Posted on 11/10/2025 6:56:25 AM PST by Red Badger
President Trump likes to test policy proposals on social media.
This was his newest one, shared by Bill Pulte, the U.S. Director of Federal Housing and the chairman of Fannie Mae and Freddie Mac 👇
Thanks to President Trump, we are indeed working on The 50 year Mortgage - a complete game changer. https://t.co/HZDPzO0qJG— Pulte (@pulte) November 8, 2025
A 50-year mortgage would result in a slightly lower monthly payment, stretched out over 5 decades, with hundreds of thousands of extra dollars in interest.
The reactions were not kind.
But they were funny!
MANY TWEETS AT LINK>........................
I think it's safe to say that this proposal might end up in the "no-go" category.
(Excerpt) Read more at notthebee.com ...
We paid off a 30 year mortgage in 16 years, thanks to Trump.
“So will outlawing hedge fund ownership of homes.”
“Institutional Owners of Single-Family Homes: The Facts
Institutions own only 0.5% of all single-family homes in the United States and purchases have declined by ~90% since 2022...”
Another fairy tale. It doesn’t matter who owns the homes, the outcome for the market is the same.
FDR?
What’s the difference between renting your whole life, which many people do, and having a lengthy mortgage?.....Not much, except that you or your heirs will eventually own the property. You pay the taxes either way.........
The first problem is that government consumes half of the middle class’s income. If half your income is consumed by taxes it leave little for saving up for a down payment or mortgage afterword.
The second is building codes, inspections and regulations on home building. A quarter to a third of home cost can be attributed to government regulations.
There has to be better ways to insure that homes are built safely and well. And I can tell you that these regulations do not stop shoddy home construction.
You are 100% correct.
Only 5-15% of 30 year mortgages go the full 30 year time frame.
People upgrade, refinance move etc.
This is the same.
I’d gladly take a 1,000 mortgage or a 25,000 year mortgage.
“Consider the average lifespan, deduct whatever “childhood” means from that length, and the remaining years approach 50. So this may easily be seen as as lifelong indebtedness. Serfdom.”
What is the problem? My mortgage extends to when I am 106.
I am 78 and have never carried a motgage to full term.
A lot of the “defenses”, such as they are, to this idea revolve around the idea it’s just an “option”. I’m generally sympathetic to that line of reasoning - but I do think those defenses overlook:
- I guarantee the vast majority of 50 year notes are going to be FHA-backed. This puts all of us taxpayers on the hook.
- This does the opposite of lower base housing costs; indeed, it likely forms a bubble because I guarantee you find people stepping up into bigger/more expensive homes they actually can’t afford.
Look - there are precious few scenarios where this makes sense for anyone with their financial head about them. Sure - *maybe* if you can get a sub-3% and do 20% down/immediate equity AND plan to double your pri-only but keep the long tail as a fallback/opportunity?
But - it’s going to be a minority. The majority of people opting for a “50 year” are going to be people who probably cannot afford to buy otherwise. And that’s where my two points above come into play: Bailout concerns + artificial price prop/inflation.
Slightly lower payment????? Seriously????? FOR FIFTY YEARS??????
How about NO interest on a mortgage like the muslims get.
“Islamic mortgages are interest-free and offer Sharia-compliant alternatives for property purchases.”
Buyers could afford more, so sellers AGENTS will PUSH for more............
When we bought our home in 2002, every real estate agent we went to pushed us for more home than we could afford. We knew what we could afford, but they were showing us homes nearly twice the cost, saying stuff like, “Ten or fifteen years from now you’ll thank me! This price will seem so trivial, then!”..........
A bad idea. The only answer is more housing supply, not inducing the housing-poor to bid-up the prices of our limited housing supply by taking forever mortgages with lower monthy payments.
“ Trump is either making a joke, got really bad advice, or actually thinks a 50 year mortgage is a good idea. Might as well implement perpetual servitude and generational debt as the new Amerikan Dream.”
Kids around this flyover town are purchasing terrible little homes for $450 at 7.2 interest. With any kind of a professional degree, and a student loan, they’re starting off with 3/4 million debt
Lower the price of housing? That never goes down. Some prices do not go down
These kids are in perpetual servitude they can’t have families
One thing to keep in mind, perpetual rent keeps people from caring about the Country
IIRC, that is only to other Muslims, not infidels.
Infidels pay usurious interests..........
“What’s the difference between renting your whole life, which many people do, and having a lengthy mortgage?.....Not much, except that you or your heirs will eventually own the property. You pay the taxes either way.........”
With a mortgage your loan payment stays the same. Taxes and insurance increase but same for renters.
Rents increase as property values go up. The owner pockets a small income and builds equity.
Renting can be the right choice for some.
Taxes affect
“Incentives for companies/builders building smaller, less expensive homes for folks who don’t want a McMansion and/or the taxes and costs that come with one.”
To build a house much larger isn’t that much more expensive.
Many costs go up by the square root and not linearly.
To double the size of a house:
1. ~40% more studs
2. ~40% more wall OSB & siding
3. ~40% longer interior electric wire & horizontal plumbing runs
4. ~40% more cabinets
5. 100% more roof & floor plywood & flooring
6. ~100% more for trusses & joists
7. ~60% drywall & paint
The onsite labor costs goes up by about 40%.
The offsite labor costs goes up by very little.
Whoopy! The payment difference on a $200,000 mortgage is $142 per month.
Either Trump is pulling our legs or he is nuts...thinking the latter.. Why would anyone with half a brain indebt themselves for 50 years?
“How about NO interest on a mortgage like the muslims get.”
It may not be called interest but they still pay it to the lender.
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