hph6203 said:

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It's not a reset. In your lifetime, provided you're under the age of 60 and don't die young, computers and robots will be smarter and more capable than you in all aspects. It is a trick of timing that you're saying those dumber than the productive should die. You are advocating for the future equivalent to you in competence and effort to starve.

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I am 51. So we keep us alive to live like in Star Trek but robots do everything. No thanks. And if you think that happens that quickly then there will be no revolt. How could there be? How can you revolt against robot police and military? Whatever is in control at that point will have absolute control in perpetuity. So there is no reason to keep the current eaters alive unless it is to stall until the aforementioned eventuality comes to fruition. No thanks.

I am firmly in the top 1%. A winner in our current society by any metric. And I know that a reset will be better than our current path.

agreed 100%. see my next post after this one. Homeownership isn't for everyone

Technology doesn't happen all at once. To get to the robot police we have to survive the email jockey displacement.

I've pivoted on college. Unless a kid wants to be a physician or engineer I don't see the value proposition.

hph6203 said:

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Technology doesn't happen all at once. To get to the robot police we have to survive the email jockey displacement.

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Then bring on the email jockey displacement.

jja79 said:

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I've pivoted on college. Unless a kid wants to be a physician or engineer I don't see the value proposition.

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It worked out well for me but I am fine getting government completely out of education and returning those dollars back to those paying for it.

YouBet said:

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Over_ed said:

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YouBet said:

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In addition, I think this 50-year mortgage idea is getting ahead of reality and is unnecessary simply because we are about to have a major housing glut in the next few years. We already do but it's going to get worse, and prices will HAVE to fall.

But I get why Trump is doing this. He doesn't have time to wait for that because R's are going to get murdered in the mid-terms if something doesn't give...right or wrong; fair or not...so this is him throwing a hail mary to try and get some relief out there.

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If you are talking about us boomers dying, it's going to take longer than you think. Good for us, bad for housing affordability.

Any "housing bonanza" would come from more houses going on the market than historical average. For the boomer's, our peak dying years are ~20 years out. 2044: about 4.3 M kick the proverbial bucket.

To see sizable increases "newly vacant houses" your are looking many years out. Assuming current mortality rates by age. So I guess you can look for a plague? Otherwise, will be gradual and accelerating for the next 20 years.

Not sure this is a good answer for our current affordability crisis. But it will help some.

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Dammit!! Y'all need to die faster so we can get past this crap.


Just kidding.

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I figured that was where you were counting your chickens. Sorry to disappoint. :-)

Hey, my wife and I did our parts: 2 rounds of Covid crap. So, I guess I'm like (football) Hope, you still have a chance.

Take care.

Tom Fox said:

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hph6203 said:

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It's not a reset. In your lifetime, provided you're under the age of 60 and don't die young, computers and robots will be smarter and more capable than you in all aspects. It is a trick of timing that you're saying those dumber than the productive should die. You are advocating for the future equivalent to you in competence and effort to starve.

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I am firmly in the top 1%. A winner in our current society by any metric. And I know that a reset will be better than our current path.

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George Soros is a way bigger winner than you. Maybe we should ignore the one percent and listen to the 1 in 1 million person, because financial success means you understand the world. Or maybe you're both wrong.

hph6203 said:

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Tom Fox said:

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hph6203 said:

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It's not a reset. In your lifetime, provided you're under the age of 60 and don't die young, computers and robots will be smarter and more capable than you in all aspects. It is a trick of timing that you're saying those dumber than the productive should die. You are advocating for the future equivalent to you in competence and effort to starve.

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I am firmly in the top 1%. A winner in our current society by any metric. And I know that a reset will be better than our current path.

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George Soros is a way bigger winner than you. Maybe we should ignore the one percent and listen to the 1 in 1 million person, because financial success means you understand the world. Or maybe you're both wrong.

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Having agency in your life, small government, and a meritocracy is never wrong.

Tom Fox said:

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jja79 said:

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College is a scam and unnecessary for 95% of current college students. I've got a 22 year old son who spent a minute in college and said no way. He closed on his first house 2 weeks ago and made 6 figures each of the last two years.

Two weeks ago I was with him and his buddies that went to college and they all said they wish they'd skipped college and the debt.

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Good decision for him. Well done.

But then those that it is not a scam for should be the ones going. But that should be an individual cost benefit analysis and if you chose poorly, you should suffer the repercussions. You know, individual responsibility and all.

