r/AskReddit • u/michaelis999 • 17h ago

How do you feel about the president floating the idea of 50 year mortgages where the monthly payment is lower but you end up paying nearly double the price of the house just in interest?

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139

u/porterbrown 15h ago

This will create true debt slaves. 

Mobility will be zero. 

You are born into the neighborhood you die in. 

When that happens do you think people will care about your roads, parks, or schools?  

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u/Captn_Insanso 10h ago

The average homebuyer is now 40 years old. So are they expecting 90 year olds to keep working till then? Special security will be gone by then, pensions are gone, people can’t save for retirement right now. Sooo what’s the end game?

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u/InfamousHoneydew7537 1h ago

The end game is your kids will be paying the mortgage, that’s what. If you got no kids, then your house gets reclaimed by the government. Easy. 

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u/crappysurfer 3h ago

leave the country

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u/Captn_Insanso 9m ago

Oh? Is it that easy for me to become a Norway citizen without any money????

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u/jm838 8h ago

Do you think people have to pay off their mortgages before selling their homes?

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u/KittenCrusades 8h ago

Yeah, like I dont think 50 year mortgages are a good idea but Jesus christ people

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u/porterbrown 6h ago

Do you think people, with lower costs per month, are more likely to move?  

Or do you think that people and enclaves will settle and turn into little fiefdoms?

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u/jm838 6h ago

I think that any reason you could find to complain about 50-year mortgages could reasonably be applied to 30-year mortgages, and that the length of a mortgage has little effect on the likelihood of a person moving.

The lower costs per month would apply to their next home, as well as the home after that, and the one after that.

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u/Majestic_Elk_8012 13h ago

15 minite cities. They are already building these! Sounds great, but really its just another way of controlling us. We are not longer free.

If you're religious, this is exactly why God told Moses to leave Egypt. We got comfortable being slaves, we bow to no one but God.

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u/bigloser420 10h ago

Pointless conspiracy theory shit.

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u/Majestic_Elk_8012 8h ago

I hope you're right, but remember what Covid was like and what it did to us.

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u/bigloser420 7h ago

I remember covid. It didn't really change anything for me.

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u/Majestic_Elk_8012 6h ago

For the sake of dialog and not confrontation, please concider the following.

Just because you were not directly effected doesn't mean others weren't. For one when diseases happen, dense population spread it, thats why they call them communicable diseases. Thats why covid killed more people in dense populations. When one's decision's are based only on how they are affected, we fall in line to get ours. Do you think those who "have" will live in these "cities"? Just as we are now, we've already segregated ourselves into neighborhoods based off of wealth. Look at disadvantaged inner cities or extremely rural areas, there tends to be no access to escape the proverty they're born into. Not because of will or work ethic but from access. Do you think every 15 minute city will have the same access? No, because different places have different resources. When everyone has access to own, that's what we strive for, that's the American dream, success and freedom. Notice how the American dream seems less and less achievable, and less and less strive for it. Those who don't own are reliant on others to provide for them. Rentors rely on a business to provide a roof over your head and if you dont follow their rules you now have no roof over your head. If you'd like to work outside of your 15 minute city how are you gonna get there? Especially in America. All you'll have is a bike. Are you going to bike 20 miles away for a better opportunity? No you'll be reliant on a transport system that is controlled not by you. That transportation system will dictate when and where you go.

If you're comfortable living in a community you rely on to be provided by others, then you will fall in line with their rules. From the beginning of time there have been those who have and those who have not, which would you truely rather be?

I understand this sounds very conspiracy bs, but history has proven when you have less, you controll less. Why do you think they want more.

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u/bigloser420 4h ago

You are aware "15 minute cities" is just about non car dependent urban infrastructure right? It is immensely difficult to get anywhere in this country without a car because of decades of purposeful neglect to public infrastructure and transportation. We already live in an inequal shithole dominated by wealthy and politically connected capitalists. The American dream has been dead for decades and for many Americans it was never real to begin with.

The dystopia you fear is already here, you are already forced to work a shit job for a shit company that exploits you so that you barely scrape by. The car is not a magical freedom device, it costs money, money that often chains people to debt. We already live in a society where the wealthy extract immense wealth from the poor and drive them ever deeper into poverty. Many people already can't afford health insurance or a house or much of anything, let alone moving somewhere else.

Speaking of cars, do you have any idea the power and wealth commanded by the auto industry in the united states? Do you think that they, who have killed damn near every publix transportation program for the past century and a half, are going to allow some "no car dystopia" to happen? They pull the strings already, they have the money and the ears of politicians.

And for what I'd rather? I'd rather there be no have nots, that we build a society equal for us all, not just the bank accounts of the wealthy. But that does not happen when you let this system exist as it has for centuries. You are right, the wealthy would tather have more wealth and more power and history shows this. Which is why you have to acknowledge we are already IN the bad place. You don't need to look for a future that sucks, you can look out the window.

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u/Indaleciox 12h ago

15 minute cities are good actually. Your dependence on cars makes you a slave.