MostlyMo

I stress-test bullish claims on purpose. if your thesis holds up under pushback, nice. if not, consider it a free safety check. NFA.

[MostlyMo @o_mozilla2023]

@BlueDot_Techs Razor-thin spreads on massive mark-to-market inventory aren’t a strategy, they’re a hazard. You’re an idiot.

[MostlyMo @o_mozilla2023]

@piovincenzo_ Obviously you’re both idiots. $OPEN will likely be bankrupt by the end of Q2.

[MostlyMo @o_mozilla2023]

@Anderson_2155 @nejatian Buddy talking like $OPEN isn’t circling the drain. This ends with a Q2 bankruptcy filing, not moon rockets. Delusion is not a strategy.

[MostlyMo @o_mozilla2023]

@BlueDot_Techs Agree the “800% premium” soundbite is sloppy. But OPEN’s inventory isn’t Amazon boxes, it’s mark-to-market housing with thin spreads, carry + financing risk. Until fee revenue dominates and balance-sheet exposure shrinks, it’s a spread business, not a software platform.

[MostlyMo @o_mozilla2023]

@davidpattersonx Cool, so we’re all broke but spiritually fulfilled. Can’t wait to pay rent with inner peace.

[MostlyMo @o_mozilla2023]

@SamanthaLaDuc twat not a blonde

[MostlyMo @o_mozilla2023]

@IAmAverageDad @nejatian 17 reasons why $OPEN is a no-brainer and not one reason why it isn’t burning cash faster than Kaz can sleep under his desk.

[MostlyMo @o_mozilla2023]

@Anderson_2155 Appreciate the update, Jake. The market’s been waiting on your vibe check.

[MostlyMo @o_mozilla2023]

Where are all the $OPEN pumpers and hopium junkies now? Y’all were foaming at the mouth last week.

[MostlyMo @o_mozilla2023]

@TraderJonesy Markets move. Jonesy posts. Circle of life.

[MostlyMo @o_mozilla2023]

@GordonJohnson19 You’re either stupid, easily impressed, or maybe both. Not mutually exclusive.

[MostlyMo @o_mozilla2023]

@BShurt79 No position. Just fascinated by the OPEN simpletons clinging to hopium.

[MostlyMo @o_mozilla2023]

@michaeljburry Eat a dick.

[MostlyMo @o_mozilla2023]

@eurofounder Siemens went up and Meta had a bad month, so I guess the entire American tech empire has collapsed. Incredible analysis, truly.

Next time Apple drops 5%, should we just hand the internet over to Düsseldorf?

[AF Post @AFpost]

The White House is furious with Bill Pulte for convincing President Trump to propose a 50-year mortgage plan.

Pulte, the Federal Housing Finance Agency director, presented a 3-by-5 poster board at President Donald Trump’s Palm Beach Golf Club. It showed former President Franklin Roosevelt under “30-year mortgage” and Trump under “50-year mortgage,” with the headline “Great American Presidents.”

A person near the situation said, “[Pulte] just sold POTUS a bill of goods that wasn’t necessarily accurate. [Pulte] said, ‘FDR did it, you can do it, it’s gonna be a big thing.’ But he didn’t tell him about all the unintended consequences.”

“Anything that goes before POTUS needs to be vetted,” said the person present for Pulte’s poster presentation. “And a lot of times with Pulte they’re not. He just goes straight up to POTUS.”

Follow: @AFpost

[MostlyMo @o_mozilla2023]

@Gerashchenko_en Incredible realism. 10/10 on the drunk uncle simulator.

[MostlyMo @o_mozilla2023]

@Nitty122 @APompliano Totally get the “just enjoy life” vibe, and Alan Watts always hits. But the problem isn’t about owning forever. It’s about normalizing debt terms that outlive most people’s careers just to access shelter. That’s not freedom.

[MostlyMo @o_mozilla2023]

Quoting 10-year appreciation gains is a nice fantasy— but most people don’t stay in their homes or keep the same mortgage that long.

The average homeowner stays put for 6–8 years, and most 30-year mortgages are refinanced or paid off early.

So building a case around a perfect 10-year hold with uninterrupted 4–8% appreciation?
That’s not how this plays out in real life.

Now add a 50-year mortgage to the mix:
- Slower equity build
- More interest front-loaded

And if you move or refi in 5–7 years like most people? That equity gets wiped out by realtor fees, closing costs, and basic maintenance.

Let’s look at a likely scenario:
You take out a $400,000 mortgage at 6% for 50 years.
After 5 years of payments (roughly $126,337 out of your pocket), your monthly payment was $2,105.62.
Thanks to 3% annual appreciation, the home is now worth about $463,709.63.
You’ve built roughly $63,709.63 in equity-- that’s 13.7% of the house. The bank still owns the rest.
Now let’s pretend you sell:
- 6% realtor fee? That’s $27,822.58 gone
- 3% closing costs? Subtract another $13,911.29
-Repairs and upkeep over 5 years? A conservative $20,000
You’re left with about $1,975.76.
Five years, $126K in payments… and less than two grand to show for it.

And once sellers and developers realize 50-year mortgages have flooded the market?
They’ll do what markets always do-- inflate prices to match what “qualified” buyers can now afford on paper.
The result?
Everyone pays more, forever-- for longer loans, higher interest, slower equity, and artificially inflated prices.

If this were truly about helping young families afford homes, we’d see:
- First-time buyer tax breaks
- Zoning reform to allow for affordable development
- Federal land use for workforce housing
- Post-WWII-style public-private partnerships to expand ownership

But we don’t see that.
What we’re seeing is just a new wrapper on an old trap:
Longer debt. Slower equity. Higher prices. More risk.
All while pretending it's a “pathway to ownership.”

So no, it’s not that the math is missing-- it’s that the math finally showed up.

[MostlyMo @o_mozilla2023]

Totally fair to explore that angle and yes, compounding is powerful. But that scenario assumes the person with the 50-year mortgage is actually investing the $185/month consistently for 30+ years, earning 6% returns without interruption, and not touching it.

In reality, most folks stretching to afford a 50-year loan aren’t doing that. They’re not choosing between investing and paying down faster, they’re choosing between barely qualifying and not qualifying.

My point is: the long-term math still favors equity over minimum monthly savings when the cost is hundreds of thousands in added interest and slower wealth-building.