this post was submitted on 11 Nov 2025
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Economics

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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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[–] 4grams@lemmy.world 6 points 1 week ago* (last edited 1 week ago)

With a 50-year mortgage, you are guaranteed to have that debt hanging around your neck well into retirement, or worse.

It’s painfully obvious, that is the point.