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Author Topic: Trump admin ‘working on plan’ to roll out 50-year mortgage to address housing costs  (Read 335 times)

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Offline mystery-ak

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Trump admin ‘working on plan’ to roll out 50-year mortgage to address housing costs
« on: November 10, 2025, 09:04:41 am »
Trump admin ‘working on plan’ to roll out 50-year mortgage to address housing costs
November 10, 2025 | Kevin Haggerty

The president’s latest proposal, aiming to tackle housing affordability, found conservatives more than skeptical and offering an in-progress alternative.

Not long after inviting White House Press Secretary Karoline Leavitt to deliver a tongue-lashing to corporate media about their coverage of affordability, President Donald Trump took to Truth Social to float a new idea aimed at helping the young work around increased costs and crippling interest rates. However, the proposed 50-year mortgage had the right ripping into what was seen as a gift to banks and a certain path to stifle actual homeownership.

On the administration side of things, Federal Housing Finance Agency (FHFA) Director Bill Pulte shared a Truth Social post from Trump that featured him juxtaposed with President Franklin D. Roosevelt as “Great American Presidents” with a 30-Year Mortgage caption over the latter and a 50-Year Mortgage caption over the former.

“Thanks to President Trump, we are indeed working on The 50 year Mortgage — a complete game changer,” wrote the director.


https://twitter.com/pulte/status/1987228558226280813

more
https://www.bizpacreview.com/2025/11/10/trump-admin-working-on-plan-to-roll-out-50-year-mortgage-to-address-housing-costs-1598984/
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Offline Hoodat

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Re: Trump admin ‘working on plan’ to roll out 50-year mortgage to address housing costs
« Reply #1 on: November 10, 2025, 09:18:34 am »
Here's a better idea.  Balance your own books and stop stealing value from the American public by expanding the money supply.

Oh, and get the federal government the hell out of the mortgage business.
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Offline Fishrrman

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Re: Trump admin ‘working on plan’ to roll out 50-year mortgage to address housing costs
« Reply #2 on: November 10, 2025, 05:09:03 pm »
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Offline Timber Rattler

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Re: Trump admin ‘working on plan’ to roll out 50-year mortgage to address housing costs
« Reply #3 on: November 10, 2025, 05:16:48 pm »
A 50-year mortgage is crazy.

 :pootrump:
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Offline catfish1957

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Re: Trump admin ‘working on plan’ to roll out 50-year mortgage to address housing costs
« Reply #4 on: November 10, 2025, 05:20:18 pm »
The bedrock of building wealth is getting out and staying out of debt.

Anyone who considers crap like this doesn't give a flip about their descendants.
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Offline berdie

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Re: Trump admin ‘working on plan’ to roll out 50-year mortgage to address housing costs
« Reply #5 on: November 10, 2025, 05:40:25 pm »
Sadly, I see how this happens. I remember when car loans got longer...and longer, because the cost of cars had increased.

The same thing is happening with real estate prices. They get higher and higher= longer loans to entice buyers.

Yeah, I know the largest part of the  interest is collected upfront. But I think most young(er) buyers focus on the monthly payment...not the overall cost of the loan because....they probably are not going to keep the real estate (or vehicle) to the term of the loan.

It's, for the most part, us oldies but goodies that pay off vehicles and houses and keep them.
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Offline Kamaji

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Re: Trump admin ‘working on plan’ to roll out 50-year mortgage to address housing costs
« Reply #6 on: November 10, 2025, 06:50:15 pm »
We pretty much already have a 50-year mortgage:  it’s called a lease.
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Offline Wingnut

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Re: Trump admin ‘working on plan’ to roll out 50-year mortgage to address housing costs
« Reply #7 on: November 10, 2025, 06:51:17 pm »
Quote from: Kamaji on November 10, 2025, 06:50:15 pm
We pretty much already have a 50-year mortgage:  it’s called a lease.

Whatcho talkin about Willis?
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Offline Wingnut

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Re: Trump admin ‘working on plan’ to roll out 50-year mortgage to address housing costs
« Reply #8 on: November 10, 2025, 06:54:21 pm »
Quote from: catfish1957 on November 10, 2025, 05:20:18 pm
The bedrock of building wealth is getting out and staying out of debt.

Anyone who considers crap like this doesn't give a flip about their descendants.
I hear what you are saying.  But me being me...
I don't give a crap about passing down anything.  I want to go out with a balance of Zero.
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Offline libertybele

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Re: Trump admin ‘working on plan’ to roll out 50-year mortgage to address housing costs
« Reply #9 on: November 10, 2025, 08:07:27 pm »
Quote from: Timber Rattler on November 10, 2025, 05:16:48 pm
A 50-year mortgage is crazy.

 :pootrump:

It is crazy. So .... the game plan is to make it so that nobody will be able to afford anything (except the elite) and we will become subservient. 

With AI swallowing up jobs and prices continuing to rise it's not going to be long.

I had heard a few years ago that when 'Boomers' pass it will be the greatest transfer of wealth ever to the next generation.  However ... IMO those who inherit a home, with the extreme increase in property taxes and insurance they likely  won't be able to afford to stay in the home.  Even with estate planning, things will become unaffordable.  All part of the gov't plan to assure you own nothing.  Zilch.  Notta.   Most people therefore will become dependent on gov't and gov't will gain control of not only all assets but people.
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Offline DB

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Re: Trump admin ‘working on plan’ to roll out 50-year mortgage to address housing costs
« Reply #10 on: November 10, 2025, 08:36:34 pm »
Just cut to the chase and call it renting a home from the bank...
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Offline Smokin Joe

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Re: Trump admin ‘working on plan’ to roll out 50-year mortgage to address housing costs
« Reply #11 on: November 10, 2025, 10:37:23 pm »
Quote from: DB on November 10, 2025, 08:36:34 pm
Just cut to the chase and call it renting a home from the bank...
Yep. For the first twenty years, the 'P' in PITI would be negligible.

The good news is that for a pittance early on, the amount of actual principle reduction could be doubled or more.
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