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Why Trump’s 50 Year Mortgage Scheme Is an Even Worse Idea Than You Imagined (www.nakedcapitalism.com)
submitted 1 year ago by [B] to c/pravda_news@news.abolish.capital
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The Trump/Pulte 50 year mortgage scheme is indeed really bad even before getting to the fact that it would probably increase home prices.

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[–] 3 points 1 year ago

People looking for a 50 year mortgage are also getting 7 year car loans. The idea is the same as pay day loans, they want to keep you in debt forever.

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