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Serious question, why get a 30 year mortgage?
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Date: August 23rd, 2026 9:56 AM Author: Charismatic ebony old irish cottage Ive been looking for a bit and getting closer to pulling the trigger.
How do people do a 30year mortgage?
I'm debating between 1/3 to 1/2 down and getting a 30 year solely to keep the required payment non-material but I plan on paying twice the required P&I to finish it in 10 years.
I could not imagine buying a home with a 30 year loan where I need to make payments for 30 years and that payment is material enough where I cant just double it most of the time to end it quicker. |
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Date: August 23rd, 2026 10:00 AM Author: Sienna curious brunch karate Lower interest on a 15 year, and rates are high rn. I dont know if you get lower interest for 50% down, so shop around.
Interest rate is most of what you pay, so it matters a lot.
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Date: August 23rd, 2026 10:05 AM Author: Charismatic ebony old irish cottage 50 to 70 basis points doesnt really matter much when putting say 40% down and then making on top payments to reduce the duration.
Its like $100 a month (comparing a 15 year vs a 30 year with payments scheduled to end it in 10-15years) for the added flexibility of basically "not paying some payments" sometimes (ie just making the normal 30 year payment) |
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Date: August 23rd, 2026 10:37 AM Author: heady theatre When rates were below 3% it made sense to just prolong it. Idk what the economics are like now. (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086887) |
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Date: August 23rd, 2026 10:51 AM Author: Charismatic ebony old irish cottage ya I 100% getting a 30 year if 3.5% or less. Hell even 4%
But most of those people already had 30 and then refinanced. lol @ all these americans just buying homes maxing out their finances for the next 30 years.
I guess inflation/pay raises will ease that burden in 10-15 years, but still, a decade of being locked in like that. id killself |
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Date: August 23rd, 2026 12:43 PM Author: heady theatre wtf are you talking about? Refinancing is literally like being a renter getting to renegotiate lower rent. Taking the money you save each month via refi is more money you can invest. (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50087149) |
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Date: August 23rd, 2026 12:53 PM Author: Charismatic ebony old irish cottage pls reread. jesus of coursing refinancing to get a lower rate and payment is a good idea. what on earth make you think i disagree with that? jfc (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50087175) |
Date: August 23rd, 2026 9:58 AM Author: Jade Histrionic Location Antidepressant Drug Flexibility. Right now even with a high mortgage rate I can earn more in the market. (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086830) |
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Date: August 23rd, 2026 10:06 AM Author: Charismatic ebony old irish cottage with risk.
if i could get a treasury at 7%, id take out more loans for sure |
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Date: August 23rd, 2026 10:23 AM Author: Jade Histrionic Location Antidepressant Drug Yes investing involves "risk" but it's primarily risk of short term volatility. If ur not absolutely pouring money into equities ur NEVER gonna maek it. You don't need to go full Tommy Turdskin retardation, but recognize the ruling class will NEVER allow for a sustained downturn in equities. Inflation is HIGH and will remain HIGH, and therefore stocks will RISE. If stocks fall, Fed will CUT CUT CUT, mortgage rates will fall (at least briefly), you can refi, then stocks will BOOM again. (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086860) |
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Date: August 23rd, 2026 10:48 AM Author: Charismatic ebony old irish cottage ya but I also hate the idea of having to work in order to make my mortgage and other fixed cost payments. id rather just get the home paid off much quicker, still maxing 401k etc, and have the flexibility to work or not work and also not stress.
I literally have only worked a western job full time for a max of 3 years before wanting to quit and take a year off.
Plus, my current equities plus a home paid off in 10 years = more than enough to retire anyways. |
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Date: August 24th, 2026 8:55 AM Author: Lascivious Filthy Area “With risk,” sneered the DLA Piper of counsel. (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088769) |
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Date: August 24th, 2026 10:08 AM Author: Charismatic ebony old irish cottage fuck DLA. I will never work with them again (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088900) |
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Date: August 23rd, 2026 9:59 AM Author: contagious sable property it depends where you think interest rates are going. if you got a 30 year mortgage back when rates were 3% then you are golden now. if you get a 6.5% mortgage now and rates go to 12% then you'd also be golden.
