Overview
- Real estate investor Grant Cardone praised 50-year mortgages as a “major real estate opportunity” after President Donald Trump floated the concept.
- Cardone argued the longer term could lower rates and monthly payments, drawing online backlash from users who compared ultra-long loans to debt servitude.
- A Washington Examiner analysis showed a $225,000 loan at 6.25% would cost about $1,385 per month over 30 years versus $1,226 over 50 years, but total interest would jump from roughly $273,600 to about $510,600.
- Economists cited in the latest coverage said expanding loan terms would likely increase demand and lift prices, urging policies that add housing supply through zoning and regulatory changes instead.
- Officials have not released any formal plan, and the debate is unfolding as Treasury and Census data show housing costs rising faster than wages and consuming a larger share of household income.