Posts: 1367
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Registered: Jan 2025

posted November 13, 2025 04:55 PM            

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That was not a good interview.

-The 50 year mortgage thing.

-The HB1 Visa comments.

Trump is a powerful Gemini with Sun, Uranus and Mercury stellium, but someone in the administration needs to tell him to lay low during Mercury Rx and not come up with anything new or out of the ordinary.

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Posts: 213402
From: I hold a Juris Doctorate (J.D.) and a Legum Magister (LL.M.)!
Registered: Apr 2009

posted November 16, 2025 01:01 PM            

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There was a lot I enjoyed about that interview. Yes, some things were better left unsaid, and the 50-year mortgages were not the best idea. However, some people will love them because they will be able to afford a home because of the lower payments, and then they can refinance when rates get much lower. No one is going to pay off a 50-year mortgage the long way. It’s just a temporary measure to make home ownership available in the present until mortgages become affordable again. I do like the portable mortgages idea a lot. You don’t hear about it much, but they are floating the idea of assumable mortgages. FHA and VA mortgages used to be freely assume he with just a small assumption fee. This would be a long-term game-changer! The median age for a home buyer is now 40. That is terrible.

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Posts: 1367
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Registered: Jan 2025

posted November 16, 2025 07:54 PM            

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I am no expert on these matters but my understanding is that private equity firms have been buying up single family homes now for the past 12 years or so, outbidding aspiring homeowners, and making it more expensive to buy a home especially for first time homebuyers.

Unless we have laws that prevent private equity’s from scooping up single family homes (and this idea has bi-partisan support), single family homes will continue to remain unaffordable for younger people and a 50 year mortgage while affordable with lower payments does not address the fundamental issue and may lock the buyer in a lifelong debt they might never be unable to break.

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Posts: 1367
From:
Registered: Jan 2025

posted November 16, 2025 08:53 PM            

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1st time home buyers age by year:

1970: 30.6
1980: 29 or 30
1990: 29
2000: 30 or 31
2010: 30
2015: 31-33
2020: 33
2024: 38
2025: 40

From 2020 to 2024 the median age jumped from 33 to 38!!!! That’s 5 points in 4 years!

Then by 2 points since last year!

So something needs to be done.

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