The most prestigious law school admissions discussion board in the world.
|
 |
 
|
How do you guys feel about 50-year mortgages?
Poast new message in this thread
Date: November 8th, 2025 5:29 PM Author: smoky school https://x.com/kobeissiletter/status/1987265400548053290?s=46 (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413026) |
Date: November 8th, 2025 5:33 PM Author: Big genital piercing temple Not a fan.
Think of how much lower monthly payments would be on a 70 year mortgage.
If someone would be brave enough to push terms out over 100 years, we could open up affordable housing for nearly every American! |
|
Date: November 8th, 2025 5:35 PM Author: Azure Jet-lagged Dilemma Wagecucks lol, it's real
https://truthsocial.com/@realDonaldTrump/posts/115515420947464459
another successful money grab for jews under a kike president, mazel tov to avi and moishe |
|
Date: November 8th, 2025 5:36 PM Author: Comical Sick Internal Respiration Ceo by that logic why not have infinity mortgages that get passed on to kin and if no kin or will, the state? (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413041) |
 |
Date: November 8th, 2025 5:39 PM Author: Bronze Home Crotch Wow cr (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413043) |
|
Date: November 8th, 2025 5:41 PM Author: Rambunctious hissy fit (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413049) |
|
Date: November 9th, 2025 6:38 AM Author: cerebral resort (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413778) |
|
Date: November 8th, 2025 5:57 PM Author: Big genital piercing temple Love it.
It's how things used to work in the Mother Country. We should bring it back (along with a monarchy). |
|
Date: November 9th, 2025 3:02 PM Author: arousing scarlet volcanic crater (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414538) |
|
Date: November 9th, 2025 3:03 PM Author: Soggy house xo is really underestimating the gravity of what Trump is proposing (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414541) |
|
Date: November 8th, 2025 5:43 PM Author: Jet Market assuming a 6.5% rate either way, going from a 30 year mortgage to a 50 year mortgage reduces monthly payments by only around 10% (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413054) |
|
Date: November 8th, 2025 5:47 PM Author: smoky school lol not flame. Assuming a $500k principal:
30 years: $3,160 payment, $1,137,600 total paid 50 years: $2,855 payment, $1,713,00 total paid |
|
Date: November 8th, 2025 5:52 PM Author: Big genital piercing temple So you're agreeing that monthly payments are lower, thus enabling more people to be able to afford homes! (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413072) |
|
Date: November 8th, 2025 9:37 PM Author: Brilliant razzle philosopher-king This makes the optimistic assumption that the interest rate on the two mortgages will be the same. In reality, the interest rate on 50-year mortgages will be higher. My guess is that the payments will be nearly the same once you take that into account. I'm struggling to think of a situation where this type of loan makes sense. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413446) |
|
Date: November 9th, 2025 4:33 PM Author: Aphrodisiac parlour goyim Who benefits? (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414761) |
|
Date: November 10th, 2025 4:02 PM Author: white karate bbw (((them))) (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49417993) |
|
Date: November 8th, 2025 6:26 PM Author: Brilliant razzle philosopher-king And the rate won't be the same, either. Banks will demand a higher rate because they are taking the risk of keeping their money locked up for longer. I'm not sure how this makes sense even if Fannie and Freddie will buy these loans now. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413139) |
|
Date: November 8th, 2025 5:44 PM Author: Lemon drunken police squad seems good to me. you might have more dumb people buying things they shouldn't. but if you're a poor person with a family you are maybe able to get a level of stability that you didn't have before. and if the fed is gonna run things hotter than 2% inflation maybe it ends up being good to be a mortgage holder (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413055) |
|
Date: November 8th, 2025 5:53 PM Author: Azure Jet-lagged Dilemma Wagecucks this logic is easily applied to a 60 year mortgage too. you dumb goyim have zero spine.
