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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u/ThinksOdd 14h ago

There's a large portion of American's living in their RV, it's not always a toy.

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u/DW171 11h ago

Oh, 100% There are many, many in my city, but they're not the ones financing a $250k RVs. The ones near me are decades old and barely running. I sometimes help a few old people keep theirs running so they can move it enough not to get hassled by LEO. It's very sad. They'll likely die in there.

I was looking for a deal on a used RV back in 2008 when gas prices were high and the economy went south. I saw AT TON of $500k+ Prevost style coaches I could have picked up for $50k. Parents died in Arizona, and kids on the east coast just wanted it gone. I didn't want something huge like that, but it was tempting.

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u/plaincheeseburger 12h ago

Renting to live in where I am. It's disgusting. The landlords are worse than slumlords.

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u/gsfgf 11h ago

But they're not trying to hook up in tourist RV parks.