50 year mortgages? Yes, Trump suggests a number of things. But the way he works, he suggests things and then suggests other things to get people out of their entrenched mindset. People think he’s a lunatic, needs to be impeached, whatever. At a time of his choosing, he then drops the real deal. Any doubt, re-read The Art of the Deal.
Excellent points. I've said many times that if you want to understand Trump, you absolutely need to understand "The Art of the Deal." Trump says (my paraphrase, not a quote) go into every negotiation sounding like you expect 10 times more than what you could ever expect to get. And when it's all over, no matter how much you get, never spike the football. Always praise the other side for their shrewd negotiations.
It is still a terrible idea. Does anyone realize that there is no way to become a conservative if one doesn’t have anything to...well...conserve?
A 50-year mortgage, as Christofer correctly pointed out, transforms ownership (something to conserve) into a speculative financial asset, owned by interests but not the person with the mortgage.
Great podcast. We need to stop the infighting and focus on the communists. The only way to make America affordable again is mass deportations. That will protect American workers' wages while lowering the cost of housing, education, and healthcare. MAGA Econ/Polisci 101: increase supply, decrease demand, reward allies, punish adversaries: https://yuribezmenov.substack.com/p/make-america-affordable-again
Sounds cool. I just wish there weren't so many great podcasts, thinkers and writers to try to keep up with. Maybe the Marxists are right... if there's only one point of view, you'll have more time to pursue other interests besides defending your Freedom, your family and all aspects of Western Civilization.
As for the photo contest. Would there be a category for "AI generated"? I've created some absolutely incredible imagery, e.g., I asked Google AI to create an image of New York City after it was taken over by a Marxist/Jihadist ideology. Scary how it figured out what Sowell, Hansen, Horowitz, Rufo et.al., have been warning about all these many years. (anyone can ask Google AI Studio that query)
Random thoughts. First, I really like your thoughts about focusing on nature. It is far too often overlooked! I would also support your idea about a photography "contest", even if it just means sharing our humble surrounds. My husband and I (marriage of 40+ years) are late life cattle ranchers, and spend a lot of time with the land. Nature is too amazing to describe in words...spiders, snakes and all! It provides a welcome respite from all of the burdensome political BS and stress of the conditions of our world today. Young people would probably find healing if they spent more time with nature and less time on their *^&%$ing devices! Just my .02 worth. A subscriber
Benjamin, I think it’s terrific and about time. I’m also encouraged that a whistleblower wouldn’t let this go when management ruled it “no big deal.”
It’s astounding that people don’t know how truly corrupt the BBC and old media have become but they don’t. So hopefully this will help open a few more eyes.
And Yea Trump! People/orgs have to be held to account for anything to change and he is doing just that!
There is a journo flurry just now in the the UK press..... in the wake of the BBC being once again outed for the Leftist-biased organisation it has always been. As always there is the usual futile commentariat blah blah about 'changes needed at the top' to preserve the BBC's much vaunted 'impartiality'. Impartiality which, in truth, it has never remotely had.
It never ceases to amaze me how much wishful nonsense about ‘saving’ the BBC and its ‘proud tradition of independence’ gets blah blahed out whenever the corporation gets outed for its endemic Leftist bias. Even from the conservative commentariat. To ‘save’ it as a national public broadcaster you would need to sack a large majority of its 20K-strong+ workforce because, for many decades now it’s been a de facto case of ‘only Lefties need apply’. Anyone on the Right has known that trying to get in would be a hiding to nothing so very few will have even tried……again this political distortion has been going on for many decades.
There is of course a simple solution….scrap the licence fee and make the BBC fend for itself. But then you’d need a decent conservative government and the prospect of that it a remote one
No “changes at the top” are ever going to make the BBC remotely ‘impartial. It is not even that it and is – for the most part anyway – deliberately trying to present a distorted perspective on current affairs or anything else. It is worse than that; the distortion is so embedded in media culture that it collectively fails to comprehend that there are other perspectives. The BBC and its hinterland of favoured contributors teems with champagne lefties, celebrity poseurs and assorted other have-your-cake-and-eat-it fellow travellers of the liberal establishment elite. And it is a veritable honey pot for the not so big wide world of the arts and academia. The joke is that they all think of themselves as radicals and guardians of freedom. https://grahamcunningham.substack.com/p/non-binary-sibling-is-entertaining
I’ve been watching the BBC for 60 years and it has never been any different.
Absolutely Yes. But first you'd need a decent UK government.... with some balls. A very distant prospect; given that the last 'conservative' government just spent its 14 years 'in power' running scared of offending the BBC.
How much time do we have left to break the back of the Marxist-Education Complex, which provides the only basis for the Democrats' future in power? This is serious business. Many millions of kids are being twisted like a pretzel as we speak.
Not big on 50 year mortgages but I would bring back the ability to assume mortgages. When I bought my first home in 1982, the ability to assume was key to making it affordable for me. Too bad we couldn’t do it retroactively for all those 3 and 4 percent mortgages out there
It was very common in the 70s and 80s. As a matter of fact with that home I assumed the 1st and 2nd and even took on a 6 month 3rd. Things were wild in the beach communities around LA then
A 50 year mortgage might also be a multigenerational family opportunity, started by parents, finished by next generation--reinforcing the concept of a home being central to a family's well-being and longterm success, and of grandparents, their children, and children's children all living under one roof or having the opportunity to do so.
