nein51 said:

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FLBear5630 said:

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nein51 said:

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whiterock said:

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boognish_bear said:

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This is an interesting idea I have not heard of before. Not exactly sure how it would work logistically or if it's realistic.... but we definitely need to be looking at new ideas.

Although… this would not be any direct help to first time homebuyers.

BREAKING: Trump admin is looking into normalizing portable mortgages, allowing Americans to keep their interest rate, term and lender when moving to a different home.

— Leading Report (@LeadingReport) November 12, 2025

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indirectly it would. It would make it easier (particularly in a "frozen market" like the one we're in) for people already in a home to sell it & buy another perhaps a little more expensive home....to roll their equity into a more expensive home. that would in turn create opportunities for buyers the next tier down to buy up, and so on...

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We stayed in our last home about 3 years longer than we wanted because we had 1.9%. If I could have kept my 1.9% rate we would have move (to a much nicer house) at least 24 months before we did.

So in theory that would have opened a starter home to someone else. Surely there are plenty of people in that same position.

Hell if I could shave 3% off the new loan I would refi to 15 years on this one and we would be ready to move to our forever home inside of 10 years. So it would work a second time though our current house isn't a starter house.

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Same here. Although the financial gurus would tell you that your 30 is really a 15, if you just make higher payments. : )

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That's true but my last 15 was paid in 9. This house just cost too much for me to do that. But if I could go from 6% to 3% less than 15 might be an option.

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I agree. I am at 5.7%. Waiting for the next 3% or lower for a 15 year...

FLBear5630 said:

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nein51 said:

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FLBear5630 said:

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nein51 said:

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whiterock said:

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boognish_bear said:

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This is an interesting idea I have not heard of before. Not exactly sure how it would work logistically or if it's realistic.... but we definitely need to be looking at new ideas.

Although… this would not be any direct help to first time homebuyers.

BREAKING: Trump admin is looking into normalizing portable mortgages, allowing Americans to keep their interest rate, term and lender when moving to a different home.

— Leading Report (@LeadingReport) November 12, 2025

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indirectly it would. It would make it easier (particularly in a "frozen market" like the one we're in) for people already in a home to sell it & buy another perhaps a little more expensive home....to roll their equity into a more expensive home. that would in turn create opportunities for buyers the next tier down to buy up, and so on...

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We stayed in our last home about 3 years longer than we wanted because we had 1.9%. If I could have kept my 1.9% rate we would have move (to a much nicer house) at least 24 months before we did.

So in theory that would have opened a starter home to someone else. Surely there are plenty of people in that same position.

Hell if I could shave 3% off the new loan I would refi to 15 years on this one and we would be ready to move to our forever home inside of 10 years. So it would work a second time though our current house isn't a starter house.

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Same here. Although the financial gurus would tell you that your 30 is really a 15, if you just make higher payments. : )

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That's true but my last 15 was paid in 9. This house just cost too much for me to do that. But if I could go from 6% to 3% less than 15 might be an option.

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I agree. I am at 5.7%. Waiting for the next 3% or lower for a 15 year...

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I think we may be waiting for a long time unfortunately. Would be nice though.

nein51 said:

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FLBear5630 said:

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nein51 said:

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FLBear5630 said:

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nein51 said:

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whiterock said:

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boognish_bear said:

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This is an interesting idea I have not heard of before. Not exactly sure how it would work logistically or if it's realistic.... but we definitely need to be looking at new ideas.

Although… this would not be any direct help to first time homebuyers.

BREAKING: Trump admin is looking into normalizing portable mortgages, allowing Americans to keep their interest rate, term and lender when moving to a different home.

— Leading Report (@LeadingReport) November 12, 2025

---

indirectly it would. It would make it easier (particularly in a "frozen market" like the one we're in) for people already in a home to sell it & buy another perhaps a little more expensive home....to roll their equity into a more expensive home. that would in turn create opportunities for buyers the next tier down to buy up, and so on...