I went back to college to change fields. Did a cost benefit analysis and less than 10 years post graduation I am making 7 figures when I made low 6 figures prior to the change. It cost me almost $300k to make that change, but it was well worth it.

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If you don't mind me asking, what field did you change to that had you making 7 figures less than 10 years after graduating. That's amazing. Good on you!

At the end of the day a 50 versus 30 does not do really much payment wise. Even assuming same rate which i would assume a 50 would be higher than a 30, on a 300k note the difference is only $220 a month. If $220 is putting you in a bind each month then perhaps that person is not cut out for ownership because there will be times where home repairs can end up being 5,10 even 100x of that which they would have to be prepared for.

jjtrcka22 said:

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Tom Fox said:

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jja79 said:

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College is a scam and unnecessary for 95% of current college students. I've got a 22 year old son who spent a minute in college and said no way. He closed on his first house 2 weeks ago and made 6 figures each of the last two years.

Two weeks ago I was with him and his buddies that went to college and they all said they wish they'd skipped college and the debt.

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Good decision for him. Well done.

But then those that it is not a scam for should be the ones going. But that should be an individual cost benefit analysis and if you chose poorly, you should suffer the repercussions. You know, individual responsibility and all.

I went back to college to change fields. Did a cost benefit analysis and less than 10 years post graduation I am making 7 figures when I made low 6 figures prior to the change. It cost me almost $300k to make that change, but it was well worth it.

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If you don't mind me asking, what field did you change to that had you making 7 figures less than 10 years after graduating. That's amazing. Good on you!

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I own my own criminal defense firm with 2 other equity partners and 9 total staff/attorneys.

Tom Fox said:

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hph6203 said:

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Tom Fox said:

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hph6203 said:

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It's not a reset. In your lifetime, provided you're under the age of 60 and don't die young, computers and robots will be smarter and more capable than you in all aspects. It is a trick of timing that you're saying those dumber than the productive should die. You are advocating for the future equivalent to you in competence and effort to starve.

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I am firmly in the top 1%. A winner in our current society by any metric. And I know that a reset will be better than our current path.

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George Soros is a way bigger winner than you. Maybe we should ignore the one percent and listen to the 1 in 1 million person, because financial success means you understand the world. Or maybe you're both wrong.

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Having agency in your life, small government, and a meritocracy is never wrong.

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Scenario: Small government with little manpower. Defense attorney represents sex trafficking clients, they are in reality sex traffickers. Defense attorney knows the government can't validate evidence so he manufactures evidence to routinely get his clients cases dismissed. He does this because he has the capability and competence. He is better at this than any other defense attorney and is flush with clients.

He has agency, he is competent, his clients believe what he does has merit and the government is small. Is this wrong?

We are on the brink of financial catastrophe IMO. 13% of the population on SNAP. You can finance a TV, finance a microwave, finance a luxury belt. $1000+ car payments, 50yr mortgages. Six figure college tuition.

Additionally, everything has become a subscription model. You don't own any music, you just pay Spotify. You don't own any DVDs, you just pay Netflix. Soon, there will be car subscriptions. Even home "owner"ship in Texas is a subscription via high property tax. We are being conditioning to define personal finance as our monthly expenses. Not long term financial stability.

Many people are in financial ruin due to their own terrible personal financial decisions, no doubt. But there are also a large number of fiscally responsible people that are feeling squeezed. No one wants to drive 90 mins to work every day just to afford a starter home, and cutting out the biweekly Starbucks ain't gonna cover the $1MM+ price tag to get a decent place near a city center

hph6203 said:

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Tom Fox said:

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hph6203 said:

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Tom Fox said:

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hph6203 said:

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It's not a reset. In your lifetime, provided you're under the age of 60 and don't die young, computers and robots will be smarter and more capable than you in all aspects. It is a trick of timing that you're saying those dumber than the productive should die. You are advocating for the future equivalent to you in competence and effort to starve.

---

I am firmly in the top 1%. A winner in our current society by any metric. And I know that a reset will be better than our current path.

---

George Soros is a way bigger winner than you. Maybe we should ignore the one percent and listen to the 1 in 1 million person, because financial success means you understand the world. Or maybe you're both wrong.

---

Having agency in your life, small government, and a meritocracy is never wrong.

