Politics Thread

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Originally Posted by GoMuskies

40-50 year mortgages are fine, because the asset shouldn't lose value. 10 year car loans? Ick. I sure as hell wouldn't want to be the one providing the money for that!

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While the asset may not lose value, 40+ year mortgages create a larger pool of people making payments that are mostly towards interest and not principal. That decreases spending long term from the consumer side of things for those that are responsible with spending. For those that are not responsible with spending... yikes.

I think you're crazy to get a 40-50 year mortgage, but I don't think they're dangerous (unless they're 100% financing).

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Originally Posted by GoMuskies

I think you're crazy to get a 40-50 year mortgage, but I don't think they're dangerous (unless they're 100% financing).

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Mortgages of that length create families that are in debt for their entire existence. As an accountant and a cheap accountant, I am 100% against that. However, longer debt terms is the response of industry to prevent a slow down in purchases. If car debt terms were still 3 years, do you think a majority of people would continue to buy at the same pace? Same for homes, put in price increases add in wage stagnation but keep the terms the same and what happens to the market?

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Originally Posted by scoscox

Are you talking about the NFL protests? Because yes I agree that Trump is in the wrong to call for that. As far as the old BLM protests, many of those turned violent and calling to quell those protests was appropriate.

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Yeah that's what I'm referring to. It's really the only side I'd take on this issue.

And BLM is something totally different. I'm strictly speaking of the NFL which has been the big issue for awhile now. I can't remember the last time I've seen BLM in the news.

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Originally Posted by ArizonaXUGrad

Mortgages of that length create families that are in debt for their entire existence.

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Which, with an asset that doesn't lose value (or shouldn't), is really fine. It's not that different that renting, except that you're building SOME equity. With just about any other asset...., not so good.

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Originally Posted by Caf

I can't remember the last time I've seen BLM in the news.

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The ironically named Antifa have taken their spot in the headlines.

Quote:

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Originally Posted by Caf

Yeah that's what I'm referring to. It's really the only side I'd take on this issue.

And BLM is something totally different. I'm strictly speaking of the NFL which has been the big issue for awhile now. I can't remember the last time I've seen BLM in the news.

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Okay, gotcha. We were initially talking about the police shooting in dallas, so I wasn't sure.

I couldn't care less about the entire NFL protest/Kaepernick debate.

This is fascinating.

https://www.nytimes.com/2018/09/05/o...esistance.html

And bananas.

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Originally Posted by Lloyd Braun

This is fascinating.

https://www.nytimes.com/2018/09/05/o...esistance.html

And bananas.

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Someone tell General Kelly to get back to work.

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Originally Posted by Lloyd Braun

This is fascinating.

https://www.nytimes.com/2018/09/05/o...esistance.html

And bananas.

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All of this may absolutely be true regarding Trump...it doesnt seem far fetched. However, what's the end game here in writing this and sending it to the ny times? Really effing weird.