Trump’s 50 Year Mortgage

What a joke! This is his plan for affordable housing. It seems more like an admission of failure that he can't keep his promise to lower housing costs. It actually increases costs substantially when you factor in the interest. Not to mention when a home hits certain milestones it needs updates and expensive repairs sometimes unexpected. A lot of folks finance these repairs via home equity loans. 

Hell with in 15 - 20 years most folks need a new roof, new heating and air and as I found out myself, if the building codes have changed since you purchased your home you will have to bring it up to code in order to sell it.

https://www.cnn.com/2025/11/11/business/fifty-year-mortgage

Never gonna happen.

He thought that through about as much as he did his annexation plan for Greenland.

Whatever hairbrained idea he sees someone talk about on FOX News he barfs out in a tweet at 3:00AM while he's sleepwalking around the West Wing.

If he wants to help housing prices go down he can release the tariffs on all the contruction materials used to build them.   Or maybe the Supreme Court will do that for him.

It might be a more viable plan if MAGA hadn't killed the mortgage interest deduction.

If he wants to help housing prices go down he can release the tariffs on all the contruction materials

Incorrect

Construction costs went up 40% in 2022 and never went back down

https://www.constructiondive.com/news/covid-impact-construction-prices-materials/742087/

And you, stupid Tom, are saying there's no such thing as tariffs?

"Incorrect"!

Stupid Tom.

The first sentence from Tom's March 2025 article (one month before tariffs implemented).

"Although supply chains have rebounded, material costs are 40% higher than before the global pandemic started, and new tariffs could bring more hikes."

Trump specifically has taxed lumber, steel, kitchen cabinets, appliances, hvac systems - just to name a few.

And you can couple that with his deportation team rounding up all the day laborers at Home Depot.

This isnt a good topic for you, Tom.

This is a damn goofball idea.  Paying lower house payments only means higher interest payments over the long term.  Buying a $250k house, over the the course of 15 years, the monthly payment is about $500 more per month than a 30 year mortgage, while the interest is close to $100k for the 30 years.  I'm not going to even go into negative equity possibilities.    

And with the Turd ever pressuring the Fed to lower interest rates, mortgage companies/banks would be that much less interested in writing those long-term mortgages. They would, at the very least, charge exorbitant origination fees and impose all sorts of conditions (like a shiny, glittering credit score).