this puts upward pressure on prices and benefits existing asset holders, and it steepens the amortization curve to benefit the banks. it does nothing to solve the actual problem with the housing market, which is low supply, it just benefits trump's boomer and jew base at the expense of everyone else. |
|
Date: November 8th, 2025 5:53 PM Author: flickering saffron kitty cat heaven (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413079) |
|
Date: November 8th, 2025 7:41 PM Author: Lemon drunken police squad thanks for your charitable reading. i agree that it will push up real estate prices. but i think it can still be good to provide credit to people who may not otherwise have access to it. the only real solution to housing long term is increasing supply, and cutting regulations and red tape that interfere with same (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413266) |
|
Date: November 8th, 2025 5:45 PM Author: flickering saffron kitty cat heaven This country could be so nice it's insane what we have yet it's all as horrible as it could be and getting worse by the minute (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413056) |
|
Date: November 8th, 2025 5:45 PM Author: Disgusting Prole GAY. Home prices will drop when illegals and visa are deported. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413057) |
|
Date: November 8th, 2025 5:59 PM Author: Concupiscible Love Of Her Life Anyone else have any bright ideas? (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413091) |
|
Date: November 8th, 2025 6:00 PM Author: Aromatic aqua stage deer antler financial satanism. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413092) |
|
Date: November 8th, 2025 6:02 PM Author: cordovan becky travel guidebook This is confusing because Donny Dealmaker said that affordability wasn’t actually an issue and the prices of everything are down.
So why do we need this? |
|
Date: November 8th, 2025 6:04 PM Author: Mustard university useless brakes i prefer being someones unpaid slave, like a servant to a king as long as king gives me a nice cottage on his land and health care. I think that would be a great idea (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413096) |
|
Date: November 8th, 2025 6:05 PM Author: Azure Jet-lagged Dilemma Wagecucks lmfao (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413099) |
|
Date: November 8th, 2025 6:17 PM Author: Big genital piercing temple Societies have successfully functioned that way far longer than we've had mortgages. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413123) |
|
Date: November 8th, 2025 9:22 PM Author: Soggy house In Asia they still don't allow foreigners to own property, they can only get leases. Crazy (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413431) |
|
Date: November 9th, 2025 3:56 PM Author: copper motley location striped hyena A federal law banning foreign ownership of American corporations, land and real estate would be the most Pareto optimal thing that can be done and actually make it treason and punishable by death if caught (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414693) |
|
Date: November 8th, 2025 6:17 PM Author: maroon supple hell (Anthony Albanese) (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413126) |
|
Date: November 8th, 2025 8:44 PM Author: canary box office electric furnace GOP is fully jewish now (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413379) |
|
Date: November 8th, 2025 8:48 PM Author: Soggy house It's not about the 50 year mortgages, it's about the means by which they will be effected. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413388) |
|
Date: November 8th, 2025 8:53 PM Author: Azure Jet-lagged Dilemma Wagecucks Fannie Mae removes 620 minimum credit score requirement
https://www.housingwire.com/articles/fannie-mae-credit-score-update/
Lol, another Jewish gimme |
|
Date: November 8th, 2025 9:05 PM Author: brindle friendly grandma gas station I’m not really an economics guy but home values are inflated by the amount people are able to borrow to buy them. Lenders look at cash flow to determine how much monthly payment borrowers can afford.
If we are lowering monthly payments by extending the term of the loans, won’t home prices just go up because borrowers can just borrow more money at the same monthly payment? |
|
Date: November 8th, 2025 9:11 PM Author: Soggy house Who cares if prices go up when the loan is for 50 years? (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413414) |
|
Date: November 8th, 2025 9:13 PM Author: brindle friendly grandma gas station Won’t that defeat the purpose of the whole thing? (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413421) |
|
Date: November 8th, 2025 9:14 PM Author: Soggy house The price would have to go up a lot to offset the ~50% lower monthly payments. This also implies that any home you buy will accrue equity while you own it (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413422) |
|
Date: November 8th, 2025 9:43 PM Author: Big genital piercing temple The problem with people like you is that you look too far into the "future" and consider "ramifications" of your actions.
You'll never succeed in public office with this mindset, bro. |
|
Date: November 8th, 2025 11:18 PM Author: Bronze Home Crotch (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413558) |
|
Date: November 8th, 2025 11:19 PM Author: Exhilarant fiercely-loyal locus yarmulke (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413560) |
|
Date: November 9th, 2025 7:36 AM Author: Transparent Passionate Reading Party Lay (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413827) |
|
Date: November 9th, 2025 2:33 PM Author: Bisexual honey-headed double fault (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414463) |
|
Date: November 9th, 2025 4:30 PM Author: Up-to-no-good Soul-stirring Ratface Business Firm (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414751) |
|
Date: November 9th, 2025 11:04 PM Author: Sable Nursing Home Nibblets (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49415773) |
|
Date: November 9th, 2025 4:31 PM Author: Up-to-no-good Soul-stirring Ratface Business Firm prices continued rising when rates were rising too (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414754) |
|
Date: November 8th, 2025 11:16 PM Author: Exhilarant fiercely-loyal locus yarmulke This is outright dystopian. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49413552) |
|
Date: November 9th, 2025 1:40 PM Author: haunting silver base Seems like you're just asking for the same thing that happened when they gave everyone free unlimited loans for grad degrees - prices skyrocketed.