---

We stayed in our last home about 3 years longer than we wanted because we had 1.9%. If I could have kept my 1.9% rate we would have move (to a much nicer house) at least 24 months before we did.

So in theory that would have opened a starter home to someone else. Surely there are plenty of people in that same position.

Hell if I could shave 3% off the new loan I would refi to 15 years on this one and we would be ready to move to our forever home inside of 10 years. So it would work a second time though our current house isn't a starter house.

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Same here. Although the financial gurus would tell you that your 30 is really a 15, if you just make higher payments. : )

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That's true but my last 15 was paid in 9. This house just cost too much for me to do that. But if I could go from 6% to 3% less than 15 might be an option.

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I agree. I am at 5.7%. Waiting for the next 3% or lower for a 15 year...

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I think we may be waiting for a long time unfortunately. Would be nice though.

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Yeah, it was an anomaly. My Dad keeps telling me be happy with 5.7, that is a great rate.

This is average, not median age, but the New York Fed finds that first-time homebuyers were *younger* in 2024 than in the 2000s. Haven't gotten older on average in nearly 20 years.

h/t @MosesSternstein pic.twitter.com/6qTzoybCkD

— Connor O’Brien (@cojobrien) November 12, 2025

boognish_bear said:

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This is an interesting idea I have not heard of before. Not exactly sure how it would work logistically or if it's realistic.... but we definitely need to be looking at new ideas.

Although… this would not be any direct help to first time homebuyers.

BREAKING: Trump admin is looking into normalizing portable mortgages, allowing Americans to keep their interest rate, term and lender when moving to a different home.

— Leading Report (@LeadingReport) November 12, 2025

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Portable mortgages? Hmmmmm. I am currently paying 2 7/8 interest on a 15 year note. Owe about $40,000. I would be a damn fool for paying it off early. But if I am able to sell my home which the value has increased Bigly and use my 2 7/8 percent mortgage on my new smaller home, wouldn't that put first time and younger buyers at a Yuge disadvantage? Things would be worse than they are now for them. This evil, mean Boomer does not think this is right. Not a good idea.

RD2WINAGNBEAR86 said:

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boognish_bear said:

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This is an interesting idea I have not heard of before. Not exactly sure how it would work logistically or if it's realistic.... but we definitely need to be looking at new ideas.

Although… this would not be any direct help to first time homebuyers.

BREAKING: Trump admin is looking into normalizing portable mortgages, allowing Americans to keep their interest rate, term and lender when moving to a different home.

— Leading Report (@LeadingReport) November 12, 2025

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Portable mortgages? Hmmmmm. I am currently paying 2 7/8 interest on a 15 year note. Owe about $40,000. I would be a damn fool for paying it off early. But if I am able to sell my home which the value has increased Bigly and use my 2 7/8 percent mortgage on my new smaller home, wouldn't that put first time and younger buyers at a Yuge disadvantage? Things would be worse than they are now for them. This evil, mean Boomer does not think this is right. Not a good idea.

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The vast majority of people would move up not down.

Respectfully disagree. The aging Boomers are feeding the looming Social Security crisis. More Boomers retiring than newbies entering the workforce . Most Boomers go smaller and more manageable. Not bigger.

For the record, I will die in the dream home my wife and I built together. We are not going anywhere.

I'm GenX...once our kids are fully out on their own we will definitely be downsizing. We don't need all this square footage.

BREAKING: VP JD Vance says the Trump administration will surge housing affordability through mass deportations.

— Leading Report (@LeadingReport) November 13, 2025

boognish_bear said:

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BREAKING: VP JD Vance says the Trump administration will surge housing affordability through mass deportations.

— Leading Report (@LeadingReport) November 13, 2025

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I think he is right regarding folks that are renting. As far as folks wanting to buy their own home,- minimal impact.

boognish_bear said:

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I'm GenX...once our kids are fully out on their own we will definitely be downsizing. We don't need all this square footage.

