"The 50-Year Mortgage Scam: How Trump's Housing Plan Will Trap You Until Age 90" скачать в хорошем качестве

"The 50-Year Mortgage Scam: How Trump's Housing Plan Will Trap You Until Age 90"

President Trump endorsed 50-year mortgages this weekend, and developers are already building them. But here's the math they're not telling you: you'll pay $1.8 MILLION for a $500,000 house—and you'll be 90 years old when it's finally paid off. As someone who's been in real estate since 2008, I'm going to break down why a 50-year mortgage is one of the worst financial products ever created—and why the math proves it benefits developers and banks while trapping homeowners for life. What You'll Learn: ✅ The actual math: Why 50-year barely lowers payments but nearly doubles total cost ✅ The equity trap: Why you'll own almost nothing after 12 years of payments ✅ Why developers LOVE this (hint: they make way more money) ✅ The legal problems: Why this might violate qualified mortgage laws ✅ 15-year vs 30-year vs 50-year: Complete cost breakdown with real numbers ✅ Why this is part of America's infinite debt culture (144-month car loans, BNPL for burritos) ✅ What would ACTUALLY make housing affordable (3 real solutions) ✅ What you should do instead if you're trying to buy a house right now The Brutal Math: $500K house, 20% down, $400K loan 30-year at 6%: $2,998/month, $1.2M total paid 50-year at 7%: $2,918/month, $1.8M total paid Savings: $80/month Extra cost: $627,528 over life of loan Equity after 12 years: $38,000 (on $400K loan) Real Examples: Average homebuyer age: 40 years old 50-year mortgage payoff age: 90 years old Average time owning a home: 12.3 years % of payment going to interest in year 1: 93% Housing units America is short: 4-5 million Why This Matters: Trump's weekend tweet has developers scrambling to create this product. Pulte Homes (built nearly 1 million homes) already endorsing it. Average Americans see "lower payment" and don't run the numbers. Financial literacy crisis meets housing crisis. The Three REAL Solutions: Increase capital gains exclusion to $1M (from $500K) Allow mortgage portability (take your rate with you) Restore mortgage interest deduction to $1.5M for new loans CRITICAL DISCLAIMERS: ⚠️ Not financial advice - run your own numbers ⚠️ Consult qualified mortgage professional before any decisions ⚠️ Examples are for illustration purposes ⚠️ Rates and terms may vary significantly ⚠️ I am a real estate investor sharing analysis, not a financial advisor