but people who did a 7 or 10 year interest only loan when rates are low are now fucked when rates reset |
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Date: August 23rd, 2026 10:06 AM Author: Charismatic ebony old irish cottage 3% will never happen again in our life (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086845) |
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Date: August 23rd, 2026 10:00 AM Author: glittery house-broken boiling water https://www.investopedia.com/articles/personal-finance/042015/comparison-30year-vs-15year-mortgage.asp
30-year allows people with low HHI to be homeowners |
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Date: August 23rd, 2026 10:07 AM Author: Charismatic ebony old irish cottage yes basically this, which only pushes up the cost of housing which means they pay even more in interest and principal for the same house they could have got a 15 year mortgage if the 30 never existed.
so all these people pick 30 years cuz everyone is max striving their leverage? |
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Date: August 23rd, 2026 10:09 AM Author: glittery house-broken boiling water I think so, yes. (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086852) |
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Date: August 23rd, 2026 10:10 AM Author: Charismatic ebony old irish cottage well thank GOd and Jews for the mortgage backed security. (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086853) |
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Date: August 23rd, 2026 10:02 AM Author: bright resort It's not just a mortgage, the bank will also give you a free pen (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086836) |
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Date: August 23rd, 2026 2:45 PM Author: Flesh Concupiscible Sound Barrier (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50087422) |
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Date: August 24th, 2026 1:27 PM Author: Swashbuckling yarmulke (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50089447) |
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Date: August 23rd, 2026 10:03 AM Author: trip persian Yield maintenance fee means you do not save by paying early (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086838) |
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Date: August 23rd, 2026 10:06 AM Author: Charismatic ebony old irish cottage lol what (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086846) |
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Date: August 23rd, 2026 10:36 AM Author: trip persian Just read the fine print. It is uncommon in residential according to one poster with more real estate law experience than me, so maybe not a concern for you (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086883) |
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Date: August 23rd, 2026 10:36 AM Author: glittery house-broken boiling water My residential mortgage has no pre-payment penalty fwiw (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086884) |
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Date: August 23rd, 2026 10:48 AM Author: Charismatic ebony old irish cottage its literally illegal for residential, at least when i was working.
also fannie/freddie do not allow it so that basically means there is no market for it anyways legal or not |
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Date: August 23rd, 2026 11:01 AM Author: trip persian This is why you are a success in the legal profession and I am not -- i remember a concept from class but not the application (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086930) |
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Date: August 23rd, 2026 11:13 AM Author: Charismatic ebony old irish cottage im not a faggot lawyer (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086945) |
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Date: August 23rd, 2026 10:18 AM Author: contagious sable property ym is uncommon on residential loans (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086857) |
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Date: August 23rd, 2026 10:24 AM Author: Jade Histrionic Location Antidepressant Drug I love xo aka autoadmit.com (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086862) |
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Date: August 23rd, 2026 10:38 AM Author: bateful mildly autistic crackhouse It's a hedge against getting Fired like Gen X and having No Job for 60 months versus the interest rate delta on a 15 vs. 30 year.