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Scenario: Small government with little manpower. Defense attorney represents sex trafficking clients, they are in reality sex traffickers. Defense attorney knows the government can't validate evidence so he manufactures evidence to routinely get his clients cases dismissed. He does this because he has the capability and competence. He is better at this than any other defense attorney and is flush with clients.

He has agency, he is competent, his clients believe what he does has merit and the government is small. Is this wrong?

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Manufacturing evidence is wrong and illegal. Outside of that, in our system of justice even sex traffickers are innocent until proven guilty and are entitled to the best defense they can afford. Now, keep in mind sex traffickers may not have a lot of funds at the ready to pay for high-end defense attorneys. Diddy, Epstein, Weinstein, Hunter Biden have the means and connections to escape the most serious charges in this area.

Again, cheating with manufactured evidence is not displaying capability nor competence. Poor example and even poorer since it was intended as a bit of a hit job.

Like the people who make rationale arguments regarding Epstein files are subsequently labeled as pedo defenders.

hph6203 said:

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Tom Fox said:

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hph6203 said:

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Tom Fox said:

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hph6203 said:

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It's not a reset. In your lifetime, provided you're under the age of 60 and don't die young, computers and robots will be smarter and more capable than you in all aspects. It is a trick of timing that you're saying those dumber than the productive should die. You are advocating for the future equivalent to you in competence and effort to starve.

---

I am firmly in the top 1%. A winner in our current society by any metric. And I know that a reset will be better than our current path.

---

George Soros is a way bigger winner than you. Maybe we should ignore the one percent and listen to the 1 in 1 million person, because financial success means you understand the world. Or maybe you're both wrong.

---

Having agency in your life, small government, and a meritocracy is never wrong.

---

Scenario: Small government with little manpower. Defense attorney represents sex trafficking clients, they are in reality sex traffickers. Defense attorney knows the government can't validate evidence so he manufactures evidence to routinely get his clients cases dismissed. He does this because he has the capability and competence. He is better at this than any other defense attorney and is flush with clients.

He has agency, he is competent, his clients believe what he does has merit and the government is small. Is this wrong?

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The reality is that it will hurt my business. Small government doesn't make arrests. If the inputs go away, my performance in court doesn't really matter because I have so few potential clients. A large government apparatus is awesome for business. 95% of my clients are guilty and their cases are resolved through negotiation, not an adversarial hearing.

I am also benefitted by entitlements. Money is fungible and when stimulus checks happened the money rolled in and I can recapture much of what I lose in taxation.

I don't care. It is not good for humans to live in a huge government managed society.

I have changed occupations before. I can do something else. More importantly so can my kids and grandkids.

Hungry said:

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We are on the brink of financial catastrophe IMO. 13% of the population on SNAP. You can finance a TV, finance a microwave, finance a luxury belt. $1000+ car payments, 50yr mortgages. Six figure college tuition.

Additionally, everything has become a subscription model. You don't own any music, you just pay Spotify. You don't own any DVDs, you just pay Netflix. Soon, there will be car subscriptions. Even home "owner"ship in Texas is a subscription via high property tax. We are being conditioning to define personal finance as our monthly expenses. Not long term financial stability.

Many people are in financial ruin due to their own terrible personal financial decisions, no doubt. But there are also a large number of fiscally responsible people that are feeling squeezed. No one wants to drive 90 mins to work every day just to afford a starter home, and cutting out the biweekly Starbucks ain't gonna cover the $1MM+ price tag to get a decent place near a city center

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You can rent your TV and furniture. You have had this privilege for 40 years. And this about the time store credit cards allowed you to finance a fresh pair of panties and some heels if you desire.

There are car subscriptions. They are mostly high end. Or you could make a legit argument a car lease is a subscription.

And no matter what state you live in you lease your land from the government. It's part of the civil contract of living in civilized society. Without the governments help, you would be woefully ill prepared to support yourself on your little plot of suburbia nor would you be able to defend it against all enemies foreign and domestic. You rely on government for that.

We aren't on the brink of anything other than ~50% of America thinking it's cute to vote for Kamala or Biden because the responsibility prescribed by Rs is just too much hard work.

Some subscriptions make sense for me (music and games) but most do not. The problem is everything is becoming a sub simply to make us never ending revenue streams. We are the product.

flown-the-coop said:

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Hungry said:

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We are on the brink of financial catastrophe IMO. 13% of the population on SNAP. You can finance a TV, finance a microwave, finance a luxury belt. $1000+ car payments, 50yr mortgages. Six figure college tuition.

