I don't consider Trump a dumb man but his 50 year mortgage idea is pure stupidity

[diamenz]

[Bill Gates]

I applaud MTG for her ability to go against MAGA, however if you have lived in your home for over 5 years, $500k of the sale is federally tax exempt. What she is talking about basically already exists.

[Bill Gates]

Should be noted that 15 year car loans are being proposed, since car prices are also way up there. Which is a horrid idea considering it is questionable that a car can even last 15 years.

[Real Men Wear Green]

MTG talking more and more like a liberal. I wonder if she would turn Democrat after 2 hours of introspective thought.

[Bill Gates]

The entire problem with the housing market is just a capitalism thing. It is a very simple issue of supply and demand. Low supply/high demand = high prices.

A REAL solution? The Gov should flat out give people financial help when buying a home based on their own personal income. A family of 4 making $80k a year total? That family needs real help, not work around help and tax deducations. They need actual money.

[ArbitraryWater]

This isn't the issue anyone is taking. While this potentially addresses more lower income people being able to afford housing on a month-to-month basis, it doesn't at all address the actual issue: housing prices themselves. More people in the market with less monthly burden could actually exacerbate this problem.

Bingo.

[ArbitraryWater]

The entire problem with the housing market is just a capitalism thing. It is a very simple issue of supply and demand. Low supply/high demand = high prices.

A REAL solution? The Gov should flat out give people financial help when buying a home based on their own personal income. A family of 4 making $80k a year total? That family needs real help, not work around help and tax deducations. They need actual money.

Since they cant just print extra money, where would you spend less?

The industry that does the most when cut is immigration

[Bill Gates]

Since they cant just print extra money, where would you spend less?

The industry that does the most when cut is immigration

Ideally it wouldn't come from printing up extra because that is inflationary. Ideally it would come from the tax dollars of the wealthy.

Healthcare needs the exact same help, it is becoming unafforable to the middle and lower classes.

Our tax dollars are much better off serving our own citizens in this way than building more stealth bombers.

[Baller234]

Wow you would think Trump is forcing people to take a 50 year loan with a gun to their head.

It's just another option. I have news for you, most buyers are going to consider this if it comes to fruition. The average person is only going to own their home for about 10-13 years before selling or moving. The length of the loan never mattered.

Every single person who purchases a property in current year will be in the green 10-13 years if they hold onto it. Yes they will be paying a lot of interest in the beginning, but who cares, they're also paying some principle. At least they're building equity. Beats paying a landlord.

The housing market is stagnant right now. This is just a means to get more people into the game. Does it address the root cause? No. Will it help some people? Probably. Like I said I bet you plenty of people will be tempted by the lower payment. This may give the market a mini jolt.

Anyone campaigning against this like it's the worst thing in the world is angling or it's because they hate Donald Trump. This would be a totally optional choice and it will result in more people being able to own a home. Obviously other things need to be addressed as well, but this might be something they could do to boost things in the short term.

I'm seriously struggling to even think of the downside. If you don't want to take out a 50 year mortgage, don't. Newsflash, at one point 30 year mortgages were seen as predatory. Then it became the new norm.

[ShawkFactory]

Wow you would think Trump is forcing people to take a 50 year loan with a gun to their head.

It's just another option. I have news for you, most buyers are going to consider this if it comes to fruition. The average person is only going to own their home for about 10-13 years before selling or moving. The length of the loan never mattered.

Every single person who purchases a property in current year will be in the green 10-13 years if they hold onto it. Yes they will be paying a lot of interest in the beginning, but who cares, they're also paying some principle. At least they're building equity. Beats paying a landlord.

The housing market is stagnant right now. This is just a means to get more people into the game. Does it address the root cause? No. Will it help some people? Probably. Like I said I bet you plenty of people will be tempted by the lower payment. This may give the market a mini jolt.

Anyone campaigning against this like it's the worst thing in the world is angling or it's because they hate Donald Trump. This would be a totally optional choice and it will result in more people being able to own a home. Obviously other things need to be addressed as well, but this might be something they could do to boost things in the short term.

I'm seriously struggling to even think of the downside. If you don't want to take out a 50 year mortgage, don't. Newsflash, at one point 30 year mortgages were seen as predatory. Then it became the new norm.

Did you even read the thread?

[Baller234]

Did you even read the thread?

I'm referring to MTG types, acting like it's some crime against humanity.

"In debt forever! In debt for life!" Her own words. She's trying to scare people. Nobody owns their home for 50 years anymore. It's just a means to help more people get in the door.

The price of real estate has nothing to do with asset managers and companies buying up homes. That's like a micropoint decimal fraction of homes. For MTG to even put that out there and campaign on that is laughable. "I'm fighting Blackrock!" Lol sure.

This 50 year mortgage thing is just an alternative for home buyers.

[Axe]

You're absolutely right. Younger people have given up dreaming of owning a home because they simply aren't affordable any more, compared to renting. It used to be the opposite. Renting was cheaper, or at worst, about the same as renting. Then again the average age of a single family home purchaser was 37 in 2000. In 2025 it's 56. That's nuts considering 25 years isn't a long time for such a rapid transition to take place.

Owning multiple single family homes is now a huge thing. Some of these people rely on it as a primary source of income. But to most it's just investment and passive income to those that are already mostly financially set. And it's not the big corporations buying up most of these homes even though that's what make headlines. Corporations own less than 2.5% of SFHs, the rest of the 27% investor owned single family homes in America are just regular people. Corporations are also selling more homes than they are buying right now too so they aren't biggest problem.

If the government wanted to make homes more affordable they'd add special taxes(slowly over a great span of time)to people who own more than 2 homes and rent them out. If they offered brief capital gains tax relief that would also shake loose a bunch of inventory, especially from those locked in with super low interest rates. That alone would have an immediate and huge impact on home affordability. But it goes against the free market and would infuriate hundreds of thousands of mom and pop investors. It's also uncertain how big of an impact millions of people losing equity in their homes would affect the economy.

Or maybe the best solution is to just sit and wait for home affordability goes through an organic correction. Boomers hold most of the private real estate in America and they will start to die off in droves within 5-10 years. Maybe that alone will help home affordability.

I'm sure lots of folks nowadays wish they could be 'expats' at a young age.

[ShawkFactory]

I'm referring to MTG types, acting like it's some crime against humanity.

"In debt forever! In debt for life!" Her own words. She's trying to scare people. Nobody owns their home for 50 years anymore. It's just a means to help more people get in the door.

The price of real estate has nothing to do with asset managers and companies buying up homes. That's like a micropoint decimal fraction of homes. For MTG to even put that out there and campaign on that is laughable. "I'm fighting Blackrock!" Lol sure.

This 50 year mortgage thing is just an alternative for home buyers.

You are the first person to mention MTG.

[Baller234]

You are the first person to mention MTG.

Uhh..

Did you miss the first post at the top of this page? The one with the huge screenshot?

Lol literally 3 posters on this page were talking about MTG.

[Hey Yo]

Uhh..

Did you miss the first post at the top of this page? The one with the huge screenshot?

Lol literally 3 posters on this page were talking about MTG.