Here are the 15, 30, and 50 year amortization tables for a $500k 6.5% loan. If you take the 50 year loan at age 30, by the time you turn 50, you will still owe $447,235 after paying 632,749 in usury. This is literal indentured servitude. Oh, & they own the house until you're done
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Replying to @treblewoe @sovereignbrah
Our first condo had a mortgage interest rate >10%. Once the economy improved, and we were ready, we bought a home with a mortgage ~7%. We moved after 20 years and bought a house with a 5% mortgage. Interest rates are dynamic and assuming no ability to refinance for the next 50 years is a losing bet. We need to facilitate our young people gaining a stake in our economy.

Nov 8, 2025 · 10:43 PM UTC

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Replying to @ElderlyGentlem1 @sovereignbrah
Now go back and add up how much interest you paid across all those loans for a single parcel. You got obliterated.
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Replying to @ElderlyGentlem1 @treblewoe @sovereignbrah
The alternative was renting, which was nearly as much on a monthly basis, but left us with zero equity.
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Replying to @ElderlyGentlem1 @treblewoe @sovereignbrah
Well said!
Replying to @ElderlyGentlem1 @treblewoe @sovereignbrah
Amen.
Replying to @ElderlyGentlem1 @treblewoe @sovereignbrah
"We need to facilitate our young people gaining a stake in our economy." 50-year-mortgages won't really help that, though. Lower prices would.
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Replying to @ElderlyGentlem1 @treblewoe @sovereignbrah
The best way to facilitate young people buying homes is to end usury and allow the free market to set prices they can afford without having to compete with people willing to indenture themselves for life to buy a house.
Replying to @ElderlyGentlem1 @treblewoe @sovereignbrah
Interest rates are never going back down, QE is never coming back and if it does it’s because we’re in the cusp of a massive crisis that will destroy the system
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Replying to @ElderlyGentlem1 @treblewoe @sovereignbrah
Boomers gonna boomer lol
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Replying to @ElderlyGentlem1 @treblewoe @sovereignbrah
If you actually wanted things to be more affordable, you’d be advocating for 10 year mortgages to be standard and 15 years to be the max. If you don’t understand this basic concept you’re too stupid to engage with.
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Replying to @ElderlyGentlem1 @treblewoe @sovereignbrah
My grandfather (who was drafted in WWII) bought his house at 19. Had it payed off by his 30s. He worked 2 jobs. A bus driver and maintenence for the school district. The jews are taking my people to finance hell. This is not OK. Have a backbone FFS.
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Replying to @ElderlyGentlem1 @treblewoe @sovereignbrah
there will always be interests on loan but your gaining equity long term. The young generation is only renting cause they cant afford mortgages it just makes sense then pay more toward principle monthly to lower it faster in 20-30 years.
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Replying to @ElderlyGentlem1 @treblewoe @sovereignbrah
What is your take on property tax? If the bank can take your home, why is the homeowner responsible for property tax? If there is no mortgage, and you don't pay property tax and the county can take your home, who really owns it?
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Replying to @ElderlyGentlem1 @treblewoe @sovereignbrah
Interest vs compound interest.
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Replying to @ElderlyGentlem1 @treblewoe @sovereignbrah
What was the sale price of your condo, and your first house?
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Replying to @ElderlyGentlem1 @treblewoe @sovereignbrah
This guy bought a 50k condo and wants to lecture.
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Replying to @ElderlyGentlem1 @treblewoe @sovereignbrah
@elderlgentlem1 has no clue. The comment below abt renting proves my point. Limited intelligence homeowner that has zero idea what owning RE entails (hint: it's now just the mortgage buddy) Financial illiteracy is a huge problem in USA
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