Spiders are fascinating don’t kill them except black widow and brown recluse around your home. They are just living their life in nature eating insects. Ever shine a flashlight on the ground at night and see little sparkles?those are spider eyes.
You are correct. I am reading several substacks that go into great detail about what we are facing. Many are clueless. For instance, with part of the debt soon to turn over to much higher rates, the budget will approach huge amounts going to interest payments. If the US defaults, Pension plans and Insurance Companies will be in big trouble. Bessent and Trump are fully aware of the monetary problems coming, but the public is not. At this point, things look impossible. Companies are laying off huge numbers of workers. It would be worthwhile to have more discussion on this. Right now the rich are getting much richer and the poor are getting poorer, rapidly.
I will just say this. In my rather long life I've had multiple loans/mortgages, etc. I ALWAYS sought the longest term/lowest monthly payment possible so that a) I would never be in danger of default, and b) because I could (and did) always pay loans off way early. I only have a mortgage at all now because it is at 2.9% and Clark Howard always recommended NOT paying off your mortgage because of the interest deduction. But a young person getting in needs the house, and if their finances grow, they can always re-do the mortgage and/or double up.
Maybe a 50 year mortgage to people under a low to mid level income only. Most would sell and move up to regular mortgages as their incomes would increase which would offer many benefits for younger and poorer folks.
The 50 year mortgage idea is bad, as you say. However, a bigger problem is how we allow corporations, pension funds, and foreigners to own single family homes. I'd love to hear your thoughts on this. I have many of my own.
I like the photo idea, especially photos of nature.
50 year mortgages? Yes, Trump suggests a number of things. But the way he works, he suggests things and then suggests other things to get people out of their entrenched mindset. People think he’s a lunatic, needs to be impeached, whatever. At a time of his choosing, he then drops the real deal. Any doubt, re-read The Art of the Deal.
Excellent points. I've said many times that if you want to understand Trump, you absolutely need to understand "The Art of the Deal." Trump says (my paraphrase, not a quote) go into every negotiation sounding like you expect 10 times more than what you could ever expect to get. And when it's all over, no matter how much you get, never spike the football. Always praise the other side for their shrewd negotiations.
It is still a terrible idea. Does anyone realize that there is no way to become a conservative if one doesn’t have anything to...well...conserve?
A 50-year mortgage, as Christofer correctly pointed out, transforms ownership (something to conserve) into a speculative financial asset, owned by interests but not the person with the mortgage.
Great podcast. We need to stop the infighting and focus on the communists. The only way to make America affordable again is mass deportations. That will protect American workers' wages while lowering the cost of housing, education, and healthcare. MAGA Econ/Polisci 101: increase supply, decrease demand, reward allies, punish adversaries: https://yuribezmenov.substack.com/p/make-america-affordable-again
ALWAYS FOCUS ON THE COMMUNISTS
Thank you for your attention to this matter!
How about taking it up a level? It is not about communists. It is about those who want to centralize power in political institutions.
Sounds cool. I just wish there weren't so many great podcasts, thinkers and writers to try to keep up with. Maybe the Marxists are right... if there's only one point of view, you'll have more time to pursue other interests besides defending your Freedom, your family and all aspects of Western Civilization.
As for the photo contest. Would there be a category for "AI generated"? I've created some absolutely incredible imagery, e.g., I asked Google AI to create an image of New York City after it was taken over by a Marxist/Jihadist ideology. Scary how it figured out what Sowell, Hansen, Horowitz, Rufo et.al., have been warning about all these many years. (anyone can ask Google AI Studio that query)
Random thoughts. First, I really like your thoughts about focusing on nature. It is far too often overlooked! I would also support your idea about a photography "contest", even if it just means sharing our humble surrounds. My husband and I (marriage of 40+ years) are late life cattle ranchers, and spend a lot of time with the land. Nature is too amazing to describe in words...spiders, snakes and all! It provides a welcome respite from all of the burdensome political BS and stress of the conditions of our world today. Young people would probably find healing if they spent more time with nature and less time on their *^&%$ing devices! Just my .02 worth. A subscriber
Amazing, "late life cattle rancher" is the way to do it!
IIRC you live in the pacific nw. We have the same spiders!
What are people's takes on the BBC scandal?
See:
Revealed: The devastating memo that plunged the BBC into crisis
Document exposes string of incidents that suggest serious bias in corporation’s reporting.
https://www.telegraph.co.uk/gift/721d8380ab73d651#biological-sex-and-genderundefined
Hadn't heard about this, but always assumed that everyone knew BBC, NPR, PBS, etc., are left-wing ideological actors
They are editing to the point of altering what people actually said.
I'd be interested to hear your take on the LGBT group's efforts to shape the trans coverage at the BBC.
