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CEO trashes Trump’s 50-year mortgage proposal: “Disgusting insult” (www.newsweek.com)

submitted 1 week ago* (last edited 1 week ago) by MicroWave@lemmy.world to c/economics@lemmy.world

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Donald Trump’s idea of introducing a 50-year fixed-rate mortgage has been condemned as a “” by James Fishback, the CEO of American investment firm Azoria, who says the proposal will result in “economic genocide against the Gen Z generation.”

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[–] HubertManne@piefed.social 5 points 1 week ago (1 children)

Don't worry. If the economy and housing market get even worse we will go to 100 year and then just generational mortgages.

[–] Mossheart@lemmy.ca 2 points 1 week ago (1 children)

Yes, cause we'll certainly continue to have children in that hellscape of a world.

[–] HubertManne@piefed.social 1 points 1 week ago

way ahead of ya. What cracks me up is it looked bad in the mid aughts and it has not even gotten close to becoming better. Maybe they will bamboozle the generations after mine but to late to get me breeding at this point.