We do not need 50 year mortgages. The example used in the article, a $300k house, somehow only lessens the monthly payment by $200/month when extending a 30 year mortgage to 50. That’s nowhere near enough of a price difference to make it worthwhile. What would be worthwhile is recognizing wage stagnation against gross inflation and how many folks work jobs with zero benefits or paid time off, leading them to an economic reality that makes $300k houses unaffordable.
Trump proposes 50-year mortgage plan as housing costs soar
President Donald Trump has suggested creating a new 50-year mortgage plan, according to a post on his Truth Social platform.
abcnews.go.com