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My wife said the same thing for many years.

But when the time came, I ended up buiding her the biggest house we have ever lived in.

RD2WINAGNBEAR86 said:

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Respectfully disagree. The aging Boomers are feeding the looming Social Security crisis. More Boomers retiring than newbies entering the workforce . Most Boomers go smaller and more manageable. Not bigger.

For the record, I will die in the dream home my wife and I built together. We are not going anywhere.

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There are ways to solve the SS problem. The first is to lift the exemption of SS from income over 400k. The second, not painless but not bad, is to raise the SS% by 1%. Third, is to delay receiving benefits to 70, as the life span has increased from when set up.

The Government just has to do it. I am in favor of option #1, money over $400k to start. Seems a no-brainer.

boognish_bear said:

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I'm GenX...once our kids are fully out on their own we will definitely be downsizing. We don't need all this square footage.

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I am last year of Boomers, literally.

We did downsize. But, we live in Florida, so the screened backyard pool and cement area is really living space.

Downsizing was the best move we ever made. Went from being a weekend of lawn work to 38 minutes.

boognish_bear said:

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I'm GenX...once our kids are fully out on their own we will definitely be downsizing. We don't need all this square footage.

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I'm at the beginning of Gen X. Got my urchins out of university and grad school and on their own. Man, I do understand not needing a lot of stuff that is necessary with kids. I've been there, done all that relative to living in, maintaining a house plus absurd property taxes. I ended up moving to a high rise apt. I pay rent (not cheap), but absolutely NO upkeep. My fridge goes out, I will have a brand new one free same day . I have 3 bills other than rent. $30 wifi, Electric is 120 or so summer and winter, Direct TV. that is it. Oops forgot my wonderful housekeeper who has been with me 27yrs. 1600ft for me and the cat (I travel a lot and the cat is lock ad leave )and partner when she is in town from Newport California is more than plenty. No more yard guy, pool guy ect. It's not for everyone, but I was just going to move there a year or so to figure it out. Been there 9yrs now. Being quasi single, I just don't want a house and what comes with it.

J.R. said:

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boognish_bear said:

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I'm GenX...once our kids are fully out on their own we will definitely be downsizing. We don't need all this square footage.

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I'm at the beginning of Gen X. Got my urchins out of university and grad school and on their own. Man, I do understand not needing a lot of stuff that is necessary with kids. I've been there, done all that relative to living in, maintaining a house plus absurd property taxes. I ended up moving to a high rise apt. I pay rent (not cheap), but absolutely NO upkeep. My fridge goes out, I will have a brand new one free same day . I have 3 bills other than rent. $30 wifi, Electric is 120 or so summer and winter, Direct TV. that is it. Oops forgot my wonderful housekeeper who has been with me 27yrs. 1600ft for me and the cat (I travel a lot and the cat is lock ad leave )and partner when she is in town from Newport California is more than plenty. No more yard guy, pool guy ect. It's not for everyone, but I was just going to move there a year or so to figure it out. Been there 9yrs now. Being quasi single, I just don't want a house and what comes with it.

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I get it.

RD2WINAGNBEAR86 said:

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boognish_bear said:

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BREAKING: VP JD Vance says the Trump administration will surge housing affordability through mass deportations.

— Leading Report (@LeadingReport) November 13, 2025

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I think he is right regarding folks that are renting. As far as folks wanting to buy their own home,- minimal impact.

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Yeah, the impact is not direct but there still is an impact. More importantly - "housing costs" stats include rent……. So if he improves stats, he has talking points that actually do help young people (which is where he's bleeding support)

This is an incredibly similar graph to turnout among white people by age in a recent Florida special election. Pretty cool corroboration of David's point. Young Republicans are disengaged, they don't vote in specials and they don't answer polls. But they do vote for President. https://t.co/WxAeEL3QAZ pic.twitter.com/ZlRgenrpX3

— Jesse Richardson 🔸⏹️ (@PoliticalKiwi) August 6, 2025

J.R. said:

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boognish_bear said:

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I'm GenX...once our kids are fully out on their own we will definitely be downsizing. We don't need all this square footage.

