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50 Year Mortgage

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This is classic Trump throwing stuff out there to keep people off balance without any intention whatsoever of following through. Telling people what they want to hear right now.... to get them off his back and have them thinking he's going to take care of it.

* As soon as I'm elected I'll release my taxes.

* Mexico will pay for the wall.

* You'll have a beautiful healthcare plan.

* Cut taxes for low and middle income Americans while increasing taxes on the wealthy.

" End the war between Russia and Ukraine in 24 hours.

* I'll release the Epstein files.

A cr*p load of more promises and throw off balance "deals" fit here.....to the thread's topic of;

* "A complete Game Changer" the 50 year mortgage.

Trump keeps shifting the story because he never intends to follow through....he only makes promises when he thinks they’ll boost him, not because he plans to keep them.
Kind of reminds you of this:

Barack Obama

1.​

  • Promise: While selling the Affordable Care Act (ACA), Obama repeatedly said people who liked their current health plan and doctor would be able to keep them.
  • Reality: Many insurance plans were canceled when they didn’t meet new ACA standards. Millions of people had to switch plans or doctors.
  • Outcome: Rated “Lie of the Year” by PolitiFact in 2013.

2.​

  • Promise: Obama pledged to close the Guantánamo Bay detention center within his first year in office.
  • Reality: Congress opposed transferring detainees to the U.S., and logistical/political obstacles stalled the closure.
  • Outcome: The prison remained open through his presidency.

3.​

  • Promise: Obama ran on bringing unity and bipartisanship to Washington.
  • Reality: Polarization increased, especially after the 2010 midterms. Legislative gridlock became severe.
  • Outcome: Seen as largely unfulfilled due to structural and political realities.

4.​

  • Promise: Obama pledged to pass comprehensive immigration reform with a path to citizenship.
  • Reality: Despite efforts like the DREAM Act and DACA (Deferred Action for Childhood Arrivals), no major immigration law passed Congress.
  • Outcome: Partial fulfillment through executive action only.

5.​

  • Promise: To make government more transparent and accountable.
  • Reality: Criticized for aggressive crackdowns on leaks and whistleblowers, and for limited transparency in drone operations.
  • Outcome: Mixed record.

Biden​

1.​

  • Promise: Biden promised to cancel $10,000 in federal student debt per borrower (and more for those in public service).
  • Reality: His major forgiveness plan was struck down by the Supreme Court in 2023. Some targeted relief has been implemented through other programs.
  • Outcome: Partially fulfilled through narrower actions.

2.​

  • Promise: To “restore the soul of America” and bring the country together.
  • Reality: Political polarization remains intense; partisan divisions have not eased significantly.
  • Outcome: Unfulfilled.

3.​

  • Promise: End fossil fuel subsidies and phase out drilling on federal lands.
  • Reality: New drilling leases and subsidies have continued, though investment in clean energy has increased through the Inflation Reduction Act.
  • Outcome: Partially fulfilled.

4.​

  • Promise: Raise the federal minimum wage to $15 per hour.
  • Reality: The measure was removed from the 2021 COVID relief bill and hasn’t passed Congress.
  • Outcome: Unfulfilled.

5.​

  • Promise: National standards on policing following George Floyd’s death.
  • Reality: The George Floyd Justice in Policing Act failed in the Senate; only executive actions were implemented.
  • Outcome: Partially fulfilled.




Obama​

1.​

  • Promise: Withdraw all U.S. combat troops from Iraq and end the war responsibly.
  • What happened:
    • U.S. combat troops left Iraq by the end of 2011, as promised.
    • However, the rise of ISIS (2013–2014) forced the U.S. to send troops back for counterterrorism operations.
  • Outcome: Partially fulfilled — initial withdrawal achieved, but long-term peace not secured.

2.​

  • Promise: End the war and bring troops home by 2014.
  • What happened:
    • Obama reduced troop levels but left several thousand troops in Afghanistan due to Taliban resurgence.
    • The war continued until the Biden administration’s final withdrawal in 2021.
  • Outcome: Unfulfilled — the war did not end under Obama.

