.jpg)
2 hours ago
3
Matt Walsh has shared his thoughts on the reports of Donald Trump proposing a 50-year mortgage plan. The podcaster and right-wing political commentator slammed the new, turning the focus towards immigrants instead.
On Saturday, November 8, Federal Housing Finance Agency (FHFA) Director Bill Pulte announced that the US President is working on introducing 50-year mortgages. He labeled the move a "game changer", writing on X (formerly Twitter):
"Thanks to President Trump, we are indeed working on The 50 year Mortgage - a complete game changer."Thanks to President Trump, we are indeed working on The 50 year Mortgage - a complete game changer.
It came just a few hours after Trump shared a post on his Truth Social account. He shared an image, displaying former US President Franklin D. Roosevelt on one side and himself on the other. The text over Roosevelt read "30-year mortgage," while the one over Trump read "50-year mortgage". The heading stated:
"Great American Presidents"Matt Walsh reacted to this news on his X account late on Saturday, writing:
"This just means your house will be owned by the bank until you die, and after. We don’t need 50 year mortgages. Get the illegal immigrants out of our country. Give America back to Americans."This just means your house will be owned by the bank until you die, and after. We don’t need 50 year mortgages. Get the illegal immigrants out of our country. Give America back to Americans.
Other Donald Trump allies also join Matt Walsh in opposing 50-year mortgage plan
Republican Nominee Campaigns For President Across Pennsylvania (Image Source: Getty)Matt Walsh isn't the only supporter of the US President to have spoken against the 50-year mortgage plan. Marjorie Taylor Greene, a US representative for Georgia's 14th congressional district since 2021, also opened up on the report.
She shared a post late on Saturday, November 8, on her X account, writing:
"I don’t like 50 year mortgages as the solution to the housing affordability crisis. It will ultimately reward the banks, mortgage lenders. and home builders while people pay far more in interest over time and die before they ever pay off their home. In debt forever, in debt for life!"She even offered alternative solutions, stating:
"Instead stop companies and asset managers from buying up single family homes, which has driven the price of homes and forced homebuyers to compete with corporations that turn thousands of homes into permanent rental homes. Let people with a good rent history qualify for mortgages."Greene also urged that her bill regarding homes should be passed instead of the 50-year mortgage plan. The right-wing politician has urged for no capital gains taxes on the sales of your primary homes. Explaining the bill, Greene wrote:
"This will help people keep the equity they have earned owning their home for a very long time and likely allow them to lower the price of their home for sale since they won’t be paying taxes after they sell their home. It really will help seniors sell their houses and keep their equity, which also in turn gives them money they need and that gets put back in the economy."I don’t like 50 year mortgages as the solution to the housing affordability crisis. It will ultimately reward the banks, mortgage lenders. and home builders while people pay far more in interest over time and die before they ever pay off their home. In debt forever, in debt for
Trump's 50-year mortgage plan has also received criticism from many influential people. As per USA Today, if the bill is passed, it could lead to a potential increase in interest rates and a decrease in equity for the homeowners.
Why did you not like this content?
- Clickbait / Misleading
- Factually Incorrect
- Hateful or Abusive
- Baseless Opinion
- Too Many Ads
- Other
Was this article helpful?
Thank You for feedback
Edited by Aditya Singh
English (US)