Additionally, everything has become a subscription model. You don't own any music, you just pay Spotify. You don't own any DVDs, you just pay Netflix. Soon, there will be car subscriptions. Even home "owner"ship in Texas is a subscription via high property tax. We are being conditioning to define personal finance as our monthly expenses. Not long term financial stability.

Many people are in financial ruin due to their own terrible personal financial decisions, no doubt. But there are also a large number of fiscally responsible people that are feeling squeezed. No one wants to drive 90 mins to work every day just to afford a starter home, and cutting out the biweekly Starbucks ain't gonna cover the $1MM+ price tag to get a decent place near a city center

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You can rent your TV and furniture. You have had this privilege for 40 years. And this about the time store credit cards allowed you to finance a fresh pair of panties and some heels if you desire.

There are car subscriptions. They are mostly high end. Or you could make a legit argument a car lease is a subscription.

And no matter what state you live in you lease your land from the government. It's part of the civil contract of living in civilized society. Without the governments help, you would be woefully ill prepared to support yourself on your little plot of suburbia nor would you be able to defend it against all enemies foreign and domestic. You rely on government for that.

We aren't on the brink of anything other than ~50% of America thinking it's cute to vote for Kamala or Biden because the responsibility prescribed by Rs is just too much hard work.

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The national debt has grown under every recent D and R administration. The cost of housing has disproportionally outpaced wage growth under every recent D and R administration. It's a real issue. I am very fortunate to not have financial stress in my life. But I want school teachers and police officers to be able to experience home ownership without taking on a 50yr mortgage.

Some ISDs and some local govs have programs to help subsidize housing for teachers and other public servants.

Pflugerville has an RFP now out for this, $38 million project.

Or we could pay them more.

Or offer a 50 year mortgage.

Or people can live on less desirable areas.

Lots of choices here in America.

Sure, no problem. Buy a 12-1600 sq ft home like a 3/2.
They need to learn to live in what they can afford. I think the old rule was total housing costs of 25 percent of gross salary.

If that's a smaller home, then so be it. Buy it and be happy.

Nothing about ethics in that. Illegal is ethics. Wrong is ethics. My attorney is successful and doesn't get caught. That's meritocracy. I'm illustrating how shallow that claim was, but instead of acknowledging it he doubled down. In his response he doesn't say it's wrong, he says it's a tolerable outcome of a small government. That more criminality is a tolerable outcome of small government. That the defendant in my scenario wouldn't exist so no evidence need be manufactured.

His posts suggests he prefers a more vigilante society than the modern variety. Might is right, not innocent until proven guilty. One of inconsiderate self interest. You think that was a hit job, it was just a representation of what he would allow by his own admission to not pay taxes as a collective effort to solve societal problems. Because small government is always better government.

Mas89 said:

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Sure, no problem. Buy a 12-1600 sq ft home like a 3/2.
They need to learn to live in what they can afford. I think the old rule was total housing costs of 25 percent of gross salary.

If that's a smaller home, then so be it. Buy it and be happy.

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It's not that simple. A 1200sqft house in my area is 500-600k, and it's not considered a nice area by any stretch. Your 500k house is surrounded by other houses that are run down and with people that have cars sitting in their backyards. I'm in Dallas, not Austin or NYC or San Francisco. These same houses near me at that price point sold for 250k just a few years ago. If your next response is to move to Celina or Prosper or Frisco, the problem is everyone else has had the same idea and the housing there is typically just as expensive and less convenient (albeit with much better schools). If your response is to move to a different city, the smaller cities generally have less job opportunity and lower wages.

It is what it is, and I am very thankful to have a well paying job that helps mitigate some of these increased costs. But IMO housing has become way too expensive and it's proven out by data showing the cost of housing versus wage growth over time. If housing wasn't so expensive I doubt we'd be talking about 50yr mortgages. Not everyone needs a 4000sqft house with a movie room, but the days of a $250k decent little starter home in a safe neighborhood are long gone, at least in my area.

I do agree with you though that too many people think they need/deserve a huge house. No, they really don't. But the issue is even the small houses close to cities have become way too expensive for what they are

I haven't driven a new vehicle since 2004, and I haven't had a car payment in years. Sure, I could choose to finance a nice loaded Tahoe, but why? No one give a flip what you drive.

