Posted on 11/10/2025 1:11:48 PM PST by DFG
FRANKLIN, TN — Financial consultant and radio host Dave Ramsey was reported to be in critical condition Monday after learning that President Donald Trump had begun pushing a 50-year home mortgage.
According to sources, Ramsey collapsed at his desk after reading a Truth Social post from Trump in which he pushed the concept of a 50-year home mortgage to combat the growing housing crisis.
"It was a sudden shock he wasn't able to handle," one person close to Ramsey's family said. "Just the word 'mortgage' is usually enough to cause adverse effects on Dave. The president pushing for a 50-year mortgage, however, was just more than he could bear."
Ramsey was rushed to the hospital after suffering what was suspected to have been a major cardiac event from seeing such terrible economic policy. After regaining consciousness, he condemned the president for not following his envelope method.
"You can't spend money you don't have, even if it's stretched out over 50 years. Sure, you'll be able to afford the monthly payment, but you'll never be out of debt. Ever!" Ramsey said from his hospital bed. Nurses later gave him a sedative and asked reporters to leave him alone.
Ramsey's wife asked for prayers for her husband and for Trump, that the Lord work on his heart and change his economic policy. "I love the president, but he's clearly trying to kill my husband," Sharon Ramsey said. "I told Dave to stay off Truth Social, but he didn't listen."
At publishing time, Dave Ramsey had been discharged from the hospital and was able to pay his bill in full with an envelope full of cash.
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I look like Mr. Ed
I’m not gonna tell you which end. None of your business. :-)
That’s a good point.
50 year mortgage may be one of the worst things Trump ever proposed.
Most would never pay down their mortgage ever with such a loan.
With the Babylon Bee, just the title makes me LOL. I don’t even have to read the article. :-)
LOL
maybe 5% have the discipline to do such a thing, the rest will just wait the extra on other crap they dont need. Then complain decades later when they have no equity about the growing gap between the rich and poor.
Exactly. I paid down my principal to pay off my 30 year mortgage in 7 years.
If I was buying a house now, and there was no prepayment penalty, I’d chose the 50 year with it’s lower monthly payment and pay down the principal each month.
Yup—I support many of Ramsey’s ideas—but thought this was hilarious.
Following his advice got me out of debt but cost me tons of money. Especially when it came to running a business. Oh well.
You’ll build so little equity by the time you sell the house, you might as well just rent.
i always knew you were Dave!
(snicker)
I can see how that may work for some, I would bet most would not have that discipline.
One main benefit of homeownership—even without equity gains—is control over the property (in some jurisdictions more than others).
That is sound reasoning. You have a lower payment if something happens 5 or 10 years from now to your income stream.
“50 year mortgage is as bad as a 30 if you don’t apply extra principle payments to the mortgage.”
Why is a 30 year mortgage bad?
Hahaha!
I’ve kept my hair, but yeah - when I heard this “plan”? I’m white, but I also did a Fred Sanford “I’m coming Elizabeth!”
I am usually 100% against renting, but if the only option is 50 year mortgage or rent, go with rent!
But you gotta look at the tables!
The “5 year rule” goes out the window - it becomes a “10 year rule” (at best).
A 50 yr mortgage is going to lock you into a situation where your equity simply isn’t going to allow you the standard, prior progression.
It’s going to be a trap.
You are correct, sir.
EG-freaking-zactly!
Look, appreciation/depreciation matters - but this is exactly how poor fools get suckered into buying cars they can’t afford.
“Well, golly... let’s just spread out the payments!”
I’m trying to help a family member get his finances under control and the big, blaring red light is a (very nice, I’ll admit) pickup that he’s ridiculously underwater on because he got suckered in a ridiculous *7!!!!* year loan at 14%.
I’m *trying* to help, and the milk is spilled.... but I just want to smack him and “My lord, this is... What? Why? Did you not even LOOK at the life of loan cost?”
I’m trying to do the math on his budget to just to get him to a place where he can sell the damn truck without taking a real soaking and coming up empty.
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