Republicans are hating on Trump's 50-year mortgage idea. Here's why some think it will 'ultimately reward the banks'

President Trump seems to emotion comparing himself to historical leaders, and this clip he’s invoking Franklin D. Roosevelt.

In a station connected Truth Social, Trump suggested that, conscionable similar FDR had introduced the 30-year owe during the Great Depression, it was present his crook to hole America’s lodging situation by introducing a 50-year owe (1).

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But astir instantly, the connection came nether onslaught from each sides. Mortgage brokers called it impractical, economists called it ineffective and adjacent immoderate Republicans — including members of Trump’s ain medication — called it a atrocious thought (2).

The backlash has been swift and revealing. While millions of Americans are presently priced retired of homeownership and hopeless for relief, galore judge the 50-year owe not lone doesn’t lick the problem, it could really marque things worse.

Trump’s transportation was simple: longer owe presumption mean little monthly payments. But experts accidental that other clip comes astatine a superior cost, and not conscionable successful interest.

A 50-year owe could saddle homebuyers with decades of other payments, permission them with little equity, and inactive perchance outgo them arsenic overmuch per period arsenic shorter-term loans owed to higher involvement rates.

The 50-year word mightiness shave a fewer 100 dollars disconnected monthly payments compared to a modular 30-year loan. But implicit time, it could outgo tens of thousands much successful involvement portion gathering equity astatine a overmuch slower pace. That’s not overmuch alleviation for thing that could support families successful indebtedness for fractional a century.

Republican Congresswoman Marjorie Taylor Greene — who’s been feuding with Trump implicit galore issues — took to X to explicit her displeasure with the 50-year owe thought (3).

“It volition yet reward the banks, owe lenders and location builders portion radical wage acold much successful involvement implicit clip and dice earlier they ever wage disconnected their home,” she wrote successful her post.

“In indebtedness forever, successful indebtedness for life!”

When it comes to Republicans voicing displeasure implicit the 50-year owe proposal, Greene is acold from alone. POLITICO reports that respective White House staffers, speaking connected inheritance with the publication, are softly blaming Federal Housing Finance Agency Director Bill Pulte for convincing Trump to interval the idea, angering concern leaders and galore of Trump’s allies successful the process (4).