Also, Normal Bros just spend literally all of their money except for whatever 3.875% 401k contribution they make. |
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Date: August 24th, 2026 8:46 AM Author: Razzle gas station mad-dog skullcap Second sentence is by far the truest thing poasted itt (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088763) |
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Date: August 24th, 2026 9:38 AM Author: Provocative hateful ticket booth mother Saving Money gives women the ick. you have to show an abundance mindset and act like there's always more money out there and you'll have no problem getting any of it. (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088839) |
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Date: August 24th, 2026 1:29 PM Author: Swashbuckling yarmulke this. although you may intend to add to principal regularly, having a mortgage a few hundred less can matter if things get tight (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50089452) |
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Date: August 23rd, 2026 10:39 AM Author: Fucking Fuckface I got a 15 yr at less than 2.4% (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086890) |
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Date: August 23rd, 2026 10:52 AM Author: Charismatic ebony old irish cottage yes my statement of course excluded govt handouts. id take a govt funded 2.4% rate too for 30 years if i could (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086914) |
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Date: August 23rd, 2026 10:40 AM Author: Brussels Sprout (Apropos of the Wet Snow) with interest rates so high now, like 75 basis points more than 6 months ago, u best be an all cash buyer (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086891) |
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Date: August 23rd, 2026 10:49 AM Author: Charismatic ebony old irish cottage 1/3 to 50% down depending on the homes we have looked at (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086910) |
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Date: August 23rd, 2026 10:53 AM Author: Brussels Sprout (Apropos of the Wet Snow) liquidate all your assets and buy house all cash 100%- ywia (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086916) |
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Date: August 23rd, 2026 10:55 AM Author: Charismatic ebony old irish cottage no. this is without touching my equities. only my uninvested cash (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086922) |
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Date: August 23rd, 2026 10:59 AM Author: Brussels Sprout (Apropos of the Wet Snow) I'm mostly cash rich, so I intend to avoid the pangs of outrageous usury-- also, all cash buyers get offer first accepted from seller (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086925) |
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Date: August 23rd, 2026 11:00 AM Author: Charismatic ebony old irish cottage ya id need to sell some stocks for that which I dont want to do. half cash seems like a good compromise for me. (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086928) |
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Date: August 23rd, 2026 11:03 AM Author: Brussels Sprout (Apropos of the Wet Snow) if u really like a property- be aggressive, bid over asking, no regrets--I've lost out on too many perfect homes by playing by the rules (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086933) |
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Date: August 23rd, 2026 11:15 AM Author: Charismatic ebony old irish cottage i literally never fall in love with a home, actually i only live in condos. this would be the first home and since ive lived in asia for so long, i dont even like 90% of these homes build post 2007. all big as fuck, empty opt spaces. fucking retarded. 4k sq ft for what? who has a family of 10? this is why your kids dont love u, they just go off in their each own spot.
2.5k sq feet for a family of 4-6 is plenty.
edit: I only love location. That is the 1 thing I pay a premium for and I am fine with it as that is a lifestyle and family thing. |
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Date: August 23rd, 2026 11:28 AM Author: Brussels Sprout (Apropos of the Wet Snow) I need land and privacy to build my music studio/bluegrass hut-- so different strokes. . good luck with your search (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086967) |
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Date: August 23rd, 2026 11:31 AM Author: Charismatic ebony old irish cottage now its down to mostly tax issues. plenty of available homes that are finally priced "correctly" where I want to buy (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086971) |
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Date: August 24th, 2026 9:29 AM Author: Brussels Sprout (Apropos of the Wet Snow) you can always refinance when or if the interest rates moderate -- who knows where interest rates will be 6 months from now when we could be in a recession (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088823) |
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Date: August 24th, 2026 10:17 AM Author: Charismatic ebony old irish cottage QE on that scale wont happen again interest rates will never dip below 4% who cares if they go lower. why set yourself up to be maxed out and in a stressed position where you need to grind to pay for your mortgage for years and years?
i litterally want a 30 year so that i can work for 1 or 2 years, take a year off or 1-2 years part time if i want, and the payment is still no big deal. And if i am full time cuz I want to be, I can just double the payment or whatever to knock it out in 10 years instead of 30. Which means if I do that for even 3 years, with 40% down, basically I can refinance in just 3 years for a new 30 year loan and the payment is basically nothing (P&I only).
How do Americans so easily position themself to be forced to grind. |
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Date: August 24th, 2026 10:21 AM Author: Brussels Sprout (Apropos of the Wet Snow) smart money has always leveraged to the max in buying a home-- well you can't do that exactly when interests rates are so high -- wait for them to drop and then go full tilt, say next spring (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088942) |
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Date: August 24th, 2026 10:31 AM Author: Charismatic ebony old irish cottage ya those smart money americans grinding for their homes and healthcare. i wish i was them!
lol @ networth maxing as a way to live life. As someone who has never worked more than 3 years in a row without taking at least 6 months off, I just cant wrap my brain around it |
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Date: August 23rd, 2026 10:53 AM Author: maize house It's not complicated.
30 year means you pay less each month. 15 year means you pay a lot more each month. The advantage of the 15 year is that you pay less overall interest and build up equity faster. The advantage of 30 years is that it's easier on the wallet and often allows you a nicer house.
