Trump likes 50 year mortgages rather than 30 year ones:

[applegrove]

Trump’s plan is for people to pay his banker friends hundreds of thousands more in interest on mortgages while they own a piece of your home until you die.

— Ron Filipkowski (@ronfilipkowski.bsky.social) 2025-11-09T01:55:37.028Z

[RockRaven]

1. Their goal is to prevent you from owning anything. They can own it all, and you

only ever pay them for the pretense of owning something some day in the future (beyond your natural lifespan).

[DBoon]

31. That is almost serfdom

It was considered progress when tying people to the land for generations was finally abolished.

The right wing wants to bring us all back to the middle ages.

[pat_k]

2. Gee, that will shut up all those "affordability" whiners!

With 50 year mortgages the average homeowner will have a whopping $300 per month toward the additional $800 per month they'll be paying in health insurance.

Oh glory days!!

And all at a cost of a mere 20 years of paying over $2000 for a total loss of $400,000.

[Disaffected]

3. What next, interest payments only mortgages?? nt

[pat_k]

6. Interest-only mortgages were a fixture of predatory lending.

I think disclosure requirements have helped people understand what they are signing up for -- i.e., a shocking increase in payments when the "interest-only" period ends 10 years in or so, balloon payments, and other crap.

[C Moon]

14. We got stuck in one of those. Took a long time to get out of it because the bubble burst. But we made it out.

Doing good now.

[Disaffected]

21. Yeah, I forgot to add

"with a fixed term of course and a big screwing at renewal". I would not be at all surprised to see it happen.

[hatrack]

35. Could be worse - could be a negative amoritzation loan . . .

These were popular during the aughts housing bubble. Oh, and the best part is that they were marketed/branded as a "SmartLoan".

Flippers and others riding the bubble loved them (until they didn't).

https://www.thebalancemoney.com/negative-amortization-loans-315689

[Coldwater]

4. So basically, from Cradle 2 the Grave

[Ocelot II]

5. Almost nobody will ever be able to pay off their mortgage.

If you're making mortgage payments for 50 years it feels a lot like rent, except that you're responsible for all the taxes, insurance and upkeep.

[RockRaven]

10. Also if you can't pay it off before you die (and most won't) then your estate/heirs

are more likely to have to sell compared to if it were mortgage-free -- which puts it back on the market for the next generation of 50-yr mortgagers.

[Morbius]

9. Maybe so, but it's a patch that doesn't really help people.

Better answers include higher wages and more affordable housing. A much higher percentage of Americans were able to afford housing in years past. Stagnant wages and increased cost of living have priced a large percentage of us out of owning homes. Then there's the fact that local governments have long encouraged building housing which is large and will bring in more property taxes.

[KPN]

12. It's still rather predatory. There are other means to make home ownership

more accessible. Your math may be right, but longer terms provide far greater economic benefit to producers and lenders than they do purchasers.

[delisen]

16. It is medieval serf living except the serfs, not the would be paying the taxes

We have a class of people in the US who want something for nothing.
They never stop trying to turn citizens into suckers.
Government guaranteed, no-risk investments for them; never- ending payments for the rest of us.

[Bengus81]

17. A 50 year loan is predatory.

[KPN]

22. I disagree. The whole housing market is increasingly predatory in recent years.

You can't disregard the relatively meager rise in wages over the past 50 years compared to the rise of home costs, especially especially home cost rise in the past 20-25 years. The home price to income ratio has grown significantly over the past 50 years, and dramatically in the last 20-25 years. Many people are spending 35-40% of their income on mortgage these days.

Maybe predatory is a harsh term, but it fits our current economic system here in the US imo. And housing is a huge part -- in fact the largest -- of that system for most people. Government has a role in managing for affordable housing costs that benefit society at large, and there are means to do that, albeit means that are not favored by Republicans and many if not most centrist Dems.

