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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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[–] sharkteethsandwich@lemmy.dbzer0.com 49 points 1 week ago (5 children)

“If we want to get serious about housing affordability, why not ban Blackstone, one of the largest donors to both parties, from buying up entire neighborhoods and forcing us to rent from them? If we are serious about housing, why not remove the 55 million people here on immigration visas who occupy homes that could go to Americans who have worked, fought, and bled for this country?” he wrote on X.

He was so close, had it going so well, and then decided to say some stupid shit that just ruins his argument.

[–] luciferofastora@feddit.org 11 points 1 week ago (2 children)

If we are serious about housing, why not remove the 55 million people here on immigration visas who occupy homes that could go to Americans who have worked, fought, and bled for this country?

Correct me if I'm wrong, but how exactly are these immigrants making their living, if not by working (and, in places with lax safety rules, probably also bleeding) for a country that's not even their own?

[–] sharkteethsandwich@lemmy.dbzer0.com 5 points 1 week ago

Don't forget that immigrants and non-citizens can join the military. Everything he said in that second part is just non-stop racism and delusional.

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