Slow-Death by 99-50-30 Year Mortgage
or
The Great American Dream Lost Forever
During the great era of the early 1990s, every country suffered setback of their internal economy after massive expenditures on the Cold War.
Since then, many countries have faced depressions, recessions, and sluggish country economic poor performance. The most notable of the largest economies to lead and fall into a deep depression cycle was Japan.
The last thirty-five years in Japan now serve as to what other countries are to expect in the prolonged global depression cycle from the effect of loose monetary policy low interest rates, massive consumer and business credit lines and debt expansion, inflated asset values, ever increasing weak national currency, extreme government increase in employment and spending, expanded control of the rate of increase of the money supply, expand imprudently the national debt, vast new and expanded existing programs of socialism.
The most notable socialist government program underway is national guaranteed income and national health care. The main reason for this being a necessity and no longer an option, governments are losing control of their populations and those holding office are under threat.
All future government programs will be provided in virtual currency. There will be no debt ceiling, no budget, and no spending limit … total society financial control mechanism.
The significance of the Japanese economic performance serve the world as the model to the program countries are following today to stymie the economic collapse of their country. In 1991, Japan introduced you to the future and the 99-year mortgage.
America Leads the Way – Follows Japan
In 1913 with the creation of the Federal Reserve, America switched from a cash society to a credit and debt economy. Ever since, Americans have slowly fallen behind in their finances and quality of life.
The radial dollar emits credit and debt in every direction and all things. Only the 5% entrepreneurs have been successful to escape.
The three-generation 99-year mortgage, two-generation 50-year mortgage, and the one-generation 30-year term mortgage save a few hundred dollars per month in principal and interest payment. The cost for a few hundred dollars per month less in the mortgage payment each month is hundreds-of-thousands of dollars paid back over the contract term.
Your credit score doesn’t matter. The only thing that matters is you can make the first mortgage payment.
These forever renters will own little to nothing during their lifetime. In all my books and teachings over the years, there is no exception.
Eventually, all home equity gets eaten up by a lack of ability to pay property taxes, homeowner insurance, and HOA fees. This is the new standard of death and taxes.
The typical American sells their home and moves on average about every 5-years. The additional cost of buying, selling, and moving to another home each time increases the debt of the homeowner of around $20,000 each time in closing costs.
The 5-year move is mostly predicated upon the homeowner spending more than their income and running out of cash. To stay solvent, the home has gained some equity and the sale of the home provides another 5-year float infusion of cash.
The closing statement on buying and selling a home for 95% of Americans is a primary reason these families can’t ever get ahead. A home should be a profitable investment and, in most cases, the largest lifetime investment.
Warning: the 99-50-30-year mortgage is a sterling warning sign. We are entering again the lifecycle where families out of financial necessity will live together in one home while helping each to build their own home a little at a time with cash becoming debt-free and independent.
It is rare for any home-purchaser to stay in their home during their entire lifetime and pay off the cost of the home early in the mortgage contract. The few who do find their home becomes their greatest asset, greatest savings, and most secure accumulation of wealth.
You can slowly suffocate financially with a 99-50-30-year mortgage. You can watch the Great American Dream Lost Forever as you gaze into the sunset of your years.
The alternative is to realize you don’t have to accept working in debt as an economic slave all your life for others. The difference is paying cash as you go.
Copyright © 2025 Tom Grooms
The Father of Market Intelligence … The Master of the Family Business …
World Classic Author of Distinguished Literature
Caveat
This article is based upon extensive reading, research and experience.
The thoughts are the sole opinion of the author and nonadvisory and nonpolitical. The written content is based on experience, opinions, and ideas and research of the author. The author is not engaged in rendering advice. Quotation of passages for purposes of academic research, academic papers, criticism, education, review, and teaching are permitted with proper acknowledgment of the author. All rights reserved.
Source …
My Little Business (Grooms 2023)
Keeping It In The Family (Grooms 2024)
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