A 50 year mortgage..

[CptTrips]

More manipulation without real value..more inflation inbound..

What do you suppose tarrifs and $2000 free-money tarriff checks will do?

Best guess?  Inflationary, or not?

[DmonSlyr]

I got a question, why is it failed businessmen can discharge all their debts in bankruptcy (some businessmen do this MULTIPLE TIMES), but a youngster who got laid off with 100k student loan can't?

Would that be an example of Crony-Capitalism?

Why does the petroleum industry get tens of billions in tax credits every year for exploration?  Can't they pull themselves up by their bootstraps?  Can't they fund exploration out of their own retained earnings?  Does Petroleum industry not make enough profit, poor things?

Would that be an example of Crony-Capitalism?

Why can millionaire farmers (count their land value) get paid by the government to NOT plant crops?

Yeah why are colleges getting billions in grants when they are making 100k off every student in some cases in one quarter. Of course the whole thing is a racket. Theres always different situations for every thing. I think telling students they have to take out massive loans in order to maybe pass college and then maybe get a decent job is the biggest scam ever implemented on American kids.

All I'm saying is that is that id rather people have the opportunity to own with higher interest rates that they can refinance down the line or sell for a profit, than to just be forced to rent forever. A rental economy is not a strong economy.

[Captain Virgil Hilts]

The Federal Reserve is something that the Founding Fathers would be utterly appalled by.

So are perpetual property taxes.

As well as Social Security, the federal income tax, federal (and state, for that matter) "charitable government assistance", and government interference in the free market in general.

And they were absolutely correct in every case.

The first thing that needs to be done is to immediately abolish every government agency created since 1/1/1900, and start over from scratch.

Low interest rates do not drive inflation, nor do high interest rates actually curb inflation. Government spending and borrowing drives inflation, and in turn damages the economy. Government interference as a rule keeps wages low, and wage/wealth growth low. Slash spending and regulation, and pay off the debt. Wage and wealth growth in the working class will explode. And the market will regularly correct itself within 180 days and prevent extreme swings.

Of course, this thread will soon be locked. And, despite the fact that I'm not trolling or personally attacking or insulting anyone, I'll get muted, and probably be the only one. Oh well. That's the price for telling the truth and stating facts. So be it. I can take it. They only censor you because they fear that you tell the truth, and too many people will listen.

[CptTrips]

All I'm saying is that is that id rather people have the opportunity to own with higher interest rates that they can refinance down the line or sell for a profit, than to just be forced to rent forever. A rental economy is not a strong economy.

Go for it.

Why not 1000 year loans?

[CptTrips]

Government "spending" is what drives our inflation. Cut that, cut the rent.

Not all inflation is caused from Fiscal sources.

🏭 1. Demand-Pull Inflation
⚙️ 2. Cost-Push Inflation
💵 3. Monetary Inflation
🌍 4. Structural and Supply-Side Factors
📊 6. Government Fiscal Policy

And no, the rest of that doesn't just fall out of Fiscal Spending.  That's a chunk, but not the only chunk.

Gov spending didn't make the price of eggs go high, Avian flu did.

[Eagler]

What do you suppose tarrifs and $2000 free-money tarriff checks will do?

Best guess?  Inflationary, or not?

More stupidity...

Of course it's inflationary...not sure how vote buying is legal these days..this is ok but paying off student loans isn't..both crooked as heck imo..

Eagler

[AKIron]

There is a direct correlation between government spending and inflation. Sometimes correlation does equal causation.

[CptTrips]

There is a direct correlation between government spending and inflation. Sometimes correlation does equal causation.

Yes.

That is why it is listed as one of the 6 factors.

As Friedman stated, " "inflation is always and everywhere a monetary phenomenon". 
Monetary is not Fiscal, BTW.

But Monetary inflation is usually as a counter weight to the others except when they just screw up.


Fiscal spending can sure have an effect.  WWII gov spending sure snapped us out of the Depression.

[DmonSlyr]

A tariff dividend is not inflationary. Its like a business who gives a dividend based on earnings. We are actually seeing a surplus this year in the month of June and sept due to tariffs. How can yall complain about a 2k dividend refund? That is 100% helping families get a catch up. We finally using our might to force negotiations and leverage investment in America. You guys are seeing this all backwards. You think we have to restrict economic spending of Americans to lower prices but really we just need to boost our economy by lowering income taxes more and making housing more affordable without a massive recession and government price restrictions. We went from a 10 year, to a 30 year, and now we must move to a 50 year due to market salary manipulation and job competiveness due to many college graduates and H1Bs while our costs of living sores and they continue to print more money. Growth for America is more people investing and buying, not renting and expensing.

[CptTrips]

We are actually seeing a surplus this year in the month of June and sept due to tariffs

So, tariffs are a revenue generating tax?

[CptTrips]

“How is ‘here, enjoy this 50 year mortgage’ different from ‘you will own nothing and you will like it'” questioned Rep. Thomas Massie (R-KY), while Rep. Marjorie Taylor Greene (R-GA) weighed in, “I don’t like 50-year mortgages as the solution to the housing affordability crisis. It will ultimately reward the banks, mortgage lenders and homebuilders while people pay far more in interest over time and die before they ever pay off their home. In debt forever, in debt for life!”

Conservative media magnate Glenn Beck expressed similar concerns, writing, “A 50-year mortgage plan is being floated to help younger generations ‘afford’ the American Dream. But that’s not homeownership. That’s RENTING. It’s almost like… ‘you will own nothing and be happy.'”

Trump’s proposal also received criticism from Fox Business host Charles Payne, who said bluntly, “I do not like this idea.”

[Randy1]

Let's see, my Dad paid $1500 for his first new house, I paid $25000 for my first new house, my son paid $89,000 for his first new house.  Now young people are facing $300,000 and up for starter houses.  Of course in Democratic controlled stated these prices are much, much higher.

So ya, 50 year mortgage sounds about right

[Eagler]

Homes priced for 50 year mortgages insures the majority will never own their own home as prices would surely soar to even higher ridiculous prices..

Annual property taxes on these prices along with the cost to insure these loans will also limit 1st time home owners or will down payments be lowered to like 5% putting even more of the cost into the crazy 50 year loan..

The day you pay off your mortgage is a day everyone should be able to experience as life changes for the better financially..

But then again this group are happy leasing their vehicles as prices have removed the idea of ownership out of their reach now..they think a basic f150 should cost > $50k..

As they print more $$$ and pay for votes instead of cutting government costs ( $10k for ppl who just did their jobs and didn't call out sick), expect the dollar to continue to lose its value and costs to climb at record speed..

Eagler

[AKIron]

Let's see, my Dad paid $1500 for his first new house, I paid $25000 for my first new house, my son paid $89,000 for his first new house.  Now young people are facing $300,000 and up for starter houses.  Of course in Democratic controlled stated these prices are much, much higher.

So ya, 50 year mortgage sounds about right

I don't know where you live but $200K will get you a decent starter in Texas.

[AKIron]

Townhouses around here are plentiful for around $200K.

https://www.zillow.com/homedetails/1154-Morgan-Dr-Sherman-TX-75090/444220104_zpid/

That one has a stiff HOA because of the development it is in. Others are less.

Other side of the border.

https://www.zillow.com/homedetails/102-Section-Line-Rd-Calera-OK-74730/457961893_zpid/