I think the 2 fixes to the housing market would be:
1. Require all lenders including securitizations to allow people to transfer their loan terms. So if you have a $500,000 loan at 3% and go to buy a $1 mm house, you can still use that $500,000 loan at 3% as long as you pay the fees to subsitute the new property into the mortgage.
2. Just lower fucking mortgage loans to 5.0%. The government has their hands enough already in this market not sure why they can't just dictate that. |
|
Date: November 9th, 2025 2:28 PM Author: Brilliant razzle philosopher-king (economics masterman)
Yes, banks will absolutely continue to lend money at 5% to homeowners who might default when they could just buy 30-year Treasuries and get the same return risk-free. If you fix mortgage rates to 5%, the entire housing market will freeze up because banks will never lend money again. |
|
Date: November 9th, 2025 2:32 PM Author: haunting silver base ^^^Guy who thinks banks hold these loans on their books and doesn't raelize they're already quasi guaranteed by the government anyway (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414459) |
|
Date: November 9th, 2025 3:29 PM Author: Brilliant razzle philosopher-king Many times banks do hold them, actually, but that's beside the point. Nobody is going to buy mortgage-backed securities from Fannie or Freddie if they can get the same return risk-free by buying 30-year Treasuries.
And I haven't even gotten into the other reasons this idea is absolutely idiotic. If you let anyone borrow unlimited amounts of money at 5% to buy real estate, you will have every investor in the country buying second homes and rental properties. And if they aren't earning money on these investments, they know that they can just walk away and let the taxpayers bail them out. If you want to make the housing crisis about 100 times worse than it is already, then let the government fix mortgage rates at 5%. |
|
Date: November 9th, 2025 4:28 PM Author: haunting silver base This is all stupid.
You honestly think that the fed can meet and just pronounce that mortgage rates are going up or down a quarter point, but they couldn't find a mechanism to hold mortgage rates at 5%?
And obviously you wouldn't give the preferential rate for second properties. Not sure if you follow the news, but we already have a system in place for people to access cheap, government guaranteed mortgages so long as they're not second homes or rental properties... |
|
Date: November 9th, 2025 6:46 PM Author: Brilliant razzle philosopher-king I didn't realize I was arguing with an actual moron. Yes, of course the government could fix mortgage rates at 5%. The government could also spend $500 billion dollars to build a 50-story solid gold replica of Trump's cock. Just because the government can do something doesn't mean it should.
I shouldn't bother to respond to an actual idiot, but even mortgages owned by Fannie and Freddie are not formally guaranteed by the government. There is an understanding that the government will bail them out if shit really hits the fan (and the government did during ITE), and that keeps mortgage rates lower. But there is still some risk associated with these mortgages. If you make mortgage rates lower than the long-term Treasury rate, nobody is going to issue a mortgage, because you would have to accept greater risk for a lower return. That's precisely why mortgage rates tend to track long-term Treasury rates. This is all Econ 101 stuff. Maybe go read an economics textbook before pushing moronic ideas on xoxo. |
|
Date: November 9th, 2025 2:35 PM Author: Navy laughsome library candlestick maker Actual banks barely deal with residential mortgages anymore, most of them exited that business or heavily reduced it in the 2010s. It's mostly shitty shadow bank mortgage companies doing the lending now.
