Trump’s 50-Year Mortgage Will Change Everything – But No One’s Ready
Published: 2025-11-12
Status:
Available
|
Analyzed
Published: 2025-11-12
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 2
Prediction
Topic
Status
The Trump administration proposed a $2,000 tariff rebate check.
"The third thing that the Trump administration has proposed is a potential $2,000 tariff rebate check, a stimulus check essentially."
Pending
The US government is anticipated to generate up to $300 billion in tariff revenue in 2025.
"It is anticipated according to the White House that in 2025 the United States government could generate up to $300 billion in tariff revenue in 2025."
Pending
With a 30-year fixed-rate mortgage, it takes nearly 20 years for more than half of the monthly payment to go towards the principal.
"So, if you get a 30-year fixed rate mortgage today, it takes almost 20 years out of your 30-year mortgage before half of your monthly mortgage payment is going to principal."
Pending
Financing cars for 15 years leads to banks profiting from interest on assets that are likely no longer in existence.
"People don't keep cars for 15 years. And so if people are now financing their cars for 15 years, well, the banks are going to be getting rich because now they're getting interest on something that doesn't even exist anymore."
Pending
Building wealth requires a decade of sacrifice, not quick results in months or a couple of years.
"I talk about a decade of sacrifice, which means it's not going to happen in 6 months or a year or 2 years, but a decade."
Pending
Rising property taxes and insurance costs could force homeowners to sell their homes.
"And if you cannot continue paying the higher property taxes and the higher insurance, you may be forced to sell the house."
Correct
Potential investment opportunities include stocks, ETFs, index funds, rental properties, gold, crypto, and startups.
"Things like stocks, things like ETFs, things like index funds, things like rental properties, things like gold, things like crypto, things like startups."
Correct
Banks are predicted to significantly increase their profits if proposed financial policies are enacted.
"And from an investment standpoint, if all this goes through, you bet banks are going to be loving it and they're going to be making a lot more money."
Pending
The US is experiencing an affordability crisis characterized by high prices, stagnant incomes, and increased layoffs due to AI.
"The United States is facing an unaffordability problem. Things are expensive, incomes are not keeping up, and layoffs are rising because of artificial intelligence."
Correct
A $500,000 house with a 20% down payment and a 6.5% mortgage rate over 30 years will cost $2,500 per month.
"if you buy a $500,000 house today, you put 20% down, $100,000, and you finance the other $400,000 at a 6.5 mortgage rate over 30 years, it's going to cost you $2,500 a month."
Correct
A 50-year mortgage on a $400,000 loan at 6.5% would reduce monthly payments by $250, from $2,500 to $2,250.
"if you get a 50-year mortgage now, instead of paying $2,500 a month, you're going to pay $2,250 a month."
Incorrect
The total cost of a $500,000 house purchased with a 30-year mortgage at 6.5% interest is $900,000.
"In that 30-year mortgage, you're going to pay a total of $900,000 to buy the $500,000 house."
Pending
The total cost of a $500,000 house purchased with a 50-year mortgage at 6.5% interest is $1.35 million.
"With a 50-year mortgage, you're going to pay $1.35 million to buy that same half a million house."
Correct
The average homeowner in the US stays in their home for 12 years.
"the average homeowner in the United States only lives in their house for 12 years."
Correct
70% of Americans live paycheck to paycheck.
"seven out of 10 Americans are living paycheck to paycheck."
Correct
Over 50% of homeowners who purchased in the last six years have experienced financial regrets related to their home purchase.
"the majority over 50% of homeowners who bought houses in the last six years have financial regrets about that homeowner purchase."
Correct
The White House anticipates the US government could generate up to $300 billion in tariff revenue in 2025.
"It is anticipated according to the White House that in 2025 the United States government could generate up to $300 billion in tariff revenue in 2025."
Correct
A $2,000 stimulus check for 150 million American adults would cost $300 billion, potentially consuming all projected tariff revenue for 2025.
"150 million American adults times $2,000 each is $300 billion, which would essentially mean all of the tariff revenue would have to be used to pay off this $2,000 check"
Incorrect
With a 30-year fixed-rate mortgage, it takes nearly 20 years before more than half of the monthly payment goes towards the principal.
"if you get a 30-year fixed rate mortgage today, it takes almost 20 years out of your 30-year mortgage before half of your monthly mortgage payment is going to principal."
Pending
Financing cars for 15 years, a duration longer than most people keep vehicles, benefits banks through extended interest collection.
"People don't keep cars for 15 years. And so if people are now financing their cars for 15 years, well, the banks are going to be getting rich"
Pending
The 75/15/10 plan suggests a maximum of 75% of earnings for spending, a minimum of 15% for investing, and a minimum of 10% for saving.
"75 cents is the maximum that you can spend, 15 cents is the minimum you invest and 10 cents is the minimum you save. That means 75 cents of every dollar that you earn is the maximum you can spend."
Correct
Move-in costs for a house include expenses beyond the down payment and mortgage, such as moving services, furniture, and renovations.
"when you buy a house, what ends up happening is not only now do you potentially be movers to move into the house, which are more expensive than you might think, but now you might need new furniture. You might want to upgrade the kitchen. You might want to build a patio or a deck. You might want to finish the basement. This is what I call the move in cost."
Correct
Unexpected repairs like a non-functional air conditioner after moving in are considered part of the move-in costs.
"and then two months later you realize the AC doesn't work. That's the move in cost."
Pending
The primary purpose of a primary residence is to create memories, not to generate profit.
"the goal with your house that you live in isn't to make money. It's to make memories."
Pending
Examples of assets for wealth generation include stocks, ETFs, index funds, rental properties, gold, crypto, and startups.
"Things like stocks, things like ETFs, things like index funds, things like rental properties, things like gold, things like crypto, things like startups."
Pending
An increase in a home's value can lead to higher property taxes and insurance costs, potentially forcing a sale if these expenses become unaffordable.
"if your house goes up in value because you bought in a great area, you bought it at a great time, your property taxes just went up. your insurance just went up. And if you cannot continue paying the higher property taxes and the higher insurance, you may be forced to sell the house."
Correct
Building significant wealth requires a decade of reduced spending and increased investment, leading to a substantially different financial future.
"I talk about a decade of sacrifice, which means it's not going to happen in 6 months or a year or 2 years, but a decade. If you can go through a decade of spending less and earning more to invest like crazy, you will be able to live a completely different financial life."
Pending