General Discussion

spooky3

(38,135 posts)

30. You left out some critical facts:

Tue Nov 11, 2025, 09:36 PM

Tuesday

1) HAMP was instituted to help homeOWNERs who already had mortgages they were having trouble affording, not prospective home BUYERS. It was to enable people to avoid foreclosure and being kicked out of homes. People who didn't own homes were not eligible. See your own Brookings link - there is no mention of this in the Wiki link. The Pulte/Trump plan appeared to be available to prospective buyers, to encourage more home sales. BIG DIFFERENCE.

2) I don't see any evidence that Obama or Democrats in general "endorsed" a 40 year mortgage. Some may have supported HAMP.

3) We learned something since the financial crisis in 2008. Several controls have been instituted. Even if 1) and 2) were untrue, someone could reasonably have supported the 40 year mortgage ~ 2009 but now believe 50 year mortgages would be a mistake.

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Jack Valentino

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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

This message was self-deleted by its author PeaceWave Tuesday #4

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

This message was self-deleted by its author 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

This message was self-deleted by its author 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

This message was self-deleted by its author PeaceWave Tuesday #10

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

This message was self-deleted by its author 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

This message was self-deleted by its author 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 Wednesday #36

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

This message was self-deleted by its author 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 Wednesday #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