The Scam That Made Housing Unafforadable (Video)
In this 10 October 2025 video, host Michael Bordenaro talks about how there are so many things that have made the housing market unaffordable and one of them is the 30 year mortgage. Anytime something is subsidized by the government or can be financed for a long period of time or in this case both, it drives up the price tremendously. Fast forward to today and only 30 percent of homes are affordable to the median income household in America.
The 30-year mortgage was first authorized by Congress in 1948 for new homes and in 1954 for existing homes. While the term was introduced at this time, it took until the 1960s for the 30-year mortgage to become a widely adopted standard option.
- 1948: Congress authorized the 30-year mortgage for newly constructed homes.
- 1954: The 30-year mortgage was extended to cover existing homes.
- 1960s: The 30-year mortgage became a standard and widely used option.
https://youtu.be/o_rZMm3D58k
00:00 The 30-Year Mortgage ‘Scam’ and the Housing Bubble
03:27 The Cost of a 30-Year Mortgage: An Eye-Opening Example
05:27 Mortgage Securitization and the 2000s Housing Crisis
07:47 The Blue Jasmine House is Losing Money
09:36 Adjustable Rate Mortgages: A Risky Trend Resurfaces
11:09 Conflicting Data: Housing Affordability vs. Market Reality
13:01 Strategic Advice: Selling Now, Renting, and Capitalizing on Future Price Drops
13:57 Foreclosure Spike: A Sign of Mounting Financial Stress
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