He's a toxic dimwit.
He's the jerk who rifled through the FHFA files to dig up dirt on Dems. He referred Tish James and Adam Schiff to the DOJ for criminal prosecution.
Now Pulte has another brilliant idea - he went to Trump’s Palm Beach Golf Club and talked Trump into suggesting a 50-year mortgage plan. He showed Trump a 3-by-5 poster with a photo of President Franklin Roosevelt appearing below the words "30-year mortgage" and one of Trump below "50-year mortgage." The headline was "Great American Presidents."
http://www.politico.com/news/2025/11/10/trumps-50-year-mortgage-plan-is-getting-panned-allies-blame-this-man-00645654
Trump's coCKSuckers know that "flattery gets you everywhere" with Trump. He loved the poster so much that he posted it to Truth Social in about 10 minutes without even thinking about it or consulting other advisers. THAT'S WHAT A FUCKING MORON DONALD TRUMP IS!!!! AND YOU KNOW IT!!!!!!!
"Fox Business Network host Charles Payne criticized President Trump’s 50-year mortgage proposal, saying that’s 'not the way' to address affordability. 'I do not like this idea,' Payne said on Fox News’s 'America’s Newsroom,' when asked about the plan."
http://thehill.com/media/5599147-trump-50-year-mortgage-rate-criticized/
You do know this was purposed in CA years ago.... but failed.
You do know that private banks offer 40 year mortgages but they can't be backed by the Government.
Also.... It is fucking stupid plan. Affordability isn't to give out longer mortgages. Affordability crisis is because homes cost too much. The problem and harsh reality is that people are living too long. So they are staying in homes longer. Which makes supply less. Now when the baby boomers start to "die off" there could be a surplus in housing. The issue will be that there will be firms sweeping in to buy them. This is where legislation could step in. Making it illegal for corporations to buy residential HOMES.... not apartments.....but houses. Since they are using it in commercia setting. Make it a limit on how many they can own type thing. Corporations can't own them. But private individuals can (no LLC's) It would make it so when people make estates into LLC's it can't hide things. It will help eliminate the tax shelter stuff. You know the "lake home" can't be put into an LLC, the "winter home" can't be in an LLC, etc.
Yeah....that is right. I hate fucking taxes but I am talking about taxes and getting more taxes. This is one way people cheat the system. It is also how many investment firms are driving up costs on homes. They saw the market for VRBO's and things like that with the boomers (southern rentals) and jumped on them. Along with hurricane destruction and are buying up real estate.
No, you dyslexic moron, I know they were PROPOSED, not "purposed."
It was in 2006 when housing prices were going crazy. But they disappeared in 2008 when the bubble burst. Today they're only used when refinancing to avoid foreclosure.
CRSM 27IQ: "...It is fucking stupid plan." Thanks for agreeing with me that "it is fucking stupid" president TRUMP who immediately ran to Truth Social and posted this "fucking stupid plan."
If he's dyslexic, that's actually pretty rude and intolerant, bigpoopy. Looks like you're trying to take over for the last lefty that got booted. Still waiting to hear what a pea**boo is. Seems like a racial slur but correct me if I'm wrong.
I don't think we should tolerate ableism AND racism in here.
Really??? Why don't you ask DONALD J. TRUMP?? That's what he calls Letitia James:
http://www.youtube.com/watch?v=FRtWpOcq6PQ
http://truthsocial.com/@realDonaldTrump/posts/111182000390379371
Are you claiming you are such a fucking moron that you never heard Trump say "PEEKABOO" nor read it when he wrote it?
SNAFUBAR: "Seems like a racial slur but correct me if I'm wrong."
NO, you're not wrong. It IS a racial slur!! DONALD J. TRUMP uses it quite frequently when describing Letitia James.
SNAFUBAR: "I don't think we should tolerate ableism AND racism in here." (TER)
But you righties tolerate "ableism" when it comes from DONALD J. TRUMP. You righties said NOTHING when Trump mocked a disabled reporter:
http://www.cnn.com/videos/tv/2015/11/26/donald-trump-mocks-reporter-with-disability-berman-sot-ac.cnn
SNAFUBAR: "I don't think we should tolerate ableism AND racism in here." (TER)
But you righties tolerate "racism" when it comes from DONALD J. TRUMP. You righties said NOTHING when Trump called Letitia James "PEEKABOO." He broadcast the word to the whole world and spelled it out on Truth Social, yet your delicate sensibilities are hurt when you read "PEEKABOO" on a fuckboard. You're so offended by the word that you can't even spell it out on a fuck board. I know why - because you're a moron who can't spell "PEEKABOO."
SNAFUBAR: There's another "ism" on TER - "AGEISM." Do you think TER should allow ageism here? You have never said anything about ageism so apparently it doesn't bother you.
He's not even a close second to ChicKenShit The Partisan Hack.
And then whines “ageism!!”
He's a toxic dimwit.
He doesn’t realize he brought that last jab on himself.
And he's not even good at it...
You keep believing that old man!
He repeats my (true) headline, so thanks!
He fails to put up his tired old meme.
Maybe now that I've baited him he'll do it?
that the words you used and in the context how they were used was a racial slur. The big difference, DJT is not a member of TER but if he was, he'd be banned for doing so.
Ageism doesn't bother me much but I understand some that it does being I'm technically a senior citizen.
------
The issue isn't that Trump used the term, it's that YOU used the term as well as they other slurs.
... but if he was, he'd be banned for using the word ('peekaboo.')"
SNAFUBAR: "The issue isn't that Trump used the term, it's that (BigPapasan) used the term (on TER)."
