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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It’s also not addressing the real issue.
Boot 60 million illegals and we’ll have simultaneously plenty of cheap housing and better wages for low-skill workers.
Problem solved.
14%?
That’s a Carter-era interest rate.
FYI. In Japan………,
Historical context: These long-term mortgages were a part of the period of excessive credit and rising real estate prices before the collapse of Japan’s financial system in the early 1990s.
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The reason this is being proposed is to keep real estate at current valuations.
Without changes to lending market, sellers will have to drop pricing to move inventory.
Im more in favor of just abolishing property taxes, my Mom spends 18 grand in one year ALONE on property taxes in this rathole state
To me a 50 year mortgage possibly means 2 different things; either it is haome that is waytoo expensive, or one that the the payments are so spread out that one would be paying mostly interest on the loan. Each scenario might mean about the same thing; Fewer & fewer folks will own homes.
Reminds me of the Interest Only loans.
On a house....
For a guy who wants to buy a vehicle he can’t afford?
That’s where the sharks swim.
I am a child of the universe what need have I of children? The Buddhism thingy is not going as well as I hoped. Sometimes I feel like I am on a giant wheel.
Well, the wheel in the sky keeps on turning. I don’t know where I’ll be tomorrow.
Yeah air travel is a real bear these days.
I don’t know why the mostly negative conversations I have heard re a 50 year mortgage ignore two significant points - that people rarely stay in one house for even 30 years anymore - they move or they move up. Also, it’s not as if refinancing doesn’t exist - once you can afford a bigger payment, you can refi, hopefully at a lower rate. If a 50 year mortgage helps young buyers get a start as homeowners, why not?
“If a 50 year mortgage helps young buyers get a start as homeowners, why not?”
I think that makes sense, too. It’s not like you’re tied to that forever.
The real question should be Will financial institutions Want to even think about a 50 year mortgage.
I look like Matt Damon (in Ford vs. Ferrari)
And if you have an unforseen emergency in your financial situation you can always revert to the monthly lower payment without the added principal payment.
Can you have your kids co-sign?
I look like my twin brother!
My wife tells him, “I married the handsome twin!”
Irony is flowing, in abundance....
I am a Dave Ramsey fan and smelled the “Babylon Bee” after two lines.
LOL!
I heard on a financial radio show this past weekend that with the current interest rate and a 30 year mortgage that you pay about double the home price and with a 50 year it is nearly 3 times the home price. I suspect many people would not be able to pay off a 50 year mortgage or their 7 year car payments.
Meanwhile in many states you can buy a home for $250,000 with a basement, main floor just not near a city. $450 if and it was half price less then 15 years ago. In southern Calif it is $900,000 for a single story 1,500 sq/ft home on a 1/4 acre lot with a wall surrounding the back and sides.
I had a 30 year mortgage and paid it off in 13 years. I Took at a loan for 200 against my house, bought a business now worth about a million. Also paid off the mortgage for the loan in 8 years. Both shop and home now mortgage free. I think Dave Ramsey would approve. I owe nobody anything except the taxes the government extorts from me.
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