Gen Xer Says 'I Did The Math' And On A 50-Year Mortgage You'll Pay $1.7 Million For a $480K House — 'This Is Insanity. Don't Let Your Children Sign Up.'

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. President Trump just floated something that's got a lot of Americans doing back-of-the-napkin math — and not liking what they see. On November 8, he posted a graphic to Truth Social showing himself and Franklin D. Roosevelt side by side. Under FDR: "30-year mortgage." Under Trump: "50-year mortgage." That was it. But the message was loud and clear — stretch the mortgage term to 50 years, and maybe buyers c ...