3.​

  • Promise: “Reset” U.S.–Russia relations after the Bush era, pursuing cooperation on arms control and global security.
  • What happened:
    • Initial progress with the New START Treaty (2010).
    • Relations collapsed after Russia’s annexation of Crimea (2014).
  • Outcome: Failed — relations deteriorated dramatically.

4.​

  • Promise: Renew efforts for Israeli–Palestinian peace and a two-state solution.
  • What happened:
    • Obama’s early diplomacy (e.g., 2009 Cairo speech, 2010 peace talks) stalled.
    • No breakthrough on settlements, borders, or Jerusalem.
  • Outcome: Unfulfilled — no major progress toward a two-state deal.

5.​

  • Promise: Reduce nuclear stockpiles and move toward a world without nuclear weapons (Prague Speech, 2009).
  • What happened:
    • Signed New START with Russia.
    • However, modernization of U.S. nuclear weapons continued, and global disarmament stalled.
  • Outcome: Partially fulfilled.

Biden​

1.​

  • Promise: End America’s longest war and withdraw all troops from Afghanistan.
  • What happened:
    • Biden completed the withdrawal in August 2021.
    • The Taliban immediately regained control, and the chaotic evacuation drew global criticism.
  • Outcome: Fulfilled, but controversial due to execution and aftermath.

2.​

  • Promise: Restore the 2015 Iran nuclear agreement abandoned by Trump.
  • What happened:
    • Negotiations resumed but stalled as Iran expanded uranium enrichment.
    • No new agreement was reached as of 2025.
  • Outcome: Unfulfilled.

3.​

  • Promise: Rebuild alliances and defend democracy against authoritarian threats, including Russia.
  • What happened:
    • Biden led a strong international response to Russia’s 2022 invasion of Ukraine, providing major aid.
    • However, Ukraine’s full sovereignty and NATO membership remain unresolved.
  • Outcome: Partially fulfilled — strong support but war continues.

4.​

  • Promise: Restore relationships strained under Trump and reassert U.S. leadership globally.
  • What happened:
    • U.S. rejoined the Paris Climate Agreement and strengthened NATO unity.
    • Relations with some allies (e.g., Saudi Arabia, Israel) remain complex.
  • Outcome: Mostly fulfilled, though challenges persist.

5.​

  • Promise: End U.S. involvement in “offensive operations” in Yemen.
  • What happened:
    • Biden announced a halt to “offensive” support but continued arms sales to Saudi Arabia and limited cooperation.
  • Outcome: Partially fulfilled.
 
Reminds me when my dental hygienist was saying she was saving for a downpayment to buy a house. That's normal buyer thinking.
I wanted to tell her to buy a home (if she needs to live in a home) now before prices go up and her down payment be worth less.
Instead, I told her of a townhome which I thought was a good deal for her to consider.
 

Nearly 900,000 new homeowners are underwater on their mortgages, signaling a troubling shift in the housing market​

Nearly 900,000 homeowners are underwater on their mortgage as home prices fall, signaling a worrying turn in the housing market.
That figure represents 1.6% of all mortgage holders in the U.S. While the share may seem like a small part of the overall market, it’s also the highest rate in three years, according to a new report by Intercontinental Exchange

Nearly 90% of mortgage holders who are underwater on their loans borrowed over the past 3½ years, Walden noted.

Underwater mortgages were more likely to be held by people with a certain type of loan. Two-thirds used mortgages backed by the Federal Housing Administration and the Department of Veterans Affairs, which are typically used by first-time buyers and military servicemembers and veterans, Walden said.

FHA and VA loans allow buyers to purchase homes with a down payment of 3.5% or less of the home’s price.

The main reason these homeowners are seeing their home values fall is local market dynamics, meaning that housing supply is exceeding demand.

About 30% of markets across the U.S. saw annual price declines as of October, with the sharpest drops in Cape Coral, Fla.; North Port, Fla.; and Austin, Texas, ICE said. Comparing home prices in those metro areas with their peak reveals an even more dramatic shift.

Austin homeowners have experienced the biggest post-pandemic bust. Within the past year alone, home prices fell 4.6% in the Texas capital, ICE said. Comparing the Austin market today to its peak in May 2022, prices are down sharply, by around 22%. In other words, home prices are down nearly $130,000 between May 2022 and October 2025, ICE said.

