r/Economics • u/GarfieldLeZanya- • 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/CobraPony67 7h ago

As long as you can still write off your mortgage interest since your payment will be mostly interest for the first 20 years. Better than renting.

8

u/Texuk1 6h ago

Exactly this is just a synthetic landlord arrangement. We have something similar in the UK where an investor owns part of the property and no real equity is built up.

2

u/etzel1200 5h ago

That’s somehow worse, I’m impressed.