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I'm at the beginning of Gen X. Got my urchins out of university and grad school and on their own. Man, I do understand not needing a lot of stuff that is necessary with kids. I've been there, done all that relative to living in, maintaining a house plus absurd property taxes. I ended up moving to a high rise apt. I pay rent (not cheap), but absolutely NO upkeep. My fridge goes out, I will have a brand new one free same day . I have 3 bills other than rent. $30 wifi, Electric is 120 or so summer and winter, Direct TV. that is it. Oops forgot my wonderful housekeeper who has been with me 27yrs. 1600ft for me and the cat (I travel a lot and the cat is lock ad leave )and partner when she is in town from Newport California is more than plenty. No more yard guy, pool guy ect. It's not for everyone, but I was just going to move there a year or so to figure it out. Been there 9yrs now. Being quasi single, I just don't want a house and what comes with it.

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That explains it. You're a crazy cat lady.

whiterock said:

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J.R. said:

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boognish_bear said:

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I'm GenX...once our kids are fully out on their own we will definitely be downsizing. We don't need all this square footage.

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I'm at the beginning of Gen X. Got my urchins out of university and grad school and on their own. Man, I do understand not needing a lot of stuff that is necessary with kids. I've been there, done all that relative to living in, maintaining a house plus absurd property taxes. I ended up moving to a high rise apt. I pay rent (not cheap), but absolutely NO upkeep. My fridge goes out, I will have a brand new one free same day . I have 3 bills other than rent. $30 wifi, Electric is 120 or so summer and winter, Direct TV. that is it. Oops forgot my wonderful housekeeper who has been with me 27yrs. 1600ft for me and the cat (I travel a lot and the cat is lock ad leave )and partner when she is in town from Newport California is more than plenty. No more yard guy, pool guy ect. It's not for everyone, but I was just going to move there a year or so to figure it out. Been there 9yrs now. Being quasi single, I just don't want a house and what comes with it.

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That explains it. You're a crazy cat lady.

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crazy cat man! yes. Loves me some cats. Love dogs too. don't want a dog in a high rise. Not walking them in the heat, cold, rain ect.

Maybe here is why.... Vance: Biden Made Homes Unaffordable by Importing Millions of Illegals

ScottS said:

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Maybe here is why.... Vance: Biden Made Homes Unaffordable by Importing Millions of Illegals

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Yep. Isn't rocket science. Markets work on base-line growth. If you import 10-12m people, you need 10-12m places for them to live, in addition to whatever is the base-line growth of the population. If you come up 6-8m residences short.....price theory kicks into gear. Demand exceeding supply = higher prices. and that pressure is felt most at whatever portion of the market the extra demand appears. For illegals, that's the bottom of tiers of the market. Effects ripple out from there.

Watters: Baby boomers will eventually pass away, and when they do, they will all do it at the same time, and then millions and millions of homes will become available like that. pic.twitter.com/jhN8Qxjr9d

— Acyn (@Acyn) November 14, 2025

Anyone surprised the ostensibly radically extremist BlackRock keeps buying up homes and inflating prices?

Always do what I say not what i do with LWNJs.

Harrison Bergeron said:

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Anyone surprised the ostensibly radically extremist BlackRock keeps buying up homes and inflating prices?

Always do what I say not what i do with LWNJs.

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Blackrock doesn't give a flying **** about politics…except how it affects their profits. They would abort a baby in church one day and throw a gay man off the roof the next if it increased their profits.

boognish_bear said:

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Watters: Baby boomers will eventually pass away, and when they do, they will all do it at the same time, and then millions and millions of homes will become available like that. pic.twitter.com/jhN8Qxjr9d

— Acyn (@Acyn) November 14, 2025

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Lol what???