In Austin, nearly 7% of mortgages are underwater. About a quarter of mortgages were from 2022, and over 15% from 2023 and 2024, ICE data revealed.
 

Of all the things that will NOT make housing better, is something like this….

Not sure what the president is thinking, but this would be a personal finance disaster.

$300,000 mortgage
5.5% interest rate
Payment calculations are
20 years is $2,064 - Total interest is $195,279
30 years is $1,703 - Total interest is $313,212
40 years is $1,547 - Total interest is $442,709
50 years is $1,470 - Total interest is $581,722

Yes it would So what caused our housing shortage? Well Covid caused the interest to be dropped to 3 to Stimulate our economy, So every one re-fide their homes. during that time we a lso were not building any new homes, Thus the supply declined but then it got worse because we let 30 million people enter the country this increased demand even more . Then it got even worse because we raised interest rates to 6% and
no one can refinance ,
I learned about another metric. today. College grads looking for jobs, Well the jobs offered do not pay them what they need to buy a home at 6% Additionally our regulations to build have increased. prices . Some of that cost to build was due to Climate Change requirments added more cost to build.

So the only answer I see is review all regulations in the construction of homes and try to reduce them. Look at the permitting process and see if that can be reduced. FTR California probably has the worst regulatory nightmare in the country.

My city has a pretty good permit office, The zoning board are issueing variances to zoning and the city council is looking at and reviewing zoning to higher density that will lower site cost.

 
  • Promise: Obama ran on bringing unity and bipartisanship to Washington.
  • Reality: Polarization increased, especially after the 2010 midterms. Legislative gridlock became severe.
  • Outcome: Seen as largely unfulfilled due to structural and political realities.
^^^ This IMO is the crux of the matter.

You can substitute the name of the president, substitute the year, and the division remains. The two party system is not working for the betterment of the country. The two parties are working to remain in power, which goes against what they're supposed to be doing.

No bipartisanship whatsoever.
 
The rich has not been affected by the shutdown except for the anxiety at airports. Trump has his Gatsby party. Old lady Kardashian had her big birthday party at Bezos mansion.
Unlike those who are dependent on government funding having to struggle over past month.
Wall Street did well over past month and recent few weeks have been bit of scare as stock market has been slowly declining. Rather unnerving.
 
It's not up to the rich to bail out anybody. That's part of the problem too. Liberals are looking for a loophole, or someway to play Robin Hood. Some way to fix the broken, and charge it to somebody else other than those who benefit the most.

We ALL need to face what has to be done. Class warfare is an old argument, and the democrats in power are just as greedy and guilty as the republicans in power.
 
It's not up to the rich to bail out anybody. That's part of the problem too. Liberals are looking for a loophole, or someway to play Robin Hood. Some way to fix the broken, and charge it to somebody else other than those who benefit the most.

We ALL need to face what has to be done. Class warfare is an old argument, and the democrats in power are just as greedy and guilty as the republicans in power.
The welfare state is just getting bigger and bigger. As it crunches more and more people that are responsible they opt to not be responsible and then the responsible have an even bigger portion of the burden.
 

Of all the things that will NOT make housing better, is something like this….

Not sure what the president is thinking, but this would be a personal finance disaster.

$300,000 mortgage
5.5% interest rate
Payment calculations are
20 years is $2,064 - Total interest is $195,279
30 years is $1,703 - Total interest is $313,212
40 years is $1,547 - Total interest is $442,709
50 years is $1,470 - Total interest is $581,722

The problem with this is that people will get caught in a trap: While young and earning good money, able to borrow money to buy a home, at least with a 50 year loan, but after several decades, they age and become too disable to work any longer to full capacity, their earnings decrease and they would be better off to sell their home and move to a less expensive place. Yet the sale price has dropped below the remaining debt, so that if they sell they still owe the lender money they cannot afford to pay back while have to pay for a new place to stay. One way or another they are screwed. Change the laws and conditons a bit and we put an ever increasing percentage of the population in to serfdom, owned by "nobles" who control the banks ore real estate.

So, now you know what I am getting at. Go back and study how Monarchies of the. Middle Ages held on to power for so long and you will see a hidden danger for the future.

Me to ChatGPT: How did the monarchy in the Middle Ages subjugate the serfs that worked for them?

