cm0002@libretechni.ca to United States | News & Politics@midwest.socialEnglish · 7 months ago50-Year Mortgages: Trump’s ‘Bad Deal’ Gets Respectful Hearing From Pressfair.orgexternal-linkmessage-square6fedilinkarrow-up135arrow-down11cross-posted to: pravda_news@news.abolish.capitalusa@lemmy.mlfediverse_vs_disinfo@lemmy.dbzer0.com
arrow-up134arrow-down1external-link50-Year Mortgages: Trump’s ‘Bad Deal’ Gets Respectful Hearing From Pressfair.orgcm0002@libretechni.ca to United States | News & Politics@midwest.socialEnglish · 7 months agomessage-square6fedilinkcross-posted to: pravda_news@news.abolish.capitalusa@lemmy.mlfediverse_vs_disinfo@lemmy.dbzer0.com
minus-squareSculptus Poe@lemmy.worldlinkfedilinkarrow-up17·7 months agoOkay, do a 50-year mortgage with 0 interest.
minus-squarehenfredemars@lemdro.idlinkfedilinkEnglisharrow-up4·7 months agoBut the 50-year is mostly interest!
minus-squareSculptus Poe@lemmy.worldlinkfedilinkarrow-up3·7 months agoYeah, that’s the scam… If they were really looking to fix housing, they would give everyone 50 year loans at 0 interest on one primary residence or just enough interest to cover the paperwork.
minus-squareBronzebeard@lemmy.ziplinkfedilinkarrow-up3·7 months agoThat would be amazing. Knock my payment from 2400/month to under 500
Okay, do a 50-year mortgage with 0 interest.
But the 50-year is mostly interest!
Yeah, that’s the scam… If they were really looking to fix housing, they would give everyone 50 year loans at 0 interest on one primary residence or just enough interest to cover the paperwork.
That would be amazing. Knock my payment from 2400/month to under 500