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louis-t

(24,530 posts)
12. Yeah, Pulte Builders was thrown out of Michigan many years ago.
Sat Nov 8, 2025, 03:35 PM
Saturday

The crap they built in the '80s needed much refurbishing after a few years. Particle board flooring with about 10 nails per room that swelled up the first time water hit it, very little insulation, no padding under the carpet, watered down paint, all to save $100 when building a $150,000 house. This was also a time when furnaces stopped using pilots and started using electronic ignitions. The heat exchangers were so thin they rusted through after a few years because pilot flames normally kept the area dry in damp Michigan basements. They did sort of invent the second floor laundry and are back building here again.

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Just to be sure hardly anyone will ever be able to pay it off. Ocelot II Saturday #1
And if they do, the banks will get about double the interest. highplainsdem Saturday #4
That sounds like what we call "rent" HAB911 Saturday #2
Yep, with property taxes! leftstreet Saturday #7
Imagine the interest paid over time on a 50 year mortgage. Raftergirl Saturday #3
I'm glad I paid off my house this year. kimbutgar Saturday #5
No one will ever own their home again. sinkingfeeling Saturday #6
Exactly! Not a single one of the 330 million plus PoindexterOglethorpe Saturday #8
That's hilarious as, in many parts of the country, housing is unaffordable sakabatou Saturday #9
That's the point edhopper Saturday #17
So I guess you would have to buy that first house at 15 The Madcap Saturday #10
Like reverse mortgages, 50 year mortgages are not something I'd do if I could avoid it. But others might. Silent Type Saturday #11
Yeah, Pulte Builders was thrown out of Michigan many years ago. louis-t Saturday #12
Canada briefly tried 40 year mortgages under Stephen Harper Fiendish Thingy Saturday #13
Yes, that worked really well for car loans . . . hatrack Saturday #14
The numbers bottomofthehill Saturday #15
Additionally the numbers bottomofthehill Saturday #16
It'll be so much easier for a default to happen during 5 decades Ilsa Saturday #18
It's like renting a home but you have to do all the maintenance and upkeep yourself NickB79 Saturday #19
Sold real estate for most of my 20's... WarGamer Saturday #20
Rentier capitalism Prairie Gates Saturday #21
A 50-year mortgage isn't rentier capitalism -- it's financial leverage. Abolishinist Sunday #22
This is another stupid trump idea LetMyPeopleVote Monday #23
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