Trump’s 50-Year Mortgage Plan: What You MUST Know!

In this podcast, Patrick Boyle analyzes President Trump's proposal for 50-year mortgages, arguing it's not a viable solution to housing affordability. He explains the history of the 30-year mortgage, the complexities of extending loan terms, and the potential negative consequences such as increased interest payments, slower equity growth, and inflated home prices. Boyle suggests that the real issue is a shortage of housing supply, and that focus should be on building more houses, streamlining zoning, and addressing labor shortages rather than relying on financial gimmicks. He also draws parallels to Japan's failed experiment with ultra-long mortgages and the UK's Help to Buy scheme, emphasizing that increasing demand without addressing supply only exacerbates the problem.