Shawn Ryan
๐ค SpeakerAppearances Over Time
Podcast Appearances
I think it's a disaster.
But I will say that, you know, and like I said at the beginning, I'm no financial expert.
I don't know my ass from a hole in the ground with it.
But with the 50-year mortgage stuff, like โ
I understand why everybody's bitching about it, but to me, I think it's a good thing.
I understand, yes, the bank's going to make a shit ton more money in interest if you take a 50-year mortgage, because if you hold that note for 50 years, then yes, you're going to pay a shit ton more in interest.
But I don't know anybody that's held a home for 30 years that's
Not in the baby boomer generation.
Most of them haven't.
That's actually, that's like the World War II generation that was holding homes for that long.
Not baby boomers and under, correct?
I don't think people, I mean, people buy and sell their homes all the time now.
It's hard to find somebody that's lived in a home for more than 10 years.
know and so when i when i in and you hear all of the all of the younger generations about housing prices and i think they have a great point i think housing prices are super inflated um and and it is hard but you know then when you know and it sounds like there was a battle between
the Trump administration and lowering the interest rates.
They didn't get that.
And they came up with this 50 year mortgage.
To me, I feel like the 50 year mortgage is a great thing.
It cuts your payment at damn near in half.
Yes, you're going to pay more in interest.