If gubmint green lights 50 year mortgages real estate is going to catch a fat bid.
All the average person cares about is the monthly payment. Many will be delusional enough to think housing is “affordable” again and have all kinds of retarded justifications on why they should sign the 50 year note.
Clown world still printing ATHs 📈
i was thinking about this earlier today. i don’t think most people understand the amortization schedule. they’re just gonna be sold a lower monthly payment by their friendly mortgage broker. in reality they’re being cheated out of any chance equity, collectively contributing to a bailout for banks in the form of increased interest, and further locking themselves into debt slavery.
Hey man, if they’re dumb enough to sign the papers it’s on them.
I know some early 20s kids who went out and financed huge stupid diesel trucks for 50k and are paying almost $1000/month. Exact same people will sign these garbage mortgage products. But ultimately it’s their choice and their failure to think critically and do basic math / reasoning.
yes but i still have empathy for people. they’re not setup for success. you don’t learn this shit unless you self educate. these credit products are extremely predatory.
and to think - it’s all intentionally designed that way.
Yeah I’ve really lost patience for people who refuse to think adequately.
In the end for me it always comes back to personal responsibility. I am a personal responsibility maximalist now. Done feeling sorry for people who refuse to help themselves. That’s just me though.
Are the crap houses going to be built better tho? Hehe
Nothing will change except a new segment of consumer debt will be unlocked. Fiat games, scraping the bottom of the barrel ⌛️
Sounds like a great idea 😅
It’s a great idea for the people at the top 😂
This is bonkers 
