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US Politics 21w
50 year mortgages are a bad thing…everyone knows that right? Like why is this even debatable
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8
upvote 54 downvote
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Anonymous 21w

the average american is far stupider than you could ever imagine

upvote 14 downvote
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Anonymous 21w

Some people think housing prices will go up because people will see that monthly payments have gone down

upvote 7 downvote
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Anonymous 21w

Americans are generally bad with finances, people will pick a lower monthly payment without any further thought The elite who profit off our illiteracy and keep us too poor to revolt will jump with joy if that becomes a thing

upvote 4 downvote
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Anonymous 21w

Why would you ever want a 50 year mortgage ever, if that’s the only thing you can afford just do everything you can to rent a house, apartment, etc. Buy a condo maybe if you want to buy??? Duplex if you can??

upvote 3 downvote
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Anonymous replying to -> #1 21w

Wait I misread this and thought it said “aren’t” oops

upvote 1 downvote
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Anonymous replying to -> #2 21w

Get low rate, pay extra each month, pay off sooner. Basically the bad credit method of unfucking credit but without the massive mandatory monthly payment.

upvote 1 downvote
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Anonymous replying to -> #4 21w

Unfortunately still will likely be too high. Need to address some of the real problems like mass home ownership by companies etc

upvote 1 downvote
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Anonymous replying to -> #5 21w

That’s my concern 😭 if they’ll take predatory loans they’ll take this

upvote 1 downvote