ChatGPT said:​

"Bert, here is a clear, formal, and deeply structured explanation of how medieval monarchies and their subordinate nobles kept serfs subjugated. The key point is that the monarchy itself usually did not directly control serfs—instead, it ruled through a network of lords, bishops, and knights who exercised authority at the local level. But the Crown’s legal framework and military structure ultimately upheld the entire system.

I. The Feudal Structure Behind Serfdom

Serfdom was not primarily maintained by royal edicts alone. Instead, the monarchy created and protected a feudal hierarchy, which looked roughly like this:

King → Major Nobles → Lesser Lords/Knights → Manorial Officials → Serfs

The king granted land (“fiefs”) to nobles in exchange for military service. In turn:
  • Nobles owned manors and held legal authority over people living on them.
  • Serfs were legally bound to the land and could not leave without permission.
  • Royal courts recognized and enforced these property rights.
Thus, monarchy indirectly upheld serfdom by guaranteeing the rights of landowners over the serf population.



II. Legal Mechanisms That Kept Serfs Subjugated


1. Serfs Were Legally “Unfree”


They were not slaves, but they had obligations written into customary law:
  • Could not leave the manor
  • Could not marry outside the manor without permission
  • Owed labor services (“corvée” or “week-work”)
  • Owed taxes or fees (tallage, heriot, merchet)
  • Their children inherited serf status automatically
These laws came from:
  • Royal law
  • Manorial law (local court rulings)
  • Canon law (Church courts)

Kings recognized these obligations and enforced them when disputes arose.




III. Economic Dependence as Control

Even if monarchy had vanished overnight, serfs would have remained tied to the land because of structural economic factors:
  • The manor provided land to farm, mills, ovens, pasture, protection, and judicial services.
  • Lords controlled these resources and charged mandatory fees for their use.
  • Serfs had no alternative economic base and could not legally move to a town without permission.
This economic dependence was one of the strongest mechanisms of subjugation.



IV. Military Control: The Crown’s Ultimate Backstop

Although day-to-day enforcement was done by local lords, the king’s military authority validated the whole system.
  • Royal knights and sheriffs could suppress uprisings.
  • Peasant revolts were met with force (e.g., England’s 1381 Peasants’ Revolt).
  • Nobles owed military service, ultimately ensuring a coordinated armed response.
Even large regional nobles who challenged the Crown did so within a system that relied on having serfs working their estates.




V. Manorial Courts: The Local Legal Machinery

The key instrument of subjugation was not the king’s court but the manorial court, presided over by the lord’s steward.

The court had power to:
  • Assign labor obligations
  • Issue fines for disobedience
  • Resolve disputes between peasants
  • Enforce “custom of the manor”
Serfs rarely had legal representation, and the lord judged their cases.

The monarchy recognized these courts and delegated legal authority to them.




VI. The Church’s Role in Subjugation


The Church supported serfdom theologically and administratively:


  • Preached obedience to earthly authority as God’s will.
  • Controlled marriage, inheritance, and morality.
  • Punished insubordination with penance or excommunication.
  • Taught that the social order was divinely ordained (the “Great Chain of Being”).

Clergy and monasteries were often major landowners with serfs of their own.



VII. Psychological and Cultural Mechanisms


For centuries, serfs were held in place not just by force or law but by:
  • Fear of punishment
  • Emphasis on duty and obedience
  • Lack of mobility or exposure to alternatives
  • Illiteracy
  • Generational continuity (“my father was a serf, I am a serf”)
  • Belief that status was part of God’s plan

This created a self-reinforcing system.



VIII. The Monarchy’s Indirect but Crucial Role


Although everyday oppression came from local lords, the king was the essential pillar:
  • Granted legal rights over land and people
  • Established the hierarchy that created serfs’ obligations
  • Collected taxes partly based on this structure
  • Provided military force to defend the system
  • Sanctioned noble authority and manorial courts
  • Limited avenues for serfs to seek freedom

In short: the Crown upheld the framework; the lords carried it out.

IX. What Ended Serfdom?


For context, serfdom weakened primarily due to:
  • Plague (labor shortages = bargaining power)
  • Urbanization (towns offered freedom)
  • Rising money economy (labor dues converted to rent)
  • Peasant revolts
  • Centralized monarchies wanting taxes, not feudal obligations

By the late Middle Ages, monarchy began to dismantle the same system it once upheld.
 