Benjamin, I think it’s terrific and about time. I’m also encouraged that a whistleblower wouldn’t let this go when management ruled it “no big deal.”
It’s astounding that people don’t know how truly corrupt the BBC and old media have become but they don’t. So hopefully this will help open a few more eyes.
And Yea Trump! People/orgs have to be held to account for anything to change and he is doing just that!
There is a journo flurry just now in the the UK press..... in the wake of the BBC being once again outed for the Leftist-biased organisation it has always been. As always there is the usual futile commentariat blah blah about 'changes needed at the top' to preserve the BBC's much vaunted 'impartiality'. Impartiality which, in truth, it has never remotely had.
It never ceases to amaze me how much wishful nonsense about ‘saving’ the BBC and its ‘proud tradition of independence’ gets blah blahed out whenever the corporation gets outed for its endemic Leftist bias. Even from the conservative commentariat. To ‘save’ it as a national public broadcaster you would need to sack a large majority of its 20K-strong+ workforce because, for many decades now it’s been a de facto case of ‘only Lefties need apply’. Anyone on the Right has known that trying to get in would be a hiding to nothing so very few will have even tried……again this political distortion has been going on for many decades.
There is of course a simple solution….scrap the licence fee and make the BBC fend for itself. But then you’d need a decent conservative government and the prospect of that it a remote one
No “changes at the top” are ever going to make the BBC remotely ‘impartial. It is not even that it and is – for the most part anyway – deliberately trying to present a distorted perspective on current affairs or anything else. It is worse than that; the distortion is so embedded in media culture that it collectively fails to comprehend that there are other perspectives. The BBC and its hinterland of favoured contributors teems with champagne lefties, celebrity poseurs and assorted other have-your-cake-and-eat-it fellow travellers of the liberal establishment elite. And it is a veritable honey pot for the not so big wide world of the arts and academia. The joke is that they all think of themselves as radicals and guardians of freedom. https://grahamcunningham.substack.com/p/non-binary-sibling-is-entertaining
I’ve been watching the BBC for 60 years and it has never been any different.
Privatize all "public media"
Absolutely Yes. But first you'd need a decent UK government.... with some balls. A very distant prospect; given that the last 'conservative' government just spent its 14 years 'in power' running scared of offending the BBC.
How much time do we have left to break the back of the Marxist-Education Complex, which provides the only basis for the Democrats' future in power? This is serious business. Many millions of kids are being twisted like a pretzel as we speak.
Not big on 50 year mortgages but I would bring back the ability to assume mortgages. When I bought my first home in 1982, the ability to assume was key to making it affordable for me. Too bad we couldn’t do it retroactively for all those 3 and 4 percent mortgages out there
I'm curious about this idea, which would probably unlock more mobility, as people are not trapped forever when interest rates rise
It was very common in the 70s and 80s. As a matter of fact with that home I assumed the 1st and 2nd and even took on a 6 month 3rd. Things were wild in the beach communities around LA then
Same here. We were able to assume the mortgage on the first two houses we bought! Helped us tremendously!
A 50 year mortgage might also be a multigenerational family opportunity, started by parents, finished by next generation--reinforcing the concept of a home being central to a family's well-being and longterm success, and of grandparents, their children, and children's children all living under one roof or having the opportunity to do so.
Spiders are fascinating don’t kill them except black widow and brown recluse around your home. They are just living their life in nature eating insects. Ever shine a flashlight on the ground at night and see little sparkles?those are spider eyes.
Cool! And yes, I just let them hang out.
How about addressing the approaching fiscal cliff, which almost no one in Congress (except Ron Paul) seems to want to address. Least of all Trump.
It looks to me that America is about to run out of gas, after which the American people will be forced to walk.
Is this a real existential crisis or not?
You are correct. I am reading several substacks that go into great detail about what we are facing. Many are clueless. For instance, with part of the debt soon to turn over to much higher rates, the budget will approach huge amounts going to interest payments. If the US defaults, Pension plans and Insurance Companies will be in big trouble. Bessent and Trump are fully aware of the monetary problems coming, but the public is not. At this point, things look impossible. Companies are laying off huge numbers of workers. It would be worthwhile to have more discussion on this. Right now the rich are getting much richer and the poor are getting poorer, rapidly.
I will just say this. In my rather long life I've had multiple loans/mortgages, etc. I ALWAYS sought the longest term/lowest monthly payment possible so that a) I would never be in danger of default, and b) because I could (and did) always pay loans off way early. I only have a mortgage at all now because it is at 2.9% and Clark Howard always recommended NOT paying off your mortgage because of the interest deduction. But a young person getting in needs the house, and if their finances grow, they can always re-do the mortgage and/or double up.
Such a reasonable response. Best one I’ve seen on this topic. Thanks.
Hey, I ain't rich. I have to watch every penny!
Maybe a 50 year mortgage to people under a low to mid level income only. Most would sell and move up to regular mortgages as their incomes would increase which would offer many benefits for younger and poorer folks.
The 50 year mortgage idea is bad, as you say. However, a bigger problem is how we allow corporations, pension funds, and foreigners to own single family homes. I'd love to hear your thoughts on this. I have many of my own.