(Crankers) President Donald Trump shared an image about 50-year mortgages and the Internet can’t figure out if he’s trolling or dead serious. To be fair, he could just be screwing with people but Bill Pulte also mentioned it and that’s the worst part.
50-year-mortgages, if they happened, would be one of the dumbest ideas in modern history. There’s nothing great about saving $100 or so on a monthly payment and then spending like $500k more in interest over the 20 extra years on top of a typical 30-year-loan.
So here’s the thing – anyone supporting this on social media is either stupid when it comes to money and common sense, or they’re being paid to support it.
Thankfully, most of the people on social media, particularly X, are saying how bad this idea would be. And to make it better, even some of Trump’s biggest online supporters are saying it’s a terrible idea… and that’s because it is exactly that – a terrible idea.
Trump could find ways to lower the interest rates and get the housing market back on track. Right now the average home, in my observation, is still about $150k-200k more than it should be. We don’t fix that problem by adding 20 years of interest and holding people in hostage housing debt for 50 years.
Let’s find ways to make houses cheaper, interest rates lower, and get people on 15-year mortgages instead.
literally the dumbest thing I have seen all year.
— drastic215 (@drastic215x) November 9, 2025