Worst fucking idea I've ever heard.
Make building houses cheaper with deregulations and deport the tens of millions of people that shouldn't be here so home valuations drop down to affordable levels again.
Obviously you don't want this because it hurts your networth.
Why wouldn’t you just forbid Blackrock from buying up all of the real estate and developments?
How is paying 200% in interest to the banks a “win” for the average American Family?
"So you can't afford a 30-year mortgage, but you're going to take out a 50-year mortgage to pay $300 less a month but pay $500,000 more to the bank by the end of the loan?"
"That's correct, Dave."
30 year on 500k house:
You pay $419,000 in interest!!
50 year on 500k house:
$700,000+ in interest!
Dear Trump - this is retarded...
...unless you love BANKERS!
If you bought a $500,000 house, you would pay $709,776 more in interest over 50 years than over 30 years at the current mortgage rates.
It’s a giveaway to the banks disguised as populism.
We don't need 50 year mortgages, we need to deport 40 million people and prevent BlackRock and Vanguard from buying up all the single-family homes.
This isn't complicated.
🚨 BREAKING: President Trump appears to announce his intention to normalize 50 YEAR MORTGAGES, to make it easier for young people to buy a home via lower monthly payments
He cites FDR as when the 30-year mortgage started to spread nationwide
👀