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| Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
09-23-2008, 07:36 AM
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#61
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Join Date: Apr 2002
Posts: 22,805
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seems like mortgages should be 50 years to make them affordable now with inflation and fuel prices the way they are....these days
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09-23-2008, 08:32 AM
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#62
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,697
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That means a lot of people are never going to be able to retire..  (if things dont change) |
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09-23-2008, 09:06 AM
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#63
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Join Date: Apr 2002
Posts: 22,805
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i new all along retirement for me any way was a myth
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09-23-2008, 09:10 AM
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#64
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Registered User
Join Date: Mar 2003
Posts: 372
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Mortgages don't need to be longer. They need to be shorter, and people need to buy homes that they can afford (no more than 30-35% of your take home pay). A 50 year mortgage would mean you wind up paying several times what the selling price is. Everybody wants to own a McMansion. Well guess what, you probably can't afford to keep up with the Jones' - and Jone's can't really afford it either.
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bluefish Jihadist
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09-23-2008, 09:26 AM
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#65
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Join Date: Apr 2002
Posts: 22,805
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well something has to change.... is all i know
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09-23-2008, 10:15 AM
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#66
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,467
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Quote:
Originally Posted by slapshot
Mortgages don't need to be longer. They need to be shorter, and people need to buy homes that they can afford (no more than 30-35% of your take home pay). A 50 year mortgage would mean you wind up paying several times what the selling price is. Everybody wants to own a McMansion. Well guess what, you probably can't afford to keep up with the Jones' - and Jone's can't really afford it either.
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Good point. I've avoided my wife's urging for a larger house and now we're sitting on a 15 year mortgage and still have my water view 
-spence |
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09-23-2008, 11:28 AM
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#67
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Registered User
Join Date: Mar 2003
Posts: 372
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Quote:
Originally Posted by spence
Good point. I've avoided my wife's urging for a larger house and now we're sitting on a 15 year mortgage and still have my water view
-spence |
I try to satisfy my wife's other urges, and ignore the ones about stainless steel appliances, pools, islands in the kitchen, etc. |
bluefish Jihadist
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09-23-2008, 11:55 AM
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#68
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Super Moderator
Join Date: Sep 2003
Location: Georgetown MA
Posts: 18,205
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Quote:
Originally Posted by slapshot
I try to satisfy my wife's other urges, and ignore the ones about stainless steel appliances, pools, islands in the kitchen, etc.
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Yeah, but those ones BUY me time on the water and the other ones COST me time on the water  |
"If you're arguing with an idiot, make sure he isn't doing the same thing."
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