The idea financialisation can somehow fix the problem is so typical of these out of touch elites. All this will do is cause prices to go way up! (See Tokyo property bubble)
Pardon list out. Xweet linked below if you can't read the names. Got it from and Ed Martin Xweet. No MAGA left behind. And as Anna Bower noted, a lot of people involved in the GA fake elector scheme. All of whom are being tried at state level.
Thank you for posting this, because when I tried to verify the other day I could not find ANYTHING verifying this. Media suppression or incompetence on full display.
Funny story. I sorta knew the wife of this former NYPD cop that Trump pardoned who was working for the red Ginese. Her sister dated my older bro's good friend in the late 80s. So we'd bump into each other here & there. She was an actress on As The World Turns BITD President Donald Trump has issued a pardon for a former New York police sergeant, Michael McMahon, who was convicted of assisting China in an attempt to coerce an ex-official into returning to his home country. The case was a prominent example of US authorities' efforts to counter what they describe as Beijing's extensive attempts to suppress critics abroad. McMahon received an 18-month prison sentence this spring for his involvement in what a federal judge termed "a campaign of transnational repression." He consistently maintained his innocence, stating he was "unwittingly used" after taking what he believed to be a straightforward private-investigator assignment. McMahon asserted he was informed he was working for a Chinese construction company, not the nation's government.
"This is in line with the Trump administration's policy." - nice of them to spell out that racism is their policy. Removes any semblance of doubt.
Yeah, sure. Problem is, a shorter mortgage is less affordable, so you have to lower your standards and live in a dump for 15 years. Personally, I don't think renting and saving money to invest in a diversified manner is the worst strategy. Once you've saved enough that you can do a 10-year mortgage or less, then go for the home purchase. As long as you aren't still saddled with a mortgage when you retire, all good IMO. This whole 'you have to own a home/American Dream' that's pushed on us is a bit over-sold. The stock market goes up in value faster than real estate, even before factoring in interest payments. Also, and maybe this depends on the city, but in New York you'll be living in a nicer place and neighbourhood during those renting years too.
That's nice if you don't have student loans to pay off. And a high enough income that it is possible to save enough.
Of course. But the context of the discussion was people in a position to at least be able to consider buying a home. So, unless these are people putting the cart before the horse, they have no student loan and have saved a decent amount already.
https://www.wsj.com/world/europe/it...6?st=qu5YhK&reflink=desktopwebshare_permalink Due to national security concerns, Italy’s biggest pasta importer will no longer ship to America.
Not totally. The context was a 15 year v. 30 year v. 50 year home loans, and much each would be. I agree with rsl, but that doesn't mean I'm in a position to buy a home.
His whole post was about paying for a mortgage and paying for it with room to spare such that he could refinance with a higher monthly payment.
The context was that my wife and I were putting an extra $1k into the principal per month, but refinancing to a 15yr loan would have us paying about the same monthly but would pay off the house 7 years earlier and half the interest if we had stayed on the 30yr while cranking an extra grand into the principal monthly.
Yes - and also your related point was the longer loan is way more expensive! This whole thing is stupid. We've just seen an entire era where low interest rates (loan more afforable!) led to huge asset inflation because more buyers being able to borrow more money bids the house prices up. 50 year loans does not fix anything - it will just cause prices to go up, as more buyers will appear for the same stock If you want prices to come down, you have to have way more housing stock, which also helps in the rental market.
I listened to some interesting stuff from the US recently where in some markets they had made decent inroads on affordable housing - i forget where it was. There are related issues - like soaring building costs, and many of the boom cities simply don't have lots of free land to build housing like they did in the 70s Building endless low density suburbia with no transport or facilities is one way we go into this mess Also somehow we need to move a bunch of employment out of the boom cities
"Trump - whaddya do with the money?" "What money?" "The money your momma gave you for honesty lessons" https://bsky.app/profile/atrupar.com/post/3m5dgcsht2c2j
JFC the mind of a toddler who sticks forks in outlets https://bsky.app/profile/atrupar.com/post/3m5ctukbbe52h
It's strange how the same people who claim to understand the idea of supply and demand seem to fail to grasp it when it comes to property prices. It's almost like they have a vested interest in not understanding it when it leads to higher asset prices, which they just happen to have. Pure coincidence, I'm sure
I see a lot of people talking about fixing a problem. As far as the oligarchs are concrrned,this is not a problem.
Right, that's what I thought. So, basically people should structure their loan such that the monthly payments are pretty close to the cusp of what they can afford to limit the loss going to interest. At least up to a point (anything over 30 years is just idiotic).
How many people have a working life of 50 years? Doesn't this just push a lot of people to later retirement or selling up on the house they've lived in for most of their life?