Whats going on in the World

Everyone I know who took 30 yr mortgages saw inflation make the payments trivial by the time they were 20 years in. That's why a 50yr is a good foot in the door so people can start building equity. Thanks to our fiat currency they'll be able to pay them off, or easily afford them by the time they're halfway through.

Your property taxes are a bigger threat to your home's affordability.

If you really want to give the young-uns a leg up, stop letting them saddle themselves with crazy college debt before they're even out the door. Who's hairbrained idea was that? Oh, yeah... Not Republicans.

And before you start the socialist bull$#it, the answer is not free college for everyone.
 
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Avenger said:
Everyone I know who took 30 yr mortgages saw inflation make the payments trivial by the time they were 20 years in. That's why a 50yr is a good foot in the door so people can start building equity. Thanks to our fiat currency they'll be able to pay them off, or easily afford them by the time they're halfway through.

If you really want to give the young-uns a leg up, stop letting them saddle themselves with crazy college debt before they're even out the door. Who's hairbrained idea was that? Oh, yeah... Not Republicans.

And before you start the socialist bull$#it, the answer is not free college for everyone.
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Trump’s 50 year mortgage idea is nothing less a ticking time bomb that will create another disaster down the road.

That’s why we don’t have a 50 year mortgage.

All it would do is spur home sales temporarily. That’s all Trump’s economy is built on, the here and now, and suckers that buy into his ideas. You’d have no equity in the house for many, many years. Any downturn in the housing market could make their homes worth less than they owe, and people would be walking away from the homes again like they did last time.

Run the numbers on a 50 year mortgage calculator at today’s rates of about 6.25%. It will make you puke.

Get interest rates down, and inflation under control by first getting rid of tariffs, another stupid F’ing idea of his.
 
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MakoMatt said:
Trump’s 50 year mortgage idea is nothing less a ticking time bomb that will create another disaster down the road.

That’s why we don’t have a 50 year mortgage.

All it would do is spur home sales temporarily. That’s all Trump’s economy is built on, the here and now. You’d have no equity in the house for many, many years. Any downturn in the housing market could make their homes worth less than they owe, and people would be walking away from the homes again like they did last time.

Run the numbers on a 50 year mortgage calculator at today’s rates of about 6.25%. It will make you puke.

Get interest rates down, and inflation under control by first getting rid of tariffs, another stupid F’ing idea of his.
Click to expand...

And all that happened with "safe" 30 yr mortgages. :unsure:

Here's an idea to prevent that from happening again. Don't force banks to loan money to people who can't pay it back, and don't bail them out with taxpayer money if they do.

Inflation is devaluation of currency. Something the previous administration excelled at. The inflation may have been transitory, but the devaluation remains. Tariffs may cause a small increase in prices, but mostly they're temporary negotiating tools that go away when trade deals are struck.

They're also being used to shift us away from dealing with malicious countries that violate all the rules, particularly environmental ones. I'd really be thrilled to pay more for American products. I'll take that over ChiCom stuff all day long. So, sorry, no cheap kiddie toys with lead paint anymore. 🙁

BTW, getting rid of the illegally imported labor that artificially suppresses wages in the U.S. is going to cost more too. The benefits of employing Americans far outweigh the costs. I'm okay with mowing my own lawn if I can't afford the landscaper.

BTW, bought a dozen eggs for less than $2 yesterday.
 
Avenger said:
And all that happened with "safe" 30 yr mortgages. :unsure:

Here's an idea to prevent that from happening again. Don't force banks to loan money to people who can't pay it back, and don't bail them out with taxpayer money if they do.

Inflation is devaluation of currency. Something the previous administration excelled at. The inflation may have been transitory, but the devaluation remains. Tariffs may cause a small increase in prices, but mostly they're temporary negotiating tools that go away when trade deals are struck.

They're also being used to shift us away from dealing with malicious countries that violate all the rules, particularly environmental ones. I'd really be thrilled to pay more for American products. I'll take that over ChiCom stuff all day long. So, sorry, no cheap kiddie toys with lead paint anymore. 🙁

BTW, getting rid of the illegally imported labor that artificially suppresses wages in the U.S. is going to cost more too. The benefits of employing Americans far outweigh the costs. I'm okay with mowing my own lawn if I can't afford the landscaper.

BTW, bought a dozen eggs for less than $2 yesterday.
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The price of eggs had nothing whatsoever to do so do with anything other than the bird flu. Millions upon millions of chickens had to be destroyed so that’s what made the cost of eggs rise. That’s pretty much over with, and healthy chickens are back to doing what they do, laying eggs.

And Trump just the other day was touting his accomplishments in bringing the price of eggs down. He’s retarded.

www.reuters.com

Explainer: How bird flu has sent US eggs prices skyrocketing

The price of eggs at U.S. grocery stores has climbed to a record high, nearly doubling from a year ago, as outbreaks of bird flu have led to shortages by wiping out millions of hens.
www.reuters.com www.reuters.com
 
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MakoMatt said:
The price of eggs had nothing whatsoever to do so do with anything other than the bird flu. Millions upon millions of chickens had to be destroyed so that’s what made the cost of eggs rise. That’s pretty much over with, and healthy chickens are back to doing what they do, laying eggs.

And Trump just the other day was touting his accomplishments in bringing the price of eggs down. He’s retarded.
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So, markets work. Got it. (y)
 
MakoMatt said:
You made it sound like Trump had something to do with lowering egg prices. Which he did not.
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You make it sound like Trump is responsible for high prices. The Biden administration tanked the currency. Prices were high before Trump took office, and unless he can deflate the currency, which everybody tells me is a bad thing, it's going to take a while for assets and wages to stabilize.

I wish he'd get us back on a gold standard, but the global banking cartel isn't going to allow that.
 
Avenger said:
And all that happened with "safe" 30 yr mortgages. :unsure:

Here's an idea to prevent that from happening again. Don't force banks to loan money to people who can't pay it back, and don't bail them out with taxpayer money if they do.

Inflation is devaluation of currency. Something the previous administration excelled at. The inflation may have been transitory, but the devaluation remains. Tariffs may cause a small increase in prices, but mostly they're temporary negotiating tools that go away when trade deals are struck.

They're also being used to shift us away from dealing with malicious countries that violate all the rules, particularly environmental ones. I'd really be thrilled to pay more for American products. I'll take that over ChiCom stuff all day long. So, sorry, no cheap kiddie toys with lead paint anymore. 🙁

BTW, getting rid of the illegally imported labor that artificially suppresses wages in the U.S. is going to cost more too. The benefits of employing Americans far outweigh the costs. I'm okay with mowing my own lawn if I can't afford the landscaper.

BTW, bought a dozen eggs for less than $2 yesterday.
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Inflation rose 20+ % in less than 4 years. The disaster we now face.
 
longcast said:
Inflation rose 20+ % in less than 4 years. The disaster we now face.
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As a result of coming out of COVID so quickly. Worldwide manufacturing & shipping had come to a standstill.

Supply & demand, basic economics. People wanted everything right away, but there was very little supply. Supply & demand drove inflation.
 
Breaking News on Trump, and the underage girls in the Epstein files.
Not good for Trump getting caught in his own lies.


clip.cafe

'Now Ned, them whores are going to tell different lies than you. And when their lies ain't...' - Unforgiven

Little Bill Daggett: Now Ned, them whores are going to tell different lies than you. And when their lies ain't the same as your lies... Well, I ain't gonna hurt no woman. But I'm gonna hurt you. And not gentle like before... but bad.
clip.cafe clip.cafe
 
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