It works some places because you only have 1 or 2 kids. How is that going to

Sign up, and you'll be able to ignore users whose posts you don't want to see. Sign up

Report problem with this ad

Apr 9, 2021
2:56:40pm

Ozymandias All-American

It works some places because you only have 1 or 2 kids. How is that going to

work if you have 5, 7, 9 or more kids?

Report problem with this ad

Ozymandias

Previous username: imanihonjin
Bio page: Ozymandias
Joined: Oct 9, 2006
Last login: Apr 28, 2024
Total posts: 28,141 (1,273 FO)

Report problem with this ad

Messages

Author

Time

POLL: We will see qualified 40/50/60 year mortgages in the next 5-10 years.

ag4cougs

4/9/21 1:22pm

Do you agree/disagree with this policy to address affordable housing issue?

ag4cougs

4/9/21 1:27pm

Based on Car loans increasing I could see mortgages creeping up.

groy

4/9/21 1:27pm

60 Year is almost admitting to never paying it off until death.

groy

4/9/21 1:28pm

Rent with all the required liability and repair responsibility.

JAGA97

4/9/21 1:29pm

Not really, you'd still own the equity if you sold.

BLT-Coug

4/9/21 1:46pm

And? Why is that a bad thing?

Ozymandias

4/9/21 1:59pm

I voted false because you included 50 and 60. I could see them getting longer

4/9/21 1:30pm

Lengthening the loan has diminishing returns.

byujdmba

4/9/21 1:34pm

When rates go negative - 60 year mortgage at 0% interest - not a bad deal

novacoug1

4/9/21 1:43pm

Many countries in Europe have 1% mortgages. It is now the norm

Nat Gas Man

4/9/21 2:51pm

40 year mortgages were a thing right before the 2008 crash.

Manti

4/9/21 1:34pm

Are under review right now and I don’ see how they aren’t approved by the Feds

Nat Gas Man

4/9/21 2:49pm

A two to five year loan should be the longest you have a loan out.

Archaea

4/9/21 1:37pm

Huh?

4/9/21 1:49pm

Depends on if the 30-year loan is racist or not.

ForzaPuma

4/9/21 1:53pm

If we returned to more generational housing it would make sense.

Tokolosh

4/9/21 2:07pm

I’ve been trying to teach this to my kids. Makes a huge difference in the

Nat Gas Man

4/9/21 2:53pm

It works some places because you only have 1 or 2 kids. How is that going to

Ozymandias

4/9/21 2:56pm

Well since the average US family is down to below 2 kids. I guess make more $$

Nat Gas Man

4/9/21 3:00pm

I think many home owners are already doing this

USMCdad

4/9/21 3:09pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad