Donald Trump’s victory in the 2024 presidential election was due in large part to his promises to pursue an America First foreign policy and rein in inflation. One year later, prices remain high, and President Trump is more focused on overseas meddling than on the American people. This has helped enable Democrats to win governor races in Virginia and New Jersey, and self-described Democratic socialist Zohran Mamdani to win the New York City mayor race by running on “affordability.” Since the election, President Trump has made a number of proposals to ease the burden of high prices. One of the president’s proposals is changing federal housing regulations to encourage lenders to offer 50-year mortgages. Though a 50-year mortgage in comparison to a 30-year mortgage could reduce monthly mortgage payments by over a hundred dollars for a median price home, it could also roughly double interest payments made over the life of the mortgage. So, while the longer mortgage may provide a…
https://www.sott.net/article/503036-The-Real-Affordability-Agenda