I have a 30 year mortgage and didn't think twice about it. These are why:
1. More money to direct to investments in the market to grow faster. Which it has.
2. Over a 30 year period you will see significant housing appreciation so your equity grows for free regardless of how much of the mortgage you're paying down. Between 1996 and 2026, the US average house price rose by 200% on average nationwide. Note that between 1966 and 1996, the average house price rose by 550-600% (which is something I didn't know till just now but it does add perspective to the current housing market).
People with a 30 year mortgage often find that after about 7 or so years, they're sitting pretty, with a monthly mortgage declining in real value while their incomes have increased, and housing and equity gains also going up, so the urgency to pay it off isn't there unless you're a nerd. And especially paying off the mortgage doesn't mean you're off the hock. Taxes and insurance still have to be paid and for the typical homeowner that was probably a third of the overall mortgage payment.
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Date: August 23rd, 2026 11:00 AM Author: Charismatic ebony old irish cottage 1. Only makes sense if the mortgage is very small relative to your income. For example if you get a 30 year with a payment that is under 20% of your take-home so you can put more into equities, that makes sense, but I dont see it.
It seems people leverage as much as they can and then dont really impact that leverage for a decade in order to chase a bit more returns in the market.
But this is also why so Americans need to work for healthcare, which is just another LOL thing I will never understand. |
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Date: August 23rd, 2026 11:13 AM Author: maize house The people who leverage as much as possible aren't taking out 15 year mortgages, so it's a moot point.
I've known no shortage of people in HCOL who maxed out their 30 year mortgages budget to get into a decent house in a decent district and just about all of them had the five or so years of money being tight then as incomes went up and inflation went up while payments remained static, they've come out ahead and are doing well. |
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Date: August 23rd, 2026 11:17 AM Author: Charismatic ebony old irish cottage No. I mean 30 year mortgage folks who take it out and lock themselves for aggressive payments for the next decade. Its maddness to me.
Ya but they were also forced to work that entire period. What if they wanted to take 6 months or a year off to enjoy life? I couldnt imagine not having that flexibility just to get a bigger home. |
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Date: August 23rd, 2026 11:18 AM Author: exhilarant translucent parlour psychic obviously it's just about rates. I would pay only a bit over 25% more per month on a 15 year mortgage than a 30. even when rates were 4% this was a much bigger difference (close to 50%), much less the lucky fuckers who locked down a 3.25 or below. (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086954) |
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Date: August 23rd, 2026 11:20 AM Author: Charismatic ebony old irish cottage if you cant afford to pay 25% more, can you really afford the house? (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50086957) |
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Date: August 23rd, 2026 3:30 PM Author: Metal Travel Guidebook some people cant afford anything more per month. its all about the monthly payment while fulfilling the dream of being a home owner (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50087531) |
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Date: August 24th, 2026 5:20 AM Author: Charismatic ebony old irish cottage ya. I dont understand leveraging yourself like this.
I guess the fact that the US hasnt had a recession since 2007 has helped. |
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Date: August 23rd, 2026 3:39 PM Author: Milky buck-toothed puppy Jews maek more under 30y, wtf are u denying them that? U sound like a fking anti semite who hates Israel and im reporting this poast to the ADL (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50087538) |
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Date: August 23rd, 2026 4:03 PM Author: Smoky principal's office cuckoldry You've got untreated AIDS and you'll be dead in <5 years (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50087558) |
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Date: August 24th, 2026 5:21 AM Author: Charismatic ebony old irish cottage Checked 10 days ago. All clear friend. Thank you US AID (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088613) |
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Date: August 23rd, 2026 7:45 PM Author: black piazza It's quasi-subsidized money and the only way that most people have access to capital.
Think of it this way - most banks and sophisticated investment firms purchase real estate on loans with higher interest rates and huge balloon payments (the loans are 10 years but amoritzation is often 30 years).