Me: "It seems most moarchs had little fear of the populace."

ChatGPT:
Bert, you’ve put your finger on a crucial truth about medieval politics: most monarchs really did have very little fear of the general populace, and this was not an accident. It was the design of the political, legal, military, and social order.


Below is a formal, structured explanation of why medieval kings rarely feared the masses, and what—if anything—they did fear.


I. Why Medieval Monarchs Did Not Fear the Population

1. The population was politically powerless

Commoners—especially peasants and serfs—had:
  • No representation
  • No right to assemble for political purposes
  • No legal means to challenge the crown or nobility
  • No weapons (restricted by law in many regions)
  • No mobility (serfs bound to their manors)
A monarchy does not fear a group that cannot act collectively, cannot meet legally, and cannot move freely.



2. The nobles controlled the people for the king

The king did not govern the people directly.

Instead, a pyramid of authority kept the populace divided:
  • Nobles controlled their manorial populations
  • Knights and bailiffs enforced order
  • Manorial courts handled disputes
  • Royal sheriffs intervened only in extreme cases
The king himself was insulated several layers away from the commoners.



3. The populace was deeply local, fragmented, and immobile

Most peasants spent their entire lives within one to five miles of where they were born. This made:
  • Mass coordination impossible
  • Uprisings geographically limited
  • Communication slow and disorganized
Monarchs feared organized threats, not isolated disturbances.


4. Revolts were extraordinarily rare and easy to crush

While peasant revolts did occur (e.g., England 1381, France’s Jacquerie 1358), they were:
  • Short-lived
  • Poorly armed
  • Poorly led
  • Quickly suppressed by armored knights and trained soldiers

A king had little reason to fear a revolt that his forces could eliminate in a matter of days or weeks.




5. The Church reinforced obedience

The Church was the ideological cement:
  • Preached obedience to the king and one’s lord
  • Threatened rebels with excommunication
  • Portrayed social hierarchy as divinely ordained (“Great Chain of Being”)
  • Gave serfs religious justifications for accepting their lot
A population convinced rebellion is a sin is one that kings do not fear.




II. What Did Medieval Monarchs Actually Fear?

They did have fears, but not of common people.

1. They feared the nobles


This was the greatest threat to any king.


  • Nobles had armies
  • Nobles had money
  • Nobles had land
  • Nobles could claim rival rights to the throne
  • Nobles could form coalitions
A king’s entire power depended on maintaining loyalty among the aristocracy.

This is why so much royal policy was about:
  • Granting land
  • Marrying strategically
  • Hosting lavish courts
  • Managing succession disputes

The “people” were not the danger. The aristocracy was.




2. They feared rival claimants to the throne

Civil war between factions of nobles—not popular revolt—toppled most monarchs.

Examples:
  • The Wars of the Roses (England)
  • Countless French succession crises
  • The Holy Roman Empire’s perpetual election conflicts
The king feared other nobles, not the masses beneath them.


3. They feared foreign armies

Medieval warfare was elite against elite.

Peasants were not a threat—but invading knights, mercenaries, and kings were.


4. They feared famine and plague

Not because they personally starved, but because:
  • Tax revenue dropped
  • Army funding faltered
  • Nobles lost income and became restless
  • Stability weakened
Even here, the fear was indirect—political, not personal.


III. Why Monarchs Became More Afraid Over Time (Late Middle Ages onward)

This part is interesting: fear did grow slowly after 1300–1500 due to:
  • Urbanization
  • Guilds and city militias
  • Literacy and universities
  • Money-based economies
  • Growing merchant classes
  • Early parliaments and estates
  • Gunpowder (which made noble cavalry less dominant)
By the early modern era, monarchs began to fear broader social unrest, especially in cities.

But in the earlier Middle Ages, the masses were simply not a political factor.


IV. Conclusion

Bert, in summary:

Medieval monarchs had little fear of the populace because the population lacked weapons, mobility, organization, leadership, legal rights, political identity, and ideological support for rebellion. The real threat always came from the nobility, not the commoners.
 
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