Trump wants you chained to a mortgage forever

The Grifter-in-Chief is touting a plan only he and the people who own banks can get behind: 50-year mortgages as the answer to our housing crisis. If we assume a typical fixed rate of 6.5% and 20% down, it will take roughly 34–36 years before your monthly payment starts reducing principal faster than interest on a 50-year term. — Read the rest

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