During an interview with Fox News’ Laura Ingraham Monday, Trump defended the idiotic idea of 50-year mortgages for home buyers as a solution to make housing payments more affordable.
The Trump administration placed an article in Politico which said White House staffers are fuming at Bill Pulte, the Federal Housing Finance Agency director, for putting this idea in Trump’s ear, to offset his lunacy.
That rebuke didn’t last long.
INGRAHAM: Housing costs are still out of reach, and another thing that your administration is trying to tackle is that for many Americans, the average age of first-time home buyers is now up to age 40, which is sad.
TRUMP: I inherited that look, you have to understand right —
INGRAHAM: — but let me get to the question, though, because your Housing Director has proposed something that has enraged your MAGA friends, which is this 50-year mortgage idea.
So a significant MAGA backlash calling it a giveaway to the banks and simply prolonging the time it would take for Americans to own a home outright. Is that really a good idea?
TRUMP: It’s not even a big deal. I mean, you know you go from 40 to 50 years
INGRAHAM: 30 years —
TRUMP: — And what it is you pay you pay something less from 30 that some people had a 40 and then that now they have a 50.
