50 year mortgages

[teef]

14 hours ago, Tenhigh said:

I look at it as a safe alternative to a balloon.  They are both rolls of rhe dice, but you can live with the 50 until the interest rates come down.

it's not so much the interest rate rather the terms of the loan.  you could knock it down to a 30 year over time, but you're much better off creating a budget where you can afford the 30 year than taking on the 50.  

 

what makes me the most nervous about this proposal is that it shows me that there is absolutely no plan to fix the housing market.  if this is the best that can be done, we're *****.

[SectionC3]

21 hours ago, Wolfgang said:

Remove millions of illegals, and property values drop precipitously...

 

Problem solved...

Hoax. 

[SectionC3]

23 hours ago, All_Pro_Bills said:

I think the unique aspect of the inflation under Biden was the standard government money giveaways were accompanied by COVID era shutdowns of the economy. Which meant that at the same time demand was being juiced up by floods of money into the hands of consumers along with policies like eviction moratoriums and suspension of payments on things like student loans which put even more discretionary income into the hands of consumers. At the same time the supply of goods and services was being constrained by shutdown policies. So behold, demand outran supply and prices rose!  

 

If anyone isn't paying attention Trump's inflation is going to be something different. That plan is to aggressively cut rates. Throw out the Feds 2% inflation target policy. Create an economic boom in demand and supply by opening up the money supply flow in an attempt to grow significantly the economy at a higher than the rate of inflation all this is going to create.

 

Where the idea of on-shoring a lot of lost production comes in is that in recent cycles all that benefit of increased demand for production was provided by corporations producing goods in other countries and the moving of production out of the US. All the benefit went to other countries. With domestic production, at somewhat higher costs and consumer prices, the benefit of the supply side is kept in the country. 

 

 

 

 

 

 

 

Another instance of mutual responsibility.  Yes, under Biden, there were walkbacks and probably some periods of shutdown, but that's only part of the story.  Similar approaches were taken under Trump, and it's reasonable to conclude that had Trump taken COVID seriously (no masks, no social responsibility, taking the vax, then hinting against it, following his Lysol idiocy and the friggin charade on the rotunda saluting a helicopter after he damn near died of the virus) then we would have had fewer restrictions later.  

 

Trump's inflation, frankly, is a continuation and an exacerbation of the Trump/Biden inflation that started in 2020 and that still has not been adequately addressed.  Now, Trump is compounding the problem by suggesting more free money (something that's free, of course, has no value) following his tariff/tax hike on American consumers.  All of the jive about "economic boom" and "increasing supply" isn't going anywhere when consumer confidence is in the pits.  Add in AI job cuts, and an otherwise contracting job market, and problems are on the horizon.  Meanwhile, the sycophants follow along with whatever crazy idea a guy who, if not in the public eye, probably would have issues keeping his driver's license comes up with.  The whole thing is madness.  

[Coffeesforclosers]

21 hours ago, Pokebball said:

Not sure price is the problem. Price is the reality. Simple supple vs demand.

 

You want to bring prices down, build more houses.

 

Doesn't matter how many you build if Private Equity immediately buys them at 50% above listing in straight cash.

[Wolfgang]

Remove millions of illegals, and property values drop precipitously...

 

Problem solved...

[Coffeesforclosers]

1 hour ago, Wolfgang said:

Remove millions of illegals, and property values drop precipitously...

 

Problem solved...

 

☝️ 

 

Works for Blackrock Capital...