There's always some shitty hook nose to fill the gap. |
|
Date: November 9th, 2025 4:34 PM Author: Up-to-no-good Soul-stirring Ratface Business Firm this isn't something that can be solved by tweaking the numbers. we need to make developing property more affordable. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414765) |
|
Date: November 9th, 2025 4:36 PM Author: haunting silver base That's a problem, but there's also the problem that a significant amount of people are now in houses with sub 3.0% mortgages and those houses have not, and will not, turn over at a normal rate when interest rates are at 6%. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414769) |
|
Date: November 9th, 2025 4:51 PM Author: Up-to-no-good Soul-stirring Ratface Business Firm increasing the maximum loan length and decreasing interest both function to make borrowing more affordable on a monthly basis and would only serve to increase prices.
https://www.mortgagenewsdaily.com/data/existing-home-sales
existing homes are being sold at a rate in line with the historic average. housing sales increased during covid because people had more flexibility where they could work, wanted to leave cities that weren't offering the things people move to cities for, etc. |
|
Date: November 9th, 2025 4:35 PM Author: Electric ultramarine faggotry Yeah brother that's the entire point. The goal is to just subsidize demand so money printer can spin for extra couple years. Thats it (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414767) |
|
Date: November 9th, 2025 2:33 PM Author: Bisexual honey-headed double fault Just saw on X that Hitler capped mortgage rates at 4%, banned foreigners from buying and forgave 25% of a mortgage for each child born and the lower interest rate was contingent on the bitch wife not working
And they tell us Hitler was a "bad" man |
|
Date: November 9th, 2025 2:38 PM Author: mind-boggling gaping Now do Gaddafi (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414474) |
|
Date: November 9th, 2025 2:56 PM Author: Bisexual honey-headed double fault whoaaa, jews wld HATE this
Here is what the available information indicates about Gaddafi's housing finance policies:
## **Key Mortgage/Housing Policies Under Gaddafi**
| Policy | Description | Source | |--------|-------------|--------| | **Interest-Free Loans** | State-owned banks provided loans to citizens at **0% interest**, particularly to married couples. These were not conventional mortgages but direct government lending. | , , | | **State-Owned Banking** | All banks were state-owned, eliminating private sector mortgage lending. Housing finance was a government function, not a market mechanism. | , | | **Construction Support Laws** | **Law No. 2 of 1981** aimed to support construction, reconstruction, and encourage real estate investment. **Law No. 116 of 1972** provided residential subsidies. | | | **Rent Controls & Price Fixing** | Compulsory rent reductions of **30-40%** were mandated, along with statutory price controls on housing. | | | **Property Ownership Restrictions** | **Law 4/1978** limited individuals to **one house** only; additional properties were confiscated. This prevented speculative real estate investment and private rental markets. | |
## **How the System Worked**
Instead of a Western-style mortgage market, Gaddafi's Libya used: 1. **Direct state provision**: Government allocated housing units, often through employers or revolutionary committees 2. **Zero-interest loans**: For those who qualified (especially newlyweds), loans were interest-free but came with strict eligibility criteria 3. **No private lending**: No commercial banks or mortgage companies existed to offer market-rate home loans 4. **Construction subsidies**: The state directly funded housing construction, bypassing private developers
## **Limitations & Context**
**Post-Gaddafi housing crisis**: The 2025 CAHF report notes that Libya currently has a **"malfunctioning housing market"** with **"no access to long-term mortgage loans"** and a **"chronic housing shortage"** . This suggests Gaddafi's statist model **did not create sustainable housing finance institutions** that survived his regime.
**Bottom line**: Gaddafi eliminated interest and private property speculation, but the system relied entirely on state control rather than building a functional mortgage market. |
|
Date: November 9th, 2025 3:41 PM Author: Cracking pervert (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414670) |
|
Date: November 9th, 2025 4:02 PM Author: Puce cumskin It was literally grift and bribe economy though. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414705) |
|
Date: November 9th, 2025 2:40 PM Author: underhanded judgmental spot trust fund "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."