Why wouldn't you do the same thing that Blackstone is doing with its real estate portfolio, especially if you're getting 2% lower rates than they are... |
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Date: August 24th, 2026 8:53 AM Author: Razzle gas station mad-dog skullcap Guys at my high school just did what blackstone does all the time, it was nbd (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088767) |
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Date: August 23rd, 2026 9:20 PM Author: Mind-boggling ungodly den cuckold My mortgage is under 3%, so getting it down to ~2.5% on a 15 didn't seem worthwhile. Depends on what the difference between 15 and 30 is and how tough the extra payments will be for you. (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088135) |
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Date: August 24th, 2026 5:21 AM Author: Charismatic ebony old irish cottage I thought I made this point clear. I am talking about getting a 30 year mortgage with a payment that is basically your max and u'd be under financial stress if you lost your job for 6 months.
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Date: August 24th, 2026 5:15 PM Author: Mind-boggling ungodly den cuckold That is a bad idea generally. Sounds like you should get a cheaper house. (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50090099) |
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Date: August 24th, 2026 5:24 PM Author: Charismatic ebony old irish cottage Good point (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50090132) |
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Date: August 23rd, 2026 9:29 PM Author: Smoky principal's office cuckoldry It's so crazy. I don't get it either (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088156) |
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Date: August 24th, 2026 7:42 AM Author: Smoky principal's office cuckoldry OP was your confusion ever allayed? Or are you still bewildered? (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088688) |
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Date: August 24th, 2026 8:03 AM Author: Charismatic ebony old irish cottage people like to max out their financial ability to buy a home and then are forced to grind away for healthcare and housing. thats the takeaway. and that everything will be ok because things only get better (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088703) |
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Date: August 24th, 2026 8:43 AM Author: Smoky principal's office cuckoldry So you're still confused (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088758) |
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Date: August 24th, 2026 10:09 AM Author: Charismatic ebony old irish cottage i guess so. i wish someone would explain that its other than trying to leverage max to get the most house possible and yolo its ok to put urself in a position where you must grind for the next decade even if u dont like ur job.
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Date: August 24th, 2026 10:21 AM Author: Smoky principal's office cuckoldry I suspect money has time value but I'm not an economist (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088944) |
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Date: August 24th, 2026 7:51 AM Author: alcoholic heaven Because most people don't intend to live in that home for 30 years. They're banking on having enough equity from paydown + appreciation to sell and buy their final home in cash when they're ready to retire.
Yes, it amortizes worse than a 15 year mortgage, but people with families will make that trade off to buy a more expensive house so they can be in a better neighborhood. |
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Date: August 24th, 2026 8:04 AM Author: Charismatic ebony old irish cottage right. so maxing out finances. that the part (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088704) |
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Date: August 24th, 2026 9:31 AM Author: Plum electric codepig factory reset button OP is still bewildered by this (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088827) |
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Date: August 24th, 2026 10:11 AM Author: Charismatic ebony old irish cottage It seems to be leverage max and accept grinding.
Im more bewildered why so many people want that. |
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Date: August 24th, 2026 10:12 AM Author: Sepia toaster he's always in an aggressive state of confusion (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088911) |
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Date: August 24th, 2026 10:18 AM Author: Charismatic ebony old irish cottage fair enough. My housing cost is currently 15% of my post tax take home. I dont get people willing to do 40%. I am very confused by that (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088935) |
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Date: August 24th, 2026 9:35 AM Author: Aphrodisiac Meetinghouse In late 2021 I was told by everyone not to buy my House because the market would “correct” soon.
Against the grain, and with my trademark iconoclastic irreverence and intuitive grasp of The Truth, I dismissed my interlocutors and forged ahead with my signature. Now I have a 3% rate, a PITI that is sub-20% of my income, and a generously overvalued Zestimate that allows me to boast of an additional $200k in Equity growth since the fateful purchase. |
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Date: August 24th, 2026 9:42 AM Author: Provocative hateful ticket booth mother last time you Had Sex? (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088852) |
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Date: August 24th, 2026 12:01 PM Author: Aphrodisiac Meetinghouse I fail to see how that's relevant. (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50089157) |
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Date: August 24th, 2026 10:10 AM Author: Charismatic ebony old irish cottage in 2021 people said that? wasnt rates still retarded low? i dont remember any correction talk until 2022.
ya 3% full makes sense and i understand that as i have said many times. so u are pointing out an example i am not talking about. ty |
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Date: August 24th, 2026 10:24 AM Author: Lascivious Filthy Area But prices were really high. They peaked ~2022, so XO was close to correct on prices, but enormously retarded because of the interest rate rise. (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088953) |
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Date: August 24th, 2026 10:34 AM Author: Charismatic ebony old irish cottage to be fair, for a housing correction, u need both high rates and forced selling. without forced selling, u just get a flat market that adjusts over time in real terms.
