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AZJonnie

(2,250 posts)

12. I'm mainly just complaining about the bullshit self-aggrandizement of putting Trump on a sign with FDR

Tue Nov 11, 2025, 04:18 PM

Tuesday

and comparing them both as "Great Presidents". Esp. when FDR had nothing to do with 30 year mortgages, and longer mortgages (over 30 years) have been bandied about for decades. It's not even CLOSE to his own idea.

I really don't care if 50 year mortgages (or 40 year ones) are "allowed" as long as there are still shorter ones. Not really my business. Consumers DO need to be well-informed, however, and I would be concerned that if there's suddenly 50 year mortgages due to their actions, the Trumputin-GQP axis will somehow make sure that they are available only from their cronies and campaign contributors and as deceptively-marketed, with the shittiest terms, possible.

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As a Party, how do we distance ourselves from 50 year mortgages under Trump while we embraced 40 year loans under Obama? [View all] PeaceWave Tuesday OP

Who cares? n/t leftstreet Tuesday #1

Very simple BeerBarrelPolka Tuesday #2

50 year mortgages are like reverse mortgages. No one should use them unless absolutely necessary. But agree with post. Silent Type Tuesday #3

No. A reverse mortgage depletes equity. A 50 year loan does not do so... PeaceWave Tuesday #4

Except sometimes folks have no choice. Silent Type Tuesday #5

An actual reverse mortgage is the worst of all possible choices... PeaceWave Tuesday #18

Yes,reverse M's tack on a lot of fees that eventually eat up all your equity, they are one of the worst bankster scams,. yaesu Tuesday #7

Agreed. From my perspective, reverse mortgages should be illegal. PeaceWave Tuesday #11

Don't see any evidence majority of Dems embraced 40 yr mortgages uponit7771 Tuesday #15

I never embraced 40 year mortgages pat_k Tuesday #6

Is the mortgage schedule part and parcel of the Democratic platform? Torchlight Tuesday #8

10 year difference. We don't have adequate renovation programs. The homes are too BIG. bucolic_frolic Tuesday #9

I can't speak for other states, but California has streamlined Alternative Dwelling Unit laws... PeaceWave Tuesday #10

I'm mainly just complaining about the bullshit self-aggrandizement of putting Trump on a sign with FDR AZJonnie Tuesday #12

These are all valid concerns. PeaceWave Tuesday #13

Link to majority Dems embracing 40 yr mortgages under Obama ...tia uponit7771 Tuesday #14

We? demmiblue Tuesday #16

40 year loans were not widely embraced under Obama. And Obama himself clearly did not embrace them. Wiz Imp Tuesday #17

Obama not only embraced 40 year loans, but HAMP loans were also nicknamed "Obama Loans" PeaceWave Tuesday #24

40 year mortgages were one element of a package of comprehensive reforms DBoon Tuesday #26

Bullshit. Wiz Imp Tuesday #29

The way we do it is to propose a national credit union that will make SIMPLE INTEREST home loans Volaris Tuesday #19

40+ year mortgages are SMART in the right market conditions... WarGamer Tuesday #20

Which is why I find it disturbing that anyone on our side would be advocating against such options... PeaceWave Tuesday #21

Lower payments doesn't mean more affordable Happy Hoosier Yesterday #36

It's a quesiton of affordability. So either fix wages or fix real property prices. flvegan Tuesday #22

Fine. But, neither wages nor real property prices are anything that banks can fix... PeaceWave Tuesday #23

I have no problem with 40 or 50 yr mortgages ... PBC_Democrat Tuesday #25

I hated the idea of a 40 yr mortgage then Sailingdiver Tuesday #27

Yes, a 50 year mortgage and the amount of interest paid over that period is insane. CentralMass Tuesday #28

You left out some critical facts: spooky3 Tuesday #30

I didn't know that I or we embraced 40 year loans Renew Deal Tuesday #31

The average voter doesn't know either newdeal2 Yesterday #35

But is there a universal problem or solution JT45242 Tuesday #32

THIS. You're actually providing one of the most substantive solutions to the current housing problem... PeaceWave Tuesday #34

Take a good look at the graph you reference in your OP. Totally Tunsie Tuesday #33