-tj |
|
Date: November 9th, 2025 3:17 PM Author: Light geriatric dopamine doctorate https://www.monticello.org/research-education/thomas-jefferson-encyclopedia/private-banks-spurious-quotation/ (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414577) |
|
Date: November 9th, 2025 3:20 PM Author: Soggy house https://online.hbs.edu/blog/post/time-value-of-money (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414605) |
|
Date: November 9th, 2025 3:39 PM Author: underhanded judgmental spot trust fund wow thanks hbs! tell me more im thirsty for financial knowledge! (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414662) |
|
Date: November 9th, 2025 3:57 PM Author: Soggy house Settle down it's just a link (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414694) |
|
Date: November 9th, 2025 9:19 PM Author: underhanded judgmental spot trust fund do you have a youtube video about the time value of money? (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49415378) |
|
Date: November 9th, 2025 4:01 PM Author: Puce cumskin I feel like GC will just ensure that the monthly payments will be roughly the same regardless of 30 or 50. We are past the point of rational pricing in society on things like that. GC’s goal is to strip-mine as much extra cash as a household gets so households don’t get ahead ever. |
|
Date: November 9th, 2025 4:32 PM Author: territorial lascivious dog poop if you pass a law that lets people spend even more money on an asset, i bet the price of that asset will go down. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414756) |
|
Date: November 9th, 2025 4:33 PM Author: cruel-hearted shrine ghastly policy
and Trump bragging that FDR created the 30yr mortgage is lol |
|
Date: November 9th, 2025 4:39 PM Author: Electric ultramarine faggotry He's just transparently throwing spaghetti at the wall trying to subsidize demand in any way possible to keep making stock number go up. Maybe I'll use my tarriffstimbux to pay 10% of the realtor fee on my 50 year mortgage American Dream (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414776) |
|
Date: November 9th, 2025 4:54 PM Author: Up-to-no-good Soul-stirring Ratface Business Firm what would you do in his shoes if you wanted to make purchasing a house more achievable for ordinary americans? doing something like federal government assistance in developing property might not be feasible.
i'm not saying that this is a good policy. but i'm not as cynical about his motivations. although i'm sure stimulating the economy regardless of the long-term consequences factors in too. |
|
Date: November 9th, 2025 5:04 PM Author: Bisexual honey-headed double fault how abt doing somethign crazy like building 10 entire new furking cities using federal land so there's free land for jew developers to build shit and then u have tax rebates and subsidies and stuff and u build subways and trains and shit connecting shit and then if tehy dont get immmediately occupied u call them GHOST CITIES and make documentaries on youtube how this is so stupid but then a year later they all get full of ppl and u dont have a housing crisis? (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49414832) |
|
Date: November 9th, 2025 5:06 PM Author: Up-to-no-good Soul-stirring Ratface Business Firm >doing something like federal government assistance in developing property might not be feasible
the government is currently shut down because of deadlock on the budget. trump can't just wave a magic wand and start funding massive development projects. |
|
Date: November 9th, 2025 9:09 PM Author: Azure Jet-lagged Dilemma Wagecucks - actually, meaningfully, lower taxes for middle class while taxing his wealthy friends
- eliminate tariffs and other price controls on building materials
- forgive student debt or eliminate interest on student debt
- job creation incentives including more grants, tech cities
Just the tip of the iceberg. Such a cuck response
|
|
Date: November 10th, 2025 8:17 AM Author: Electric ultramarine faggotry There are very few free wins. That's the point. If there were some easy solution that people could see the results of within 4 years it would've happened decades ago. The most significant free win is probably crushing the realtor cartel, but obviously that only saves you a few % at most. Any policies that might systematically make it more affordable for Americans to own home need decades to play out.
A 50 year mortgage, as pointed out above, is basically useless unless interest rates are near the historical lows of last decade. It only serves to take advantage of people too dumb to realize how shitty of a deal it is. If you want to subsidize demand at least do it by way of something like lowering taxes instead of taking advantage of proles. |
|
Date: November 10th, 2025 9:03 AM Author: Up-to-no-good Soul-stirring Ratface Business Firm potus cant unilaterally lower taxes. he can dictate hud policy.