WA, CO, TX, TN, ID, and non Miami FL have some forced selling due to remote work ending and some of those markets have certainly got hammered, but no recession so its only in the remote work pockets. a recession i think would make those remote work pockets the norm |
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Date: August 24th, 2026 11:33 AM Author: Provocative hateful ticket booth mother the interest rate raise was directly downstream from the crazy inflation that followed when they went full ZIRP + printing press because of "covid"
like every major fucking problem right now can be traced to covid hysteria, every single one |
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Date: August 24th, 2026 11:35 AM Author: Charismatic ebony old irish cottage You can say Jews here (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50089100) |
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Date: August 24th, 2026 10:21 AM Author: Smoky principal's office cuckoldry OP are you still bewildered? (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088946) |
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Date: August 24th, 2026 10:22 AM Author: alcoholic heaven He literally has AIDS (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088950) |
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Date: August 24th, 2026 10:24 AM Author: Lascivious Filthy Area That explains why he’s averse to 30-year notes (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088956) |
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Date: August 24th, 2026 10:24 AM Author: Sepia toaster (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088958) |
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Date: August 24th, 2026 10:34 AM Author: Charismatic ebony old irish cottage Yes. Just like I am bewildered why Americans accept that their healthcare decisions are made by their employer lol.
Some things are just American and only understood by Americans who have never been abroad |
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Date: August 24th, 2026 10:36 AM Author: Smoky principal's office cuckoldry OP are you still gobsmacked? (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50088989) |
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Date: August 24th, 2026 10:45 AM Author: big offensive church building When I bought in 2021 I got a 2.9% rate on a 30-year, and the best anyone could find me on a 15-year was like 2.85%.
I was in the opposite of your position--wondering why anyone would do the 15--but from the perspective of a non-retard. |
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Date: August 24th, 2026 10:46 AM Author: Charismatic ebony old irish cottage ty for missing my entire point as I have said many times ITT.
its more about leveraging yourself to the max, rather than your rate. Limiting your financial flexibility in exchange for more home.
Americans dont even understand flexibility lol. I bet all you guys take like 2 weeks of vacation a year haha |
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Date: August 24th, 2026 11:01 AM Author: big offensive church building I pay the equivalent of 3 extra monthly payments per year in order to scratch my Dave Ramsey prole itch.
The reality is you should welcome 2.9% debt and actively seek out more of it. If you don't understand that / yearn deeply for yelling "we're debt-free!!" into a phone receiver with your fat wife, then I'm not even going to judge; I get it. Just don't make threads mocking objectively superior financial choices. |
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Date: August 24th, 2026 11:05 AM Author: Charismatic ebony old irish cottage pls link to where I said dont take 2.9%. Multiple times ITT already I said one should take that as much as they can.
Its like you cant read or choose not to read. |
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Date: August 24th, 2026 12:58 PM Author: big offensive church building Bro I'm not reading a full thread of thoughts by someone who "Serious[ly] question[s ] why [someone would] get a 30 year mortgage." (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50089335) |
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Date: August 24th, 2026 1:01 PM Author: gunneratttt (gunneratttt) (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50089345) |
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Date: August 24th, 2026 1:06 PM Author: Charismatic ebony old irish cottage I literally explained in the OP that I was referring to those who MAX OUT their payment and lose flexibility, but I guess reading the OP is too much today.
