>mortgage terms of up to 50 years to help solve the housing crisis
You mean **mortgage terms of up to 50 years to help solve the REIT/Corp Landlord/investors crisis**
Damn if I start now I’ll have a house payed off when I’m 73, if I live that long. Nothing more appealing than being a debt slave my whole life
So this guys answer to the housing crisis is generational bondage?
“We at the IPAV are concerned.
The current housing situation is stoking a level of anger that we think will be extremely damaging both economically and socially… So we thought we’d push people’s anger over the edge with the most asinine policy solution we could think of.
We’ve got a pool in the office to see who can start a civil war the fastest”
Add more demand to a supply side problem, excellent suggestion
At the end of the day people will take these mortgages if it means the difference between buying a home and not. This would cause an influx of new buyers to the market, further increasing property prices. Lenders would be th main beneficiaries at the end of the day from large increases in interest paid.
Hairdresser recommends haircut.
50 year mortgages when you’re not even supposed to work for 50 years…
More demand for a fixed supply. This is junior cert economics stuff. How the fuck do these people have these jobs?
Inflate house prices even more, Genius!
Fuck it just strap a damn boulder to my ankle and call me Sisyphus
Are the monthly payments the issue? One of the draws of buying a place (at least for me in the area I live) is that it is less than the rent. The issues I face are the 3.5 times salary and 10% deposit. Not arguing for or against those but I don’t see how a 50 year mortgage helps people who had to meet the other requirements.
Starting to hit the limits of absurdity at this stage, has someone suggested indentured servitude as a solution yet?
13 comments
>mortgage terms of up to 50 years to help solve the housing crisis
You mean **mortgage terms of up to 50 years to help solve the REIT/Corp Landlord/investors crisis**
Damn if I start now I’ll have a house payed off when I’m 73, if I live that long. Nothing more appealing than being a debt slave my whole life
So this guys answer to the housing crisis is generational bondage?
“We at the IPAV are concerned.
The current housing situation is stoking a level of anger that we think will be extremely damaging both economically and socially… So we thought we’d push people’s anger over the edge with the most asinine policy solution we could think of.
We’ve got a pool in the office to see who can start a civil war the fastest”
Add more demand to a supply side problem, excellent suggestion
At the end of the day people will take these mortgages if it means the difference between buying a home and not. This would cause an influx of new buyers to the market, further increasing property prices. Lenders would be th main beneficiaries at the end of the day from large increases in interest paid.
Hairdresser recommends haircut.
50 year mortgages when you’re not even supposed to work for 50 years…
More demand for a fixed supply. This is junior cert economics stuff. How the fuck do these people have these jobs?
Inflate house prices even more, Genius!
Fuck it just strap a damn boulder to my ankle and call me Sisyphus
Are the monthly payments the issue? One of the draws of buying a place (at least for me in the area I live) is that it is less than the rent. The issues I face are the 3.5 times salary and 10% deposit. Not arguing for or against those but I don’t see how a 50 year mortgage helps people who had to meet the other requirements.
Starting to hit the limits of absurdity at this stage, has someone suggested indentured servitude as a solution yet?