They will do it over a long period of time. It may be rapid in terms of human history or some other long term view but for the average person it will be a long time. Like a 30 year period that actually has already started. But the rest of them will pass here and there for the next 25 years or so and be so spread out across the country that it won't make an impact on housing prices that much.

Save for South Florida, Phoenix and parts of Texas

nein51 said:

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Harrison Bergeron said:

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Anyone surprised the ostensibly radically extremist BlackRock keeps buying up homes and inflating prices?

Always do what I say not what i do with LWNJs.

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Blackrock doesn't give a flying **** about politics…except how it affects their profits. They would abort a baby in church one day and throw a gay man off the roof the next if it increased their profits.

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It was behind all the ESG Idiocracy.

Some folks cant afford houses because they haven't done whats necessary to purchase them

WATCH🚨: Peter Doocy delivers a compelling fact-check on inflation, contrasting Trump's first year in office with Biden's:

• Overall inflation: 1.6% under Trump vs. 4.3% under Biden

• Grocery inflation: 1.4% under Trump vs. 3.8% under Biden

• Gas inflation: -5.4% under… pic.twitter.com/tUyTqVBTeF

— Officer Lew (@officer_Lew) November 15, 2025

Harrison Bergeron said:

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nein51 said:

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Harrison Bergeron said:

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Anyone surprised the ostensibly radically extremist BlackRock keeps buying up homes and inflating prices?

Always do what I say not what i do with LWNJs.

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Blackrock doesn't give a flying **** about politics…except how it affects their profits. They would abort a baby in church one day and throw a gay man off the roof the next if it increased their profits.

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It was behind all the ESG Idiocracy.

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Yeah because it benefited them.

Here's this thing you need to do and no one does it except us so just give us your money and you'll be fine.

Blackrock is the devil but you're missing the forest through the trees. It's 100% about money.

nein51 said:

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Save for South Florida, Phoenix and parts of Texas

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Florida in general. We are seeing 1000 a day moving in. The growth is incredible

FLBear5630 said:

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nein51 said:

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Save for South Florida, Phoenix and parts of Texas

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Florida in general. We are seeing 1000 a day moving in. The growth is incredible

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As I get older I get why. We are heading to Miami next week. My skin will be better, my joints are better, the hair is better…I understand why old people move there in droves.

nein51 said:

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Save for South Florida, Phoenix and parts of Texas

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Even in those areas I don't think enough boomers will be passing all at once to make it a noticeable rise in homes for sale. Even in a small market like the Waco area because again it will be over the next 25 years. It isn't like they will all drop at once.

cowboycwr said:

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nein51 said:

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Save for South Florida, Phoenix and parts of Texas

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Even in those areas I don't think enough boomers will be passing all at once to make it a noticeable rise in homes for sale. Even in a small market like the Waco area because again it will be over the next 25 years. It isn't like they will all drop at once.

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It was mostly a joke

He is just brainstorming. It is unrealistic to maintain the terms of a loan when the collateralized asset changes along with possibly the income and creditworthiness of the borrower. Not going to happen, and if it does, look out 2008.

The 50 year mortgage is also a bad idea. Why would you take own the costs of ownership on a loan structured in such a way that equity would build at a crawl? Rent and invest in something with more reasonable carrying costs.

Realitybites said:

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He is just brainstorming. It is unrealistic to maintain the terms of a loan when the collateralized asset changes along with possibly the income and creditworthiness of the borrower. Not going to happen, and if it does, look out 2008.

The 50 year mortgage is also a bad idea. Why would you take own the costs of ownership on a loan structured in such a way that equity would build at a crawl? Rent and invest in something with more reasonable carrying costs.

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Valid point, but equally valid is this: the vast majority of equity generated at sale of the average residence is from appreciation in value, not from amortization of debt.

A 50-yr mortgage might make sense as a short-term solution for first-time buyers in strong markets.