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Trump wants you chained to a mortgage forever [1]

['Jason Weisberger']

Date: 2025-11-11  

The Grifter-in-Chief is touting a plan only he and the people who own banks can get behind: 50-year mortgages as the answer to our housing crisis. If we assume a typical fixed rate of 6.5% and 20% down, it will take roughly 34–36 years before your monthly payment starts reducing principal faster than interest on a 50-year term.

Pay much more over time! A 50-year mortgage could see you pay double in interest payments over the term than a 30-year mortgage. Equity will build more slowly, your rates will likely be higher, and you will be house-poor. This is the sort of plan that can only come from a man held liable for knowingly faking his financials for years to get favorable bank terms.

Previously:

• Four bankrupt businesses later, Trump wants weaker SEC oversight

• Trump threatens NYC it'll get the 'very minimum,' like Melania

• Trump must pay $83.3m for defaming E. Jean Carroll

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[1] Url: https://boingboing.net/2025/11/11/trump-wants-you-chained-to-a-mortgage-forever.html

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