Donald Trump’s latest housing proposal — a 50-year mortgage plan — has sparked a wave of backlash online, with critics calling it “spectacularly dumb” and financially disastrous for ordinary Americans.
The former president floated the idea on social media, and officials have since confirmed that such a plan is being considered. However, experts warn that extending mortgage terms from 30 to 50 years would trap homeowners in lifelong debt while padding the profits of banks.
Progressive commentator Alex Cole broke down the math:
“A $400,000 home at 6% interest costs $863,000 over 30 years. Under Trump’s 50-year plan, it balloons to $1.38 million — that’s over half a million more in interest. Supporting this is like turkeys cheering for Thanksgiving.”
Democratic strategist Mike Nellis echoed that sentiment, blasting the proposal as “a spectacularly dumb idea.” He added that Trump “clearly has no real plan to lower housing costs — just another scheme to enrich banks while keeping Americans buried in debt.”
The political media outlet MeidasTouch warned that the plan could trigger another financial meltdown:
“Trump and his cronies are pushing 50-year mortgages. Buckle up — this could make the 2008 mortgage crisis look mild.”
Even some conservatives expressed frustration. A Florida Republican named Richard FL sarcastically wrote,
“Trump is so ‘America First’ that he wants your children paying for your house. Imagine buying at 27 and still making payments at 77.”
Self-described finance expert Sonny Day was blunt:
“A 50-year mortgage means a lifetime of debt. I regret voting for him. He’s out of touch with working Americans.”
Political analyst Tom Nichols dismissed the proposal as a financial trap:
“A 50-year mortgage isn’t flexibility — it’s a scam. People who fall for it will go broke and then blame the government for their bad choices.”
As outrage spreads across social media, the 50-year mortgage proposal is being seen by critics as yet another example of Trump favoring corporate interests over the financial well-being of everyday Americans.