Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 3 days ago

Trump Administration Eyes 50-Year Mortgage Plan Amid Housing Crisis — But Not Everyone's on Board

www.ibtimes.co.uk

149

Trump Administration Eyes 50-Year Mortgage Plan Amid Housing Crisis — But Not Everyone's on Board

www.ibtimes.co.uk

Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 3 days ago

The Trump administration is considering a 50-year mortgage plan amid a housing affordability crisis, but critics warn that it could exacerbate household debt.

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dmention7@midwest.social
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2 days ago
Shit, even at historic lows of 3% interest it only drops the monthly payment by about 25%, but increases the total cost of the loan by 80%.

Its absolutely a terrible idea.

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