Buford T. Justice said:

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I haven't driven a new vehicle since 2004, and I haven't had a car payment in years. Sure, I could choose to finance a nice loaded Tahoe, but why? No one give a flip what you drive.

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I agree, my car is paid off and it's nice but it was very inexpensive relative to what I could afford. But now people can finance vehicles for 84 months which leads to them getting into cars they have no business being in. That is my exact concern with 50yr mortgages. Not only do you pay a boatload of interest, but you also allow people to get into houses they otherwise could not afford because all they see is a lower monthly payment.

Personal responsibility of course plays a huge role in this but a lot of people make poor decisions and shouldn't even have the option of financing certain assets for that long IMO

The other part is that they cannot afford property taxes, we are living in make believe times, none of this is making sense!!!

“I was there, Gandalf. I was there three thousand years ago. I was there when I took out the current mortgage on Rivendell.” pic.twitter.com/WVfBAvBmQW

— Raven (@raven_brah) November 9, 2025

hph6203 said:

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Nothing about ethics in that. Illegal is ethics. Wrong is ethics. My attorney is successful and doesn't get caught. That's meritocracy. I'm illustrating how shallow that claim was, but instead of acknowledging it he doubled down. In his response he doesn't say it's wrong, he says it's a tolerable outcome of a small government. That more criminality is a tolerable outcome of small government. That the defendant in my scenario wouldn't exist so no evidence need be manufactured.

His posts suggests he prefers a more vigilante society than the modern variety. Might is right, not innocent until proven guilty. One of inconsiderate self interest. You think that was a hit job, it was just a representation of what he would allow by his own admission to not pay taxes as a collective effort to solve societal problems. Because small government is always better government.

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I wasn't going to dignify that idiocy with a response. I spent over two decades as a Fed Leo and prosecutor. I would never lie or cheat but I did have fellow government employees do so and they are still employed there. I honestly enjoy my time as a check against overzealous government than I ever did working for the man.

Small government is always better than large government.

And yet you argued small government permits criminality by not making arrests:

Tom Fox said:

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The reality is that it will hurt my business. Small government doesn't make arrests.

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hph6203 said:

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And yet you argued small government permits criminality by not making arrests:

Tom Fox said:

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The reality is that it will hurt my business. Small government doesn't make arrests.

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Yep I prefer dangerous freedom to peaceful slavery. I provide my own security homie, you should do the same. When seconds matter, the government will be there in minutes.

Jus for my own edification, are you a conservative or liberal?

I live in a neighborhood where about 50% of houses are renters and 50% are owners

Take 2 identical houses and the renters pays a solid $700 more per month, and that was years ago. I assume its more now

1 renter a few houses down a few years back had a Bently and 1 of those $85K SUVs in the driveway of the house they were renting

I'm a conservative. Not a Hunger Games conservative. And one that believes technology is advancing at a rate that people born today are likely going to struggle substantially in finding jobs where they can be useful in 20 years. I don't think the appropriate response to technology supplanting a large proportion of workers over that time frame is let them starve and if they cause problems in the process, shoot them. You have what I would call an excessive appreciation for money and a lack of appreciation for humanity. It is disturbing.

hph6203 said:

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I'm a conservative. Not a Hunger Games conservative. And one that believes technology is advancing at a rate that people born today are likely going to struggle substantially in finding jobs where they can be useful in 20 years. I don't think the appropriate response to technology supplanting a large proportion of workers over that time frame is let them starve and if they cause problems in the process, shoot them. You have what I would call an excessive appreciation for money and a lack of appreciation for humanity. It is disturbing.

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I have an excessive appreciation of individualism over collectivism. Toxic empathy has gotten us in this predicament. I just don't have any left. I respect loyalty, courage, self reliance and achievement. I have no use for people that cannot fend for themselves.

15 yr mortgages in residential seem to have very little upside compared to 30 yr mortgages these days. I'm curious, if this really happens, how long it will take for 50 yr mortgages to become the norm

the average first time buyer only lives in their home 5-7 years anymore, so its not like people are living out their mortgages often anyway.

AtomicActuator said:

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Aggie95 said:

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Why not

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Because it will dramatically increase the number of people who will be upside down the next time housing prices drop. And we learned already that you really don't want a lot of people upside down on their mortgages.

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yep!
this idea is just another nail in the coffin for the NEXT economic collapse

you will have MILLIONS of people WHO CANNOT AFFORD A HOME now having mortgages!

what happens when they stop paying?