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CEO trashes Trump’s 50-year mortgage proposal: “Disgusting insult” (www.newsweek.com)
submitted 3 months ago* (last edited 3 months ago) by MicroWave@lemmy.world to c/economics@lemmy.world
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Donald Trump’s idea of introducing a 50-year fixed-rate mortgage has been condemned as a “” by James Fishback, the CEO of American investment firm Azoria, who says the proposal will result in “economic genocide against the Gen Z generation.”

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[-] 4grams@lemmy.world 6 points 3 months ago* (last edited 3 months ago)

With a 50-year mortgage, you are guaranteed to have that debt hanging around your neck well into retirement, or worse.

It’s painfully obvious, that is the point.

this post was submitted on 11 Nov 2025
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