I even state in the OP that I WILL LIKELY GET A 30 YEAR. But whatever, again its the OP, it wasnt in the title. |
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Date: August 24th, 2026 10:47 AM Author: Smoky principal's office cuckoldry OP did you ever figure out how mortgages work? (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50089007) |
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Date: August 24th, 2026 10:49 AM Author: Charismatic ebony old irish cottage ya considering I worked in them for many years, I think I finally figured it out. (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50089011) |
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Date: August 24th, 2026 11:45 AM Author: gunneratttt (gunneratttt) Why are you considering buying? I thought the REbubble was bursting? (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50089120) |
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Date: August 24th, 2026 11:54 AM Author: Charismatic ebony old irish cottage It has been in many markets. Prices are down 10-15% since highs and can probably put in an offer 5% less than asking for multiple properties and get one to close. (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50089139) |
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Date: August 24th, 2026 1:03 PM Author: gunneratttt (gunneratttt) Wrong but even then they're still up like 50% since you began saying you're waiting for the crash, thus you've rented for 5 years and are still going to pay more and borrow at double the rate you could have (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50089348) |
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Date: August 24th, 2026 1:07 PM Author: Charismatic ebony old irish cottage ya ok im just looking at home and know the market but sure u know exactly how homes are in this market. lol kikes
I am totally ok with the whole renting thing. Ive lived in 5 different countries. lol I cant buy 5 homes fag |
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Date: August 24th, 2026 1:09 PM Author: Sepia toaster lol you're taking out a mortgage on some jungle gook bamboo hut (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50089373) |
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Date: August 24th, 2026 1:09 PM Author: gunneratttt (gunneratttt) Why do you think you "know the market" when you predicted a crash and are now considering buying at a higher price and borrowing at a higher rate? Why can't you just admit you were wrong? (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50089378) |
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Date: August 24th, 2026 1:11 PM Author: Sepia toaster nah bro, you do get it. He's been sitting on cold hard Thai cash waiting for the market to tank 90% so he can swoop in like a real estate eagle and buy up everything for cheap nigga (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50089385) |
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Date: August 24th, 2026 1:13 PM Author: Charismatic ebony old irish cottage ?
I've been living in many countries enjoying life. Now at a point where it makes a bit more sense to be fixed and prices are down 10% already. If I buy soon. even if they go down more later, it doesnt really matter. |
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Date: August 24th, 2026 1:16 PM Author: Sepia toaster ok nyuug (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50089407) |
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Date: August 24th, 2026 1:20 PM Author: Charismatic ebony old irish cottage ? TT6 bro. I've posted pics of different countries I have lived in. ok pumo (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50089423) |
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Date: August 24th, 2026 1:19 PM Author: gunneratttt (gunneratttt) You know, no one really "knows" how the market is going to go. Your prediction on how the markets were going to go in 2021 wasn't illogical. The future is always uncertain, which is why there's so few people that beat the market even after a tremendous amount of research.
Why can't you just admit that you were wrong? Instead you're still arrogantly saying you know better than all the people that made financially superior decisions? |
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Date: August 24th, 2026 12:29 PM Author: Smoky principal's office cuckoldry OP did you ever figure why people take out mortgages? (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50089235) |
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Date: August 24th, 2026 1:07 PM Author: Charismatic ebony old irish cottage (https://xoxohth.com/thread.php?thread_id=5896238&forum_id=2#50089362) |
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Date: August 24th, 2026 1:37 PM Author: Plum electric codepig factory reset button The 30-year mortgage is social technology. The US built the longest-term fixed-rate debt instrument in human history and called it housing policy. Every other country has variable rates or shorter amortizations because they understand that locking in a rate for three decades is economically absurd unless you are the borrower. The bank would rather refinance you at 8% than hold your 3% note, but the system forces them to take it.
The real question is whether you are optimizing for mathematical efficiency or optionality. The 30-year with aggressive paydown gives you a ceiling on your downside while keeping the door open to walk away. The 15-year is a commitment to staying in place. It assumes you know where you will live and what you will do for the next decade and a half. That is a bold assumption in an economy where job tenure is collapsing and geographic arbitrage is the single best wealth-building strategy.
The people who leveraged at 2.9% in 2021 were not wrong. They bought the cheapest long-duration fixed income instrument available and deployed the spread into equities. The people who are buying at 6.5% now are paying for that optionality at a much steeper price. The arbitrage window is closing, which is the point nobody wants to admit because they are emotionally committed to the house hunt. |
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Date: August 24th, 2026 1:45 PM Author: Charismatic ebony old irish cottage I 100% agree with you.
That is why in the OP, I said I will likely do the 30 year with aggressive paydowns.
I dont disagree with anything you said. |