im not saying this is a good policy. only that i think its possible that trump is looking for quick wins, and its not as cynically motivated as you're attributing it. maybe it is just rearrangle deck chairs on the titanic, but it's easier to rearrange deck chairs than patching a broken hull. |
|
Date: November 9th, 2025 6:50 PM Author: Brilliant razzle philosopher-king It's fascinating to me that a bort that generally leans conservative wants the government to get even more heavily involved in free markets once housing prices get high. I never thought I would see the day when Mamdani and xoxo are pushing the same dumb ideas. Why not try to eliminate zoning rules and fight NIMBYism to get more housing built? While you're at it, why don't you get rid of tariffs on imported building materials and make it easier to hire immigrants who are willing to build houses for cheap? But why trust free markets when you can just give people government handouts instead? (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49415014) |
|
Date: November 9th, 2025 7:07 PM Author: Up-to-no-good Soul-stirring Ratface Business Firm the federal government doesnt have much say in local nimby polices
lol @ this "conservative" pumo arguing for more illegal labor |
|
Date: November 9th, 2025 9:13 PM Author: Azure Jet-lagged Dilemma Wagecucks (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49415356) |
|
Date: November 9th, 2025 9:33 PM Author: Deranged heady mood den Don't shit up the board with this gay chat GPT nonsense. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49415415) |
|
Date: November 9th, 2025 11:18 PM Author: Azure Jet-lagged Dilemma Wagecucks (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49415797) |
|
Date: November 9th, 2025 9:43 PM Author: Up-to-no-good Soul-stirring Ratface Business Firm "expert (like you)"
lmfao oh boy opportunity zones! |
|
Date: November 9th, 2025 10:12 PM Author: Brilliant razzle philosopher-king I'm a free market conservative, not a MAGA white nationalist. My ideal immigration policy is close to open borders, because I don't think the government should be able to tell businesses who they are allowed to hire.
But that's beside the point. The only reason this labor is "illegal" is because of federal government polices. Create a visa for short-term unskilled labor. Exempt these visa holders from the minimum wage and other workforce protections to make sure that they are literally only taking jobs that Americans don't want. Create a database to make sure that they don't overstay their visas. A high percentage of undocumented immigrants in the U.S. would prefer to just do temporary work, send money back to their families, and then leave when their visa expires. But they can't do that, because we don't have a visa for short-term unskilled labor. If you want to build houses or pick crops, you have to either abuse a tourist visa or sneak in illegally. It's asinine. Even if you are opposed to increasing levels of immigration, allowing short-term unskilled foreign work is a net benefit for everyone involved.
And the federal government could easily pass legislation to make some kind of federal funding contingent on eliminating NIMBY policies. I would have to think about what form this legislation would take, but it could be done. And there is nothing to stop states or local governments from combating nimbyism if the feds won't do it. |
|
Date: November 9th, 2025 10:40 PM Author: Lemon drunken police squad interesting ideas on foreign workers getting a a temporary visa allowing no-minimum-wage, no-workforce-protection work, after which they would have to leave. i don't think it's close to practical though: we see how expensive and controversial it is to remove people who are illegally in the country. because many of them have built lives here, are known in their communities, have children here, etc.
if you have open borders you don't have a country any more. |
|
Date: November 10th, 2025 12:17 AM Author: Bisexual honey-headed double fault wat nigga? u dont allow these migrants to bring family, comp is responsible for their housing and monitoring them and u withhold 25% of salary until they leave
u also say if they maek babby in US its not a citizen
u cld even do something like say the employer share of FICA will be given as a bonus when they leave |
|
Date: November 10th, 2025 8:56 AM Author: Lemon drunken police squad thanks - I see. Then there'd just be a ton of single male foreigners working here, which also seems weird. I guess it "works" in the UAE but idk if they're the comp we should be reaching for. Anyway ty for the reply (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49416497) |
|
Date: November 10th, 2025 4:03 PM Author: Provocative Sapphire Ticket Booth These immigrants are already losing at least 25% of their comp by working under the table more cheaply than citizen labor. You'd have to withhold much more than 25% to compensate for the rise in wages they'd receive by working legally. Also, the gov isn't going to denaturalize the half white babies these guys make while they're working here. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49417997) |
|
Date: November 10th, 2025 12:16 AM Author: Bisexual honey-headed double fault half the furking world has short term migrant labor visas like that, not just dubai but singapore even kazakhstan ive seen. its highly retarded the US never did this, maybe they did with the bracero program but it ended
u also cld just withhold 25% of salaries until they leave, then u know they wont overstay
and they cant bring their furking families, they stay at worker dorms and comp is responsible for everything
simple as but US is retarded |
|
