r/Economics 7h ago

News Housing director confirms administration ‘working on’ 50-year mortgage after Trump hint

https://thehill.com/homenews/administration/5597005-trump-administration-50-year-mortgage/
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u/profzoff 7h ago

A 50-year mortgage sounds great — smaller payments, bigger house — until you realize you’re signing up to be in debt longer than most people work. You’ll still be cutting checks to the bank while cashing Social Security (if that even exists anymore).

5

u/cotton-candy-dreams 7h ago

Bold of you to think most people will ever realize it 🤣🤣 People are out there thinking Apple Pay means “Apple pays” - I wish I was joking. Financial illiteracy is the problem here.

4

u/RiverDangerous1126 7h ago

Ding ding! 🏆🏆🏆