Trumps solution to housing affordibility in America

Welcome the FIFTY YEAR MORTGAGE!. As per the example in the clip, it almost doubles your interest bill..😷
[media=https://youtu.be/lqE9f3hi0ao]

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22Michelle · 70-79, T

Allowing bigger mortgages just leads to increased house prices. If anything mortgages should be more restricted to bring down prices.

whowasthatmaskedman · 70-79, M

@22Michelle This has proved true here. Every form of government assistance for first home buyers has led to a rise in home prices to soak it up..😷

22Michelle · 70-79, T

@whowasthatmaskedman And the rich get richer, the not so rich get priced out and pay rent to the already rich.

whowasthatmaskedman · 70-79, M

@22Michelle Indeed. Not to boast, because its only a number. But houses in my neighbourhood are going from one to one and a half million dollars. If I sell I can be a homeless millionaire. But I like my home..😷

22Michelle · 70-79, T

@whowasthatmaskedman There's many in the same position, often asset rich, cash poor. Their kids might end up rich!

whowasthatmaskedman · 70-79, M

@22Michelle I brought my kids up right and they are doing fine. There may be enough in my estate to give the grandchildren a decent deposit on a home each. Or the place is big enough for them to share until they settle down.😷