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Write another book named "Mortgage delenda est" and then after you sell 1M copies, start saying that mortgages are good for economy...

For money that is made at the click of a mouse. 50 years to pay back that click

The problem is that when they print that money, they are in fact diluting the money of the savers. I am not worried about the one who borrowed the money, I am more worried about the ones who saved money.

It’s artificial but it does lower that barrier to entry for younger generations to own a primary residence.

You're correct. At a certain point, it becomes ridiculous and non-senisical for the loan issuer and the borrowers alike. However, if we continue down the road of ridiculousness, the loan could start to make sense for the borrower. That's why I keep saying I'd like a 200, 300, 500, or 1,000-year loan. Even though I would end up paying sooooooo much interest over the life of the loan, my monthly payment would drop drastically, and I'm confident the loan company, the US dollar, the US government, and possibly even the human race will cease to exist by the loan maturation date. #WINNING

Might as well go 60 or 70 years. 😵‍💫

I would take the other side If I could lend money into existence out of thin air

"Yet these happen all day long because they're not loans created from savings, but loans created from nothing." It's easy to loan money when there's zero risk to the lender nostr:nevent1qqsfdjqgu4ms844pykunvg2fc9xm0wupzfvevqp9xuh5gdrycqvfepszypan77qrw5r5daz4gyazy8uqje0wed577vy096k3m2yuctyfzt5ksqcyqqqqqqg5hvdw4

nostr:nprofile1qqs8k0mcqd6sw3h524qn5gslszt9am9knmes3uh268dgnnpv3yfwj6qpzamhxue69uhky6t5vdhkjmn9wgh8xmmrd9skctcppemhxue69uhkummn9ekx7mp0tus3pe this is an AWESOME, AMAZING content 😳 My personal thoughts: "This cuts deeper than we can imagine 😶 I'll try (do my best) to explain in a clear language, why (?) It's about the quiet chaos beneath them... Imagine staking your life's dreams on a deal with no timeline, "sky-high stakes" and value made of smoke, everyday, millions gambling their futures in this invisible web, this isn't finance, silently it's rewriting of what REAL FREEDOM is." "The core question isn't how we got here, it's how long are we the masses going to stay silent, and let it own us❕️❗️❕️🔎 "

500 year mortgage

Btw mortgage means “ death bond” nostr:nevent1qqsfdjqgu4ms844pykunvg2fc9xm0wupzfvevqp9xuh5gdrycqvfepsmn6a88

I couldn't agree more!! 🤝 Was even thinking that even an 18 year old takes out one of these, they will be done when they are 68! Now we know that there is no one in their right mind giving an 18 year old a mortgage, however the long term play is for your kids to be able to inherit these debts so that they become multigenerational debts. Instead of receiving an inheritance, you will be stuck with debts! Almost similar to the days of slavery where if a slave had kids, they automatically became the property of Massa. nostr:nevent1qvzqqqqqqypzq7el0qph2p6x7325zw3zr7qfvhhvk600xz8jatga4zwv9jy396tgqythwumn8ghj7cnfw33k76twv4ezuum0vd5kzmp0qy88wumn8ghj7mn0wvhxcmmv9uq36amnwvaz7tmwdaehgu3wvf5hgcm0d9hx2u3wwdhkx6tpdshsqgykeqyw2acr66sjtwfky9yuzndhhwq3ykvkqqjnwt6yx3jvqxyuscjtp032

And every time you refinance or switch homes, the amortization starts again, so you never quite get to paying much more than interest and fees.

Magic money 💰 🧙‍♀️

50 year mortgage could be good, given rate of inflation it's basically shorting fiat

Worldwide, only a few notices what's happening ...

... because we are a small group (worldwide), nothing will change😑, until a bigger percentage is waking up😓

So make smart decisions. Simple.

The actual average duration of a home loan is 11.8 years, which is the length of time most people own a home before selling it and settling the loan. So would I take the 50 year mortgage? Yes, as a bank I would for the sake of cash flow. The term of the loan doesn't reduce my odds of getting my money back, plus the property is still the collateral.

Just a clever play to extend the game. It makes no sense and it makes perfect sense.

this is absolutely correct, and yet these will get soaked up by the 'market' because they will be subsidized - directly through deficit spend and indirectly through regulatory incentive. such is the fiat ponzi

Wait, is the 50 year mortgage a thing? Does anyone know somebody that has one?

If you take a 50 year mortgage and use the extra funds to buy BITCOIN, wouldn’t you be doing same thing as Michael Saylor ? Just a question explain to me like a middle schooler.