A 50 year mortgage..

[AKIron]

The same house you aren't going to rent cheaper than buying. Even if little goes to the principal chances are over time the price of the house will go up. Most people who bought will walk away from that house with money back. Those who rented not so much.

[Eagler]

The total interest on a $300,000, 30-year mortgage at 6% is approximately $281,378.13. The total interest on a $300,000, 50-year mortgage at 6% APR is approximately $559,221.32. Top it off, on the 50, you are creating almost zero equity.
Wonder if these "geniuses" have any other ideas... maybe indentured slavery?

All that just to save a couple hundred dollars off the monthly payment..

Unbelievable it is even being discussed as an option..

I guess this is what happens when your currency is dieing a slow death..life basics become to expensive for the majority to own out right, they can only lease their transportation and housing, while buying most other items on those ever heavy credit cards..

Inflation is just a currencys death rattle imo..

All this to keep the manipulated market creating record levels...you know when the market behavior was similar..it didn't turn out well for most folks..

Eagler

[AKIron]

You conclusion is quite a leap. Inflation is caused by over spending and printing borrowed money to cover it. Government over spending.

[Eagler]

You conclusion is quite a leap. Inflation is caused by over spending and printing borrowed money to cover it. Government over spending.

How's it a leap?

Our ignorant leaders continue to devalue the dollar opening the door for its collapse..

We best keep flexing our military might down south and show the news footage of Hussain and Muammar Gaddafi demise to entice our allies to continue to be our friends..

Eagler

[AKIron]

How's it a leap?

Our ignorant leaders continue to devalue the dollar opening the door for its collapse..

We best keep flexing our military might down south and show the news footage of Hussain and Muammar Gaddafi demise to entice our allies to continue to be our friends..

Eagler

Eagler

The market is affected by inflation. Same with grocery and gas prices. They are not the primary cause nor is the market what drives the desire for inflation.

[AKIron]

You want your monetary commitments like social services (social security, welfare, insurance, etc...) to cost less then print more money and drive up inflation. Then don't increase those payout as much as inflation. Viola, redistribution of wealth.

[Captain Virgil Hilts]

How's it a leap?

Our ignorant leaders continue to devalue the dollar opening the door for its collapse..

We best keep flexing our military might down south and show the news footage of Hussain and Muammar Gaddafi demise to entice our allies to continue to be our friends..

Eagler

Eagler

The massive, glaring, fatal flaw in your premise is that both inflation, and high interest rates, and the attending uncertainty, are hurting the market, not artificially inflating it.


We don't have "leaders", as a rule, most of them are simply thieves, elected by people who want them to steal from others, and give to them. There's an overwhelming number of parasites in the constituency, who feel entitled to be supported and subsidized by those who are willing to work, earn, save, and invest. And there's a similarly overwhelming number of elected thieves all too willing to steal, for themselves and the fools who elect them. As long as the stealing produces a suitable bounty, and there are enough of those parasites willing to support it, it will continue.

[AKIron]

The biggest mistake people have made through the decades is recognizing corruption in the "system" and thinking greater power to the government will arrest and control that. It never works. 

[Eagler]

Cheap money inflates the market and causes inflation...but the gov 38 trillion screams for more

Our leaders/thieves have enriched themselves enough not to be bothered by inflation hikes as it bumps up their holdings..

They need the market to be the only place your money might grow faster than 5% to keep it artificially high based off nothing but cheaper and cheaper money..oh yeah and the AI bubble b4 it bursts..

Eagler

[Captain Virgil Hilts]

Cheap money inflates the market and causes inflation...but the gov 38 trillion screams for more

Our leaders/thieves have enriched themselves enough not to be bothered by inflation hikes as it bumps up their holdings..

They need the market to be the only place your money might grow faster than 5% to keep it artificially high based off nothing but cheaper and cheaper money..oh yeah and the AI bubble b4 it bursts..

Eagler

Nope. Low interest rates do not cause inflation.

Government spending, borrowing, excess debt, and printing do.


The elected clowns only care about the market at all because some people think it's the sole determiner of the health of the economy, and because a large number of them are heavily invested in insider trading. They're neither smart enough nor unified enough to create some scheme or plot to drive people to invest in the market.

As far as it goes, I can't remember when anything other than investment returned more than 5%. Bonds and savings accounts haven't in the last 40-50 years.

[Captain Virgil Hilts]

The biggest mistake people have made through the decades is recognizing corruption in the "system" and thinking greater power to the government will arrest and control that. It never works.

They're too uneducated and lazy to understand that they could control it. By voting. They always want and expect someone to do it for them.

[Randy1]

CRP ground is for making sure to market doesn't get flooded with a huge surplus of crops. Keeping prices stable yet high enough to pay for planting  and harvest.

It also promotes wildlife habitat

Down here many years back a prized add on to figure in on land purchase was how big was the tobacco allotment. Nobody down here grows tobacco anymore.  Now all the tobacco barns are rotting away.  The big tobacco warehouses and auction sites are now crumbling or cheap storage areas.

[fd ski]

if you're going to sign a 50y mortage, you migth as well sell yourself into bondage. You'll be a slave to your boss, whoever he is.

Reading this discussion i gather swamp isn't quite drained yet, is it ?