You’re right to criticize the mortgage plan but you overlook Pulte’s background in the family business building houses. So of course he knows this plan is a trick and no solution at all housing finance problems.
I get it. The 30 year mortgage was revolutionary when it premiered. The fifty will provide a smaller monthly payment for a much longer time. Since most mortgages are refinanced around 6-8 years the feared impact will be buffed out.
Many seniors still pay mortgages, aka rent to bank, at $2000/m . Senior earned income between the ages of 62-67 are capped at $24k/y gross. You do the math at 20% income tax rate. Aka under water. One who works to pay the mortgage is now a criminal. I want to take that to SCOTUS!
LET’S GO EPSTEIN LET’S GO EPSTEIN
LET’S GO EPSTEIN LET’S GO EPSTEIN
LET’S GO EPSTEIN LET’S GO EPSTEIN
LET’S GO EPSTEIN LET’S GO EPSTEIN
LET’S GO EPSTEIN LET’S GO EPSTEIN
LET’S GO EPSTEIN LET’S GO EPSTEIN
LET’S GO EPSTEIN LET’S GO EPSTEIN
Joewightman.substack.com
You’re right to criticize the mortgage plan but you overlook Pulte’s background in the family business building houses. So of course he knows this plan is a trick and no solution at all housing finance problems.
I live in Connecticut and $110000 is ABOVE average! So IDK who any of these figures represent. I do know who the EPSTEIN FILES represent, though
I get it. The 30 year mortgage was revolutionary when it premiered. The fifty will provide a smaller monthly payment for a much longer time. Since most mortgages are refinanced around 6-8 years the feared impact will be buffed out.
Many seniors still pay mortgages, aka rent to bank, at $2000/m . Senior earned income between the ages of 62-67 are capped at $24k/y gross. You do the math at 20% income tax rate. Aka under water. One who works to pay the mortgage is now a criminal. I want to take that to SCOTUS!