This will all add to housing inflation (Public Board)
Put on your thinking caps, peeps, it's just so fucking simple:
50 year mortgages buy down the cost of loans. Anything that cheapens loan payments adds to home prices (increases the price buyers can pay.)
This was combined with eliminating credit checks for mortgage applications, instead allowing FHA and lenders to use their own metrics for rating loans instead.
Both of these notions add gasoline to the fire of home prices. As a tack to "lower" home expense this is exactly as illogical and senseless as anything the Democrats did in the last 4 years.
I'm MAGA but Trump is being idiotic with this proposal. He's been doing idiotic things lately and right now I put him as a less evil equivalent to Joe Biden. I read someplace that Trump was furious that the 50 year mortgage concept was being dismissed broadly by economists.