertibility feature of the US dollar. Since then government and their bankers have been creating inflation through monetary and fiscal policy that results in money flowing into financial markets which increases the wealth of the "haves" through capital appreciation while simultaneously increasing the cost of living for the "have nots" through increases in prices at a greater rate than wages. Add in bailing out the markets and the banks whenever the system of money creation fails which results in a crash and you get the idea.

totally. just disappointing because trump with his mountains of debt, and little concern for it, seemed like he was gonna be different.

 

Now he’s just another voice for the banks? Come on now. I am concerned Silicon Valley bro “Vance” is rubbing off on him cause he immediately shared the Trump tweet about 50 year mortgages with glee 

 

its asinine as another poster said 

[IYKYK]

12 minutes ago, milfandcookies said:

totally. just disappointing because trump with his mountains of debt, and little concern for it, seemed like he was gonna be different.

 

Now he’s just another voice for the banks? Come on now. I am concerned Silicon Valley bro “Vance” is rubbing off on him cause he immediately shared the Trump tweet about 50 year mortgages with glee 

 

its asinine as another poster said 

You’re probably going to B word and moan whatever he does. So your opinion means very little.

[milfandcookies]

17 minutes ago, IYKYK said:

You’re probably going to B word and moan whatever he does. So your opinion means very little.

Don’t be a douche. 
 

do you like the idea of 50 year mortgages or not