How the 50-Year Mortgage Keeps You in Debt The Scam Unveiled: Long Chains Disguised as Opportunity Donald Trump’s latest housing proposal—the 50-year mortgage—is being sold as a lifeline for struggling buyers. And on the surface, who wouldn’t want lower monthly payments? But scratch beneath the surface and you’ll find the usual suspects: debt servitude masked as empowerment. Stretching a $500,000 loan over five decades at 6% interest doesn’t make homes affordable. It makes your banker rich. You’ll pay over $1.5 million for a half-million dollar home—most of that just to cover interest. After a decade, you’ll still owe nearly the full principal. The house might have appreciated, but you’ll barely own any of it. That’s not the American Dream—it’s a…
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