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.”

  • 4grams@lemmy.world
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    26 days 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.