(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
6 Comments
While I understand the initial urge to minimize monthly expenses, extending mortgage terms to 50 years seems remarkably short-sighted. The cumulative interest paid over such an extended period would negate any immediate financial relief. Frank Bojazi, it’s important to consider the long-term implications on financial health. Encouraging shorter loan terms with lower interest rates seems a more viable solution for economic stability. Has anyone considered the impact of such policies on future housing market dynamics?
wait, so like u mean people would pay more in the long run? sounds like a scam lol
Exactly, paying over a longer term significantly increases the total interest. It’s better to aim for terms that balance monthly affordability with overall cost.
Makes zero sense to me. Why would anyone want to be in debt for 50 years just to save a tiny bit each month now? Crazy talk.
Ah yes, because what we really need is to turn the dream of homeownership into a literal lifetime commitment. Can’t wait to pass my mortgage on to my grandchildren. Fantastic idea, surely this won’t backfire at all.
lol, of course, they want us locked in forever. keep us paying, it’s all a big game to them. don’t trust what they’re selling, folks.