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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:

 
 
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Old 09-23-2008, 07:36 AM   #61
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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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Old 09-23-2008, 08:32 AM   #62
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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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Old 09-23-2008, 09:06 AM   #63
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Arrow

i new all along retirement for me any way was a myth
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Old 09-23-2008, 09:10 AM   #64
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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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Old 09-23-2008, 09:26 AM   #65
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well something has to change.... is all i know
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Old 09-23-2008, 10:15 AM   #66
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Quote:
Originally Posted by slapshot View Post
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.
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

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Old 09-23-2008, 11:28 AM   #67
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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
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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Old 09-23-2008, 11:55 AM   #68
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I try to satisfy my wife's other urges, and ignore the ones about stainless steel appliances, pools, islands in the kitchen, etc.

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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