The 50-Year Debt Trap for Zoomers

Half a century of payments is the system’s way of cashing in on you.

You don’t make housing more affordable by changing the math.
You make it affordable by changing the price.

So when policymakers start offering 50-year mortgages, they’re not solving the problem.

They’re just stretching the timeline of debt so the system can keep going.

Scrolling through Twitter on Friday, I came across Trump’s proposal for 50-year mortgages.