Let me get this straight, SNAFUBAR - you think it's NOT an issue for Trump to use a racial slur that BILLIONS of people could have heard and read, but it's WORSE for me to repeat the same racial slur on a fuckboard that maybe 1,000 people could read? And you know the only reason I used the word is because Trump used it so I wanted to point out what a racist the PRESIDENT OF THE UNITED STATES is.
Is that your contention, SNAFUBAR? SMH, you say you're "technically" a senior citizen. How can a person live so long and still be so dumb?!?!
BTW - Steven Cheung, Trump's Communications Director, wrote in an email that "anyone who thinks peek-a-boo is a racist phrase is obviously sick in the head and their assertion strains credulity and should not be taken seriously."
So tell us, SNAFUBAR, are you "obviously sick in the head" for thinking "peek-a-boo is a racist phrase?" Or is Steven Cheung a fucking liar who's defending a racist president?
-- Modified on 11/17/2025 10:53:13 PM
#1.... proving the stereotype correct by insulting my spelling or grammar errors. Thanks again for keeping this up.
#2....What have housing prices done the past 2 years?.... going crazy correct? The market right now or the past year or two.... WAS HOTTTTTTTTTTT. So no it isn't being used as a tool to keep people out of foreclosures. It is trying to help people get into homes. (40-year mortgages)
You insult my intelligence, yet I am proving you to be the unintelligent one (minus my spelling/grammar). You can't understand the market or how it is going. You try to say it is different than in 2006 which it isn't. Market is still strong and NAR (National Association of Realtors) are predicting housing sales increase by 15% or more in 2026. Yeah.... market trends.
Do I still think it is stupid.... YEP....same with 7+ year auto loans. These things do nothing to help with costs or inflation. It is actually enabling the price to keep rising. It does nothing to help fix a problem or the root of the problem......rising costs. It is like giving subsidies to insurance companies. DOES nothing to stop the rising costs of doing medical care or price of medical costs. It just helps or enables those costs to keep rising.
I'm not sure how people plan when they buy their first home, but I don't think many stay in their first home the whole 30 years. You stay, 5-10 years, build equity, build your financial or job situation and then you move up. You won't see your payment affect your principle on a 50yr loan but hopefully you'll build equity.
Just need to keep the 50 year rate somewhat close to a 30 rate.
Young people just need to get their foot in the door and this could do it.
Like his beautiful plan to replace Obamacare that was going to be released "in two weeks" and never showed up. Or his infrastructure plan that had to wait for Biden to actually do it.
And you're right that most people would never stay in their homes that long. The problem is inventory and high mortgage rates. I know people who have large, 30-year, 3% mortgages. If they move and take a new one at 6% their monthly cost doubles. So they sit tight. They have no interest in a 50-year mortgage. No one does.
-- Modified on 11/12/2025 9:05:32 AM
Average 1st time home buyers stay in that home for 5-7 years.
The problem is people or young people have no clue how to save. One of the major issues with first time home buyers is debt. They have credit card debt, debt because they financed a phone/car/furniture/tv/etc. It is why many 1st time homebuyer loan programs require a class to be taken on debt or management. One of the biggest obstacles is educating those buyers. Many will also self sabotage the closing by going out and buying on credit furniture and what not. All for the new home. So when the final credit report gets pulled right before closing it shows extra debt.
Also many 1st time home buyers don't understand how mortgages or loans work. They would rather take an "interest" only type payment plan or minimum principal payment. All they care about is "what are my payments". It is why vehicle loans are now 5+ years.....and now flirting with 50 year loans.
But back to the root of the issue. These loans do nothing to fix the problem of rising cost of homes or the inflation. It is actually doing the opposite and enabling it. Let the market self-correct. Less buyers and you will have prices drop. If people need to sell and are "belly up" because they over paid. Well guess what there are programs out there that will help with this. OR go rent until you can pay back that difference. Yes banks will allow this....ie: take a personal loan for the difference or file bankruptcy. Sad but it is the true hard facts. Don't wish financial hardships on anyone. But if you make a bad investment.....it is on you. If you don't buy down your home or you re-financed your home and took out "extra" to buy that vehicle since home rates were cheaper.... that is on you.
"While the short-term financial relief is meaningful for consumers struggling with current housing costs, the long-term fiscal penalty is severe. According to the UBS analysis, extending the loan duration from three decades to five decades could double the dollar amount of interest paid by the homebuyer on that median-priced home over the life of the loan. Furthermore, this significantly extended repayment schedule would substantially slow the rate of equity accumulation for the homeowner."
http://fortune.com/2025/11/12/how-much-would-50-year-morgage-save-per-month-ubs/
Trump claims to be the King of Debt.
http://www.youtube.com/watch?v=oDzOZf-sQ4c
.
Who cares about debt? You just go back and renegotiate. Or, in Trump's case, declare bankruptcy six times. Or sue the bank because you don't want to pay them back.
.
It isn't written into the official 50-year mortgage plan but Trump's plan for anything and everything is to blame someone else and walk away from debt.
"While the short-term financial relief is meaningful for consumers struggling with current housing costs, the long-term fiscal penalty is severe. According to the UBS analysis, extending the loan duration from three decades to five decades could double the dollar amount of interest paid by the homebuyer on that median-priced home over the life of the loan. Furthermore, this significantly extended repayment schedule would substantially slow the rate of equity accumulation for the homeowner."
http://fortune.com/2025/11/12/how-much-would-50-year-morgage-save-per-month-ubs/