Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

RockRaven

(18,421 posts)

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

Reply to applegrove (Original post)

Sun Nov 9, 2025, 12:46 AM

Nov 9

only ever pay them for the pretense of owning something some day in the future (beyond your natural lifespan).

Edit history

Please sign in to view edit histories.

Recommendations

10 members have recommended this reply (displayed in chronological order):

Coldwater applegrove Blue Full Moon musette_sf byronius SamKnause Docreed2003 markodochartaigh IzzaNuDay BeerBarrelPolka

40 replies

= new reply since forum marked as read

Highlight:

Trump likes 50 year mortgages rather than 30 year ones: [View all] applegrove Nov 9 OP

Their goal is to prevent you from owning anything. They can own it all, and you RockRaven Nov 9 #1

That is almost serfdom DBoon Nov 9 #31

Gee, that will shut up all those "affordability" whiners! pat_k Nov 9 #2

What next, interest payments only mortgages?? nt Disaffected Nov 9 #3

Interest-only mortgages were a fixture of predatory lending. pat_k Nov 9 #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 9 #14

Yeah, I forgot to add Disaffected Nov 9 #21

Could be worse - could be a negative amoritzation loan . . . hatrack Nov 9 #35

So basically, from Cradle 2 the Grave Coldwater Nov 9 #4

Almost nobody will ever be able to pay off their mortgage. Ocelot II Nov 9 #5

Also if you can't pay it off before you die (and most won't) then your estate/heirs RockRaven Nov 9 #10

This message was self-deleted by its author PeaceWave Nov 9 #7

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

This message was self-deleted by its author PeaceWave Nov 9 #11

It's still rather predatory. There are other means to make home ownership KPN Nov 9 #12

This message was self-deleted by its author PeaceWave Nov 9 #13

It is medieval serf living except the serfs, not the would be paying the taxes delisen Nov 9 #16

A 50 year loan is predatory. Bengus81 Nov 9 #17

I disagree. The whole housing market is increasingly predatory in recent years. KPN Nov 9 #22

This message was self-deleted by its author PeaceWave Nov 9 #25

You will pay for your whole life time dweller Nov 9 #8

I'll take the 15 year one. That's all I ever held on any of my sinkingfeeling Nov 9 #15

We did that too Bettie Nov 9 #20

Us as well Mossfern Nov 9 #26

This message was self-deleted by its author PeaceWave Nov 9 #27

And is the debt passed on to the next generation? milestogo Nov 9 #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 9 #23

One of the housing issues is that seniors are remaining in their homes allegorical oracle Nov 9 #19

+1 leftstreet Nov 9 #24

I read this on FB & there wasn't a link, so take it for what it's worth. CrispyQ Nov 9 #30

If it is done when someone is 30, they will be paying on it until they are 80 UpInArms Nov 9 #28

This message was self-deleted by its author PeaceWave Nov 9 #29

Some people value the freedom of renting over the financial benefits of owership. CrispyQ Nov 9 #32

I have been a lifelong renter BeerBarrelPolka Nov 9 #34

At age 80, you may never own your house. no_hypocrisy Nov 9 #33

It seems like this is a way to solve the employment crisis jmowreader Nov 9 #36

Which would I pick? Bristlecone Nov 9 #37

This is another stupid trump idea LetMyPeopleVote Nov 10 #38

It seems like the student loan fiasco where people these days pay applegrove Nov 10 #39

A 15 yr loan works out to $3,375/mo. 207.6K interest. Mosby Nov 10 #40