Trump and his cronies are now pushing 50-year mortgages.

[highplainsdem]

Trump and his cronies are now pushing 50-year mortgages.

Buckle up. This is going to make the 2008 mortgage crisis look like the good old days.

— MeidasTouch (@meidastouch.com) 2025-11-08T19:39:26.090Z

[Ocelot II]

1. Just to be sure hardly anyone will ever be able to pay it off.

[highplainsdem]

4. And if they do, the banks will get about double the interest.

[HAB911]

2. That sounds like what we call "rent"

[leftstreet]

7. Yep, with property taxes!

[Raftergirl]

3. Imagine the interest paid over time on a 50 year mortgage.

[kimbutgar]

5. I'm glad I paid off my house this year.

Most people will never live long enough to pay off a 50 year mortgage let alone have their children receive an inheritance. I remember my parents paying off their house and they had a little party. I still own that house and proud I paid off my own!

[sinkingfeeling]

6. No one will ever own their home again.

[PoindexterOglethorpe]

8. Exactly! Not a single one of the 330 million plus

Americans will ever be able to afford a home again.

Really?

[sakabatou]

9. That's hilarious as, in many parts of the country, housing is unaffordable

[edhopper]

17. That's the point

lower monthly payments that you never stop paying. And then you die and they take it from your kids, who can't afford it.

[The Madcap]

10. So I guess you would have to buy that first house at 15

So you could pay it off by 65.

What a stupid idea. The compound interest alone would be unbelievable. Even 30 years is a bit long, but manageable, if you pay a little extra whenever you have the opportunity. The number of potential foreclosures from this should be a warning.

In addition, given the horrible build quality of most newer homes, especially in states like Florida and Texas, they'll be falling apart way before the house is paid off.

[Silent Type]

11. Like reverse mortgages, 50 year mortgages are not something I'd do if I could avoid it. But others might.

[louis-t]

12. Yeah, Pulte Builders was thrown out of Michigan many years ago.

The crap they built in the '80s needed much refurbishing after a few years. Particle board flooring with about 10 nails per room that swelled up the first time water hit it, very little insulation, no padding under the carpet, watered down paint, all to save $100 when building a $150,000 house. This was also a time when furnaces stopped using pilots and started using electronic ignitions. The heat exchangers were so thin they rusted through after a few years because pilot flames normally kept the area dry in damp Michigan basements. They did sort of invent the second floor laundry and are back building here again.

[Fiendish Thingy]

13. Canada briefly tried 40 year mortgages under Stephen Harper

Prices went up by double digits, because people could suddenly qualify for significantly more debt.

So much for “affordability “

[hatrack]

14. Yes, that worked really well for car loans . . .

Lending Tree's Auto Loan landing page for buying new cars

At the top of the selection queue is the option for the 84-month (that is, seven-year) car loan. Three years was the new car loan standard term, even as late as the early 1990s.

[bottomofthehill]

15. The numbers

On a 300,000 loan
30 years you would pay roughly 360,000 in interest
On 50 years, you would pay back about 680,000

[bottomofthehill]

16. Additionally the numbers

For nearly 40 years of the 50 year loan, you will be paying more in interest than in principle. You would have to be nuts.

[Ilsa]

18. It'll be so much easier for a default to happen during 5 decades

as the economy swings up and down along with real estate values and mortgages going upside-down. Perfect for the vultures.

[NickB79]

19. It's like renting a home but you have to do all the maintenance and upkeep yourself

No landlord to call when your roof leaks.

Oh boy.

[WarGamer]

20. Sold real estate for most of my 20's...

Rarely knew anyone with a paid-for house.

Most people buy and sell to move up every decade or so.

So if you're making let's say... 2-3% a year in appreciation... and you flip houses every 10-15 years, the lower monthly payment is smart.

Don't forget, there's no rule you MUST get a 30 year mortgage today... shorter terms are available and/or you can pay more.

[Prairie Gates]

21. Rentier capitalism

The "ownership society" in smithereens.

[Abolishinist]

22. A 50-year mortgage isn't rentier capitalism -- it's financial leverage.

You’re still building equity, not handing over rent forever. The bank isn’t a feudal lord — it’s providing credit so people can actually buy homes.

And that lower monthly payment? That’s not wasted money — that’s capital you can invest elsewhere, maybe at a higher return than the mortgage interest. Perhaps to help fund your small business. That’s called leverage, and it’s one of the oldest wealth-building tools out there.

[LetMyPeopleVote]

23. This is another stupid trump idea