100%
In fact, Denmark has the mechanism working already with the same 30-yr fixed-rate mortgage. Borrowers there can payoff their loan by buying the bond that covers the loan. When rates spiked in 2022 - bond prices crashed, and 100k Danes paid off with 15-20% discounts.
It works!
@ewarren Interestingly, boomers begin to reach life expectancy in 2032 (85 years of age).
I wonder who planned that so well?! Lol
Not that I care. I recognized the futility of it with my first paycheck in 1985. I was 13. I never expected to see a dime of SS come back to me.
@divergent955@jonbrooks -No more lawn mowing.
-No more snow shoveling.
-The roof and paint are someone else's problem.
-Can't drive anymore so need to live in town to get groceries and go to church.
There's a bunch or reasons. 🤷
@WillOHara131@jonbrooks Inheritors will sell them to cover death taxes, and sell them low in order to unload them before they get seized. I've seen it dozens of times, unfortunately.
Dear Mamdani,
Let me explain this the way I’d explain it to a five-year-old.
Imagine Tommy has a lemonade stand. Every week, lemons cost him a little more, sugar costs a little more, cups cost a little more, and his parents even charge him a little more for the table he uses. Then his teacher walks over and says, “Tommy, you’re not allowed to charge more than $1 for your lemonade anymore.”
Tommy says, “OK… but everything I need to make lemonade keeps getting more expensive. How am I supposed to pay for it?”
The teacher shrugs and says, “That’s not my problem.”
So Tommy starts buying cheaper ingredients. Then he stops fixing his stand when it breaks. Eventually, he decides selling lemonade just isn’t worth it anymore. His friend, who wanted to open another lemonade stand, sees all this and says, “Forget it. I’m not doing that.”
Now there are fewer lemonade stands than before.
The teacher proudly tells everyone, “See? I made lemonade affordable.”
No, you didn’t.
You made it less profitable to sell lemonade, so fewer people sold it.
Housing works the same way. Property taxes don’t freeze. Insurance doesn��t freeze. Labor doesn’t freeze. Repair costs don’t freeze. The mortgage doesn’t freeze. The only thing that freezes is rent.
And if the rent doesn’t cover the bills, the bills don’t magically disappear. Repairs get delayed. Buildings deteriorate. Some landlords sell. Others stop building altogether because the investment no longer makes sense.
You can’t solve a shortage by making it less worthwhile to provide the very thing that’s already in short supply.
It’s not greed. And it’s not ideology.
It’s basic math.
@myzccc Right right.
You realize we know Islam encourages it followers to lie if they think it might result in the advance of Islam... right?
So, even if it was true, we can't believe *you* because you are party to a religion of liars... ��😳
Sorry Musty.
@libsoftiktok ‼️HOMESCHOOL‼️ If you're married, sending your kids away for 8 hours a day is selfish. You are brainwashed if you think it is necessary.
Make parenting cool again. Stop having strangers raise your kids for you.™️
Mr. @POTUS@realDonaldTrump
Thank you Sir, so much, for saying what needed to be said. You are 💯 correct. Communism isn’t infiltrating, it is here, and it is the greatest danger that the United States of America currently faces.
@EarlGlynn Its a welfare state.
*They have to pay for the free candybars and cigarettes in Wichita somehow. Also,
*The aeronautical industry needs to be subsidized (corporate welfare). Also,
*The farmers/ranchers need to be subsidized (farm welfare).
I think that covers it.
@patcondell I think he knows. He just has to go through the motions so everyone can see the justification. Previous presidents didn't go through the motions.
There is NOT a housing shortage.
There is a housing MISMATCH.
America has ~148M housing units…
…and only ~134M households.
That’s a 14M unit surplus on paper.
The problem?
Builders overbuilt luxury.
America underbuilt starter homes.
Big difference.
@mcsquared34 Probably true. Small business is the backbone of the middle class, but small business has been crushed by policy and taxation that favors big businesses.
@ProudSocialist Koolaid-drinking take.
Marxism in all its forms promises the above, but delivers death and slavery.
If you live in a capitalist country but feel like the meme is reality, it is because Marxism has already infiltrated (California) and you may not realize you are already a slave.
@whiskeyvice@UziCryptoo Oh, I'm not cryin. I have a house, barn, guest house, acreage. Its nice. I'm in my 50's. But I am astonished at what my kids (college students) are facing. Its not the same challenge I faced. They need my help. The problem is real.
@deannkh10@4MrAnderson Right. So, is there a job there that will support his family? And are there schools there that can keep up with his kids learning needs?
There are a lot of decisions that go into a distant move. It may be a cheaper home, but there's reasons why no one wants it at full value.