Date: November 10th, 2025 3:57 PM Author: Brilliant razzle philosopher-king As I said, a high percentage don't even want to stay in the U.S. They just want to earn some money and then go back to where their friends and families are. But you can add some combination of carrot and stick to make sure that people leave when their visa expires. If someone is exceptional and their employer wants to keep them long-term, there is always PERM. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49417978) |
|
Date: November 10th, 2025 7:47 PM Author: Lemon drunken police squad (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49418670) |
|
Date: November 10th, 2025 5:49 AM Author: offensive ebony idea he suggested persian if we make it interest only, it's just like rent, forever! (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49416300) |
|
Date: November 10th, 2025 9:05 AM Author: Dashing Mad-dog Skullcap I think far too many commenters who support them have a static, not dynamic, view of markets. Reducing monthly payments will increase demand and prices, reducing the savings they anticipate. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49416519) |
|
Date: November 10th, 2025 9:14 AM Author: Lemon drunken police squad I think far too many commenters who oppose them do so out of a knee-jerk luddite reaction to financial innovation and product, and don't consider that a long-term mortgage can be a valuable savings vehicle for the poor who would otherwise blow the excess on lottery tickets and gambling, and during a time of inflation especially, can be a smarter move than renting (as excess cash is invested in s&p rather than paid towards housing) (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49416530) |
|
Date: November 10th, 2025 11:22 AM Author: Exhilarant fiercely-loyal locus yarmulke Early on (here, the first few decades) these people would be paying overwhelmingly interest and building VERY little equity. These are also likely to be people who can't maintain a home and will let it degrade. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49416884) |
|
Date: November 10th, 2025 4:00 PM Author: Brilliant razzle philosopher-king The real problem is that there are maybe 300 people in the entire country who would qualify for a 50-year mortgage but not a 30-year mortgage. Once you take into account the fact that interest rates will be higher on a 50-year loan, the monthly payments are essentially the same. The only people this helps are the people whose monthly income falls just a $200-$300 short of what you needs to qualify for a 30-year loan. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49417987) |
|
Date: November 10th, 2025 7:50 PM Author: Lemon drunken police squad That adds up to a real number of people. Also, there were shrewd (or lucky) borrowers who got 30 year mortgages at 2% or whatever when rates were at the bottom. It's possible more people would have that good fortune if the 50 year instrument were available. Even if it doesn't change much, I say why wouldn't we want to have it available (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49418680) |
|
Date: November 12th, 2025 12:50 PM Author: Brilliant razzle philosopher-king Because every dumb prole goy will go for a 50-year loan to save $100 per month and then will have zero equity when they are ready to move in 10-15 years. For every person who is legitimately helped by a 50-year mortgage, there will be about 200-300 others who use it to fuck themselves. If you are old enough to remember 2008, interest only loans were all the rage back then. That turned out well. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49423269) |
|
Date: November 10th, 2025 11:31 AM Author: territorial lascivious dog poop why would 50 year mortgages solve the issue in housing, which is that there is too much money going after too few homes?
many people can afford high monthly payments. those are the ones buying homes. a person with a 50 year mortgage plan does not suddenly 'win' the bid over someone who also is bidding for the home. |
|
Date: November 10th, 2025 4:09 PM Author: bossy spectacular goal in life cr Trump needs to immediately order the building of new housing. big beautiful towers for people to live in. they could call them Trump Towers. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49418013) |
|
Date: November 10th, 2025 4:13 PM Author: Provocative Sapphire Ticket Booth We need more affordable housing in desirable places close to jobs. Get rid of all the shitlib regulations that slow development down and, at the same time, drive down the prices of building materials and labor. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49418023) |
|
Date: November 10th, 2025 4:17 PM Author: territorial lascivious dog poop No we don't. We need less housing in those places. We don't need to build a dozen chong ding pop. 20 million cities here. People just need to go where they can afford to live.
|
|
Date: November 10th, 2025 9:03 PM Author: Exhilarant fiercely-loyal locus yarmulke The biggest issue is that jobs are concentrated in a few places that, frankly, suck and are very expensive despite this. When WFH was more common suddenly a bright future appeared where people could move to various places, buy houses, and build a life. Then elites got huge frowny faces when they realized that this would make lib hellholes plummet in value and so RTO was introduced. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49419016) |
|
Date: November 10th, 2025 4:15 PM Author: Yellow Masturbator It’s crazy to me that the “elites” don’t understand how fucked the US is if proles can’t afford to own Land. It’s the only reason anyone ever cared about this place. (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49418027) |
|
Date: November 11th, 2025 11:52 AM Author: smoky school https://x.com/gtconway3d/status/1988232242875830668?s=46 (http://www.autoadmit.com/thread.php?thread_id=5795050&forum_id=2/#49420389) |