The man loves his debt.
The only people who “win” with a 50 year mortgage are the banks. For the first 20 years or so you will be just paying interest.
Next Trump will be talking about 20 year car loans, because who needs to pay off a depreciating asset in a reasonable time?
Which is really the problem.
The old saying - when you owe the bank $100 thousand dollars, that’s your problem. When you owe the bank $100 million dollars, that’s their problem.
I’m quite familiar with how finance works - and the problem is that DJT thinks the same rules that work when we’re talking 10-11 figures are the same when we’re talking 5-6 figures. They don’t.
100%.
One big con-job.
They're already hustling people for 7 or 8 year car loans. Might was well extend car loans to 20 years...lol
Rand and Ron Paul get a lot of flack here - but at least they are consistently averse to debt and underscore the problems with it.