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applegrove

(132,519 posts)

39. It seems like the student loan fiasco where people these days pay

Reply to LetMyPeopleVote (Reply #38)

Mon Nov 10, 2025, 08:58 PM

Nov 2025

for student loans until they are 60. Like the old model of the company store in the company town. It is like colonialism. 50 year mortgages rather than 30 year ones. A bad idea.

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Trump likes 50 year mortgages rather than 30 year ones: [View all] applegrove Nov 2025 OP

Their goal is to prevent you from owning anything. They can own it all, and you RockRaven Nov 2025 #1

That is almost serfdom DBoon Nov 2025 #31

Gee, that will shut up all those "affordability" whiners! pat_k Nov 2025 #2

What next, interest payments only mortgages?? nt Disaffected Nov 2025 #3

Interest-only mortgages were a fixture of predatory lending. pat_k Nov 2025 #6

We got stuck in one of those. Took a long time to get out of it because the bubble burst. But we made it out. C Moon Nov 2025 #14

Yeah, I forgot to add Disaffected Nov 2025 #21

Could be worse - could be a negative amoritzation loan . . . hatrack Nov 2025 #35

So basically, from Cradle 2 the Grave Coldwater Nov 2025 #4

Almost nobody will ever be able to pay off their mortgage. Ocelot II Nov 2025 #5

Also if you can't pay it off before you die (and most won't) then your estate/heirs RockRaven Nov 2025 #10

This message was self-deleted by its author PeaceWave Nov 2025 #7

Maybe so, but it's a patch that doesn't really help people. Morbius Nov 2025 #9

This message was self-deleted by its author PeaceWave Nov 2025 #11

It's still rather predatory. There are other means to make home ownership KPN Nov 2025 #12

This message was self-deleted by its author PeaceWave Nov 2025 #13

It is medieval serf living except the serfs, not the would be paying the taxes delisen Nov 2025 #16

A 50 year loan is predatory. Bengus81 Nov 2025 #17

I disagree. The whole housing market is increasingly predatory in recent years. KPN Nov 2025 #22

This message was self-deleted by its author PeaceWave Nov 2025 #25

You will pay for your whole life time dweller Nov 2025 #8

I'll take the 15 year one. That's all I ever held on any of my sinkingfeeling Nov 2025 #15

We did that too Bettie Nov 2025 #20

Us as well Mossfern Nov 2025 #26

This message was self-deleted by its author PeaceWave Nov 2025 #27

And is the debt passed on to the next generation? milestogo Nov 2025 #18

If it's unpaid, the lender holds the title to the home. So in that sense, no. But from the standpoint of leaving KPN Nov 2025 #23

One of the housing issues is that seniors are remaining in their homes allegorical oracle Nov 2025 #19

+1 leftstreet Nov 2025 #24

I read this on FB & there wasn't a link, so take it for what it's worth. CrispyQ Nov 2025 #30

If it is done when someone is 30, they will be paying on it until they are 80 UpInArms Nov 2025 #28

This message was self-deleted by its author PeaceWave Nov 2025 #29

Some people value the freedom of renting over the financial benefits of owership. CrispyQ Nov 2025 #32

I have been a lifelong renter BeerBarrelPolka Nov 2025 #34

At age 80, you may never own your house. no_hypocrisy Nov 2025 #33

It seems like this is a way to solve the employment crisis jmowreader Nov 2025 #36

Which would I pick? Bristlecone Nov 2025 #37

This is another stupid trump idea LetMyPeopleVote Nov 2025 #38

It seems like the student loan fiasco where people these days pay applegrove Nov 2025 #39

A 15 yr loan works out to $3,375/mo. 207.6K interest. Mosby Nov 2025 #40