[dweller]

8. You will pay for your whole life time

For the privilege of living on this Earth

Thank you for your disgust with this matter




✌🏻

[sinkingfeeling]

15. I'll take the 15 year one. That's all I ever held on any of my

8 US houses I owned. I moved with my company every 3 or 4 years, so 15 year mortgages were excellent for me.

[Bettie]

20. We did that too

best decision we ever made.

[Mossfern]

26. Us as well

We had a mortgage burning party a few years ago.
What a relief!

[milestogo]

18. And is the debt passed on to the next generation?

Instead of an inheritance you leave your children a black hole.

[KPN]

23. If it's unpaid, the lender holds the title to the home. So in that sense, no. But from the standpoint of leaving

your kids a meaningful inheritance, for most Americans, the family home is the single largest way of doing that.

[allegorical oracle]

19. One of the housing issues is that seniors are remaining in their homes

longer because they can't afford to sell. If you sell your paid-off home for $300,000, you'll pay close to that amount for a smaller home or a condo plus all the costs of selling/moving. So fewer homes are turning over to younger buyers.

In Florida, there are property tax incentives to remain in your home once you're 65 and have lived in the home 25 years. And what are the odds of a 60+ year-old buyer getting a 50-year mortgage?

[leftstreet]

24. +1

And there's further fallout from that. Asset devaluation. As people age they're less likely able (physically and/or financially) to maintain the necessary repairs and upgrades, etc.

[CrispyQ]

30. I read this on FB & there wasn't a link, so take it for what it's worth.

They claimed hedge funds buy a group of houses in a neighborhood & then rent most of them out, but sell a few of them for a lot over the market, to another hedge fund, thus raising property taxes in hopes of driving long time owners out.

The only outcome I see is that when "they" own it all, they'll start going after each other. We are living "the one with the most toys wins."

[UpInArms]

28. If it is done when someone is 30, they will be paying on it until they are 80

That’s nuts

[CrispyQ]

32. Some people value the freedom of renting over the financial benefits of owership.

I have a friend who bought her first house at 58. She liked moving around & not worrying about a house somewhere. She's lived in more places than anyone I know. And now she has a cat. 🐈

[BeerBarrelPolka]

34. I have been a lifelong renter

and it's the best thing I have ever done. I have seen many, many people lose their homes for various reasons and be out in the cold so to speak, financially because of it. So there are definitely reasons why renting can be the way to go.

[no_hypocrisy]

33. At age 80, you may never own your house.

And when you die, the bank gets your home, not your surviving spouse.

[jmowreader]

36. It seems like this is a way to solve the employment crisis

If you buy a home at the age of 35 on a 50-year mortgage, the loan will be satisfied when you're 85. Because no one of typical means has a retirement plan that pays him or her enough to cover house payments, you'll be working until you're 85. You'd realistically have to enter into one of these contracts when you were under 20 years old to have it paid off (assuming, of course, that you don't make extra payments and retire the note early) before you were 70. This throws two wrenches into the works: no 18-year-old or 19-year-old is in a situation where taking on a mortgage is feasible, and no bank will write one for an 18-year-old or 19-year-old.

I want to know: do these 50-year mortgage contracts include a clause that returns ownership of the property to the lender if the debtor dies before the loan is satisfied? If so, we're looking at what is not really a mortgage, but in effect a residential triple-net lease (lessee pays insurance, property taxes and maintenance) by another name.

[Bristlecone]

37. Which would I pick?

You would end up paying as much in interest over the additional 20 year term as the initial cost of the purchase.

If you made it that far. Truly putting the “Mors” in Mortgage.

He is F’ing nuts. And definitely NOT concerned about every day Americans. Other than to pick their pockets.

[LetMyPeopleVote]

38. This is another stupid trump idea

[applegrove]

39. It seems like the student loan fiasco where people these days pay

for student loans until they are 60. Like the old model of the company store in the company town. It is like colonialism. 50 year mortgages rather than 30 year ones. A bad idea.

[Mosby]

40. A 15 yr loan works out to $3,375/mo. 207.6K interest.

30yr loan at 4% you only pay $287,478.03 in interest over the life of the loan.