The Plan to Turn Americans into Permanent Renters (50 Year Mortgage)

"Now, if you go with the 50-year mortgage, I mean, look at the interest that you're going to pay. You're going to pay $751,113."

"It doesn't fix home affordability. It actually makes home prices go up. And I'll tell you that this one is very important because, okay, if you have lower monthly payments, then what does that mean? It means that more people are going to qualify. And what's that going to mean? you're going to have more people bidding up home prices and then that's going to lead to higher home prices."

"Well, I've created a list. I mean, it's going to be realtors because, you know, realtors and brokers because they're going to receive higher commissions. And then you have the builders. They're going to sell more homes. And then, of course, the banks because they're going to be making much more in interest income, you know, on these mortgages at the expense of the borrower. And then also the investors because there's now going to be more demand. So who's going to win? It's going to be basically it's going to be Wall Street."

"With a 50-year mortgage, look at that number. Over a million. 1,114,33 in interest."

"Fanny May and Freddy Mack generally do not buy loans longer than 30 years. So, if you want a 50-year mortgage to exist, then major laws and regulations must change. So, that would be a huge undertaking. Like, Congress would have to get involved. FHFA, they would have to rewrite rules and mortgage back securities would have to be redesigned, basically."