cbree88
| Favorite team: | LSU  |
| Location: | South Louisiana |
| Biography: | |
| Interests: | |
| Occupation: | Accountant |
| Number of Posts: | 9449 |
| Registered on: | 2/15/2010 |
| Online Status: | Not Online |
Recent Posts
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re: What's the Manliest Thing You've Done Today?
Posted by cbree88 on 11/12/25 at 1:06 pm to slidingstop
Farted at work
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re: Remembering Kyren Lacy
Posted by cbree88 on 11/11/25 at 9:35 pm to Errerrerrwere
quote:
Whenever you start to feel sympathy for what Brian Kelly is going through. Remember Kyren Lacy. Remember CBK never even picked up the phone to call his parents.
This thread really pisses me off because you falsely claimed that Kelly didn’t even call the family first of all.
Second of all, Kyren Lacy dying tragically and Brian Kelly getting fired have absolutely nothing to do with each other. Zero. Zilch
This is just a blatant attempt to smear Kelly and ruin his reputation with lies. I’m glad he’s not our coach anymore, but that doesn’t mean we have to burn his house down, ruin his reputation and his name, attack his family, etc. You people who are doing this are mentally ill and need to seek help.
Are you a bot? You sure post like one.
It’s almost like canned responses intended to rile people up for no reason.
It’s almost like canned responses intended to rile people up for no reason.
quote:
but your sentiment in the OP seemed to suggest that a 50 yr mortgage might not be such a terrible idea.. i am here to tell you and all the other partisan hacks here
It’s not a terrible idea compared to renting, and I didn’t vote for Trump in the last election. I voted for the Libertarian candidate.
Flawed premise is flawed and stupid post is stupid (once again)
quote:
What if your house depreciates in value?
That’s always very unlikely as we’ve seen over the last 100 years.
You want a cookie?
This post reads like you have a secret crush on the guy.
re: I realized Sat. you can single handily cause 3 turnovers w/o even touching the ball on O
Posted by cbree88 on 11/10/25 at 9:48 pm to RicardoGrande69
quote:
single handily
:confused:
quote:
How popular are the 40yr qualified ones? Who’s asking for more of those? No one.
Those are only intended for farmers. You can’t give those to regular consumers under normal circumstances.
I’ve given a solid rebuttal to everything you’ve said so far, but I’m guessing you will remain unconvinced anyway.
quote:
If the banks wanted it they would offer it now.
No they wouldn’t because it’s illegal for them to do that right now. A 50-year term on a mortgage makes it unqualified under the Dodd-Frank Act.
quote:
You partisan hacks are insane
How do you know what my politics are or if I’m being partisan? Stupid post is stupid.
This is like people accusing others of racism as a first response with no evidence of it or context.
quote:
On a 50 year $250,000 mortgage at 6%. You have a whopping $2,600 in equity after 3 years. $4600 after 5.
True, but that’s not the whole equation.
You can make extra principal payments to pay down the loan way sooner and gain equity faster. Also, if your home appreciates in value you can sell it in 5 years and make a big gain.
re: The 50-year mortgage is a good idea actually
Posted by cbree88 on 11/10/25 at 7:15 pm to Hateradedrink
quote:
It’s worse than renting for 4 years and then buying with a 30y mortgage
Why not get a 50-year mortgage and then refinance it as soon as you can afford the 30-year loan? Or just make additional principal payments to pay down the 50-year loan way sooner.
[quote]mortgage company will get involved in the quality of maintenance, insurance coverage and will likely sell the mortgage to a third party who will change the terms and penalize severely non compliance with changes.[/quote
I don’t think they’re legally able to change many significant terms after the fact.
I don’t think they’re legally able to change many significant terms after the fact.
quote:
Not if you look at the amortization schedule of a 50 year loan at 6% interest.
Landlords can raise your rent as much as 10% or more each year. That’s a bad situation as long as you’re in it.
re: The 50-year mortgage is a good idea actually
Posted by cbree88 on 11/10/25 at 7:07 pm to LazloHollyfeld
quote:
seem to me a better alternative would be offer a guaranteed “lower” rate on 30 yr for primary homes - like 3.5/4%.
Yes, but that would be costly and probably require more government subsidies, thus costing taxpayers by increasing government spending and keeping inflationary pressure high.
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That only works if you boot it before you securitize. You can’t dump a loan at year 5 that’s in a abs.
Right, but if banks are afraid of 50-year mortgages initially they can originate and then sell right away to Fannie Mae or Freddie Mac or Penny Mac.
re: The 50-year mortgage is a good idea actually
Posted by cbree88 on 11/10/25 at 7:00 pm to Harry Caray
quote:
Know what’d be a better idea? Banning corporations, especially foreign investors, from owning single-family homes.
That would be a good idea too. It would help prices go down. No reason you can’t do both
quote:
Are you ok with what it would take to make it a reality? Mainly being that these will need either direct govt funding or at the very least a guarantee.
Banks pretty much have a guarantee already anyway. Fannie Mae and Freddie Mac will already buy up any mortgage loans that banks don’t want to keep.
quote:
Just make sure you roll your closing cost into the loan. That way you can be upside down for the first 10 years of your first house. Getting a loan at 25 that wont mature until you are 75 is not a recipe for financial success.
Still better than renting perpetually
Did you actually read the whole post or just look at the title?
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