Fox-Moderator korrigiert Trump hinsichtlich der Funktionsweise von Hypotheken, während er den 50-Jahres-Plan anpreist – Donald Trump scheint nicht zu verstehen, wie die durchschnittliche Hypothek für Amerikaner aussieht.
https://newrepublic.com/post/203020/fox-host-corrects-trump-mortgages-50-year-plan
41 Kommentare
Remember when his Economics professor said that Trump is the dumbest student he ever had? He was not wrong I guess.
Silver spoon bitch has no idea how average Americans live
A fifty year mortgage? How to pay 8 million dollars for a 300k house in one easy step.
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He has absolutely no clue what life is like for the average American. His tiny mind can’t grasp things like paying rent, shopping at a grocery store, or paying for health insurance.
We couldn’t have elected anyone more out of touch with reality.
I’m constantly battling whether he legit doesn’t *know* what the most beneficial policy is for the average citizen, *or* if he is just parroting ideas from his rich friends that will benefit *them.*
Maybe a little of column A and a little of column B?
*in a whisper* Emperor, uh, you’re naked.
He doesn’t understand what the average mortgage looks like because average people actually have to pay back their debts.
He might as well be an alien species. He has zero idea what the life of an average person is like.
A 50 year mortgage makes no sense. It would be far smarter to just rent at that point. You would never, in your lifetime see any equity.
Real estate genius over here.
Mr Real Estate Genius needs RE things explained to him.
50 year home loan that preschoolers can apply for as they fundraise for their next field trip through skid row.
Trump thinks if you buy health insurance when you’re young you get it cheap for life so I certainly wouldn’t expect him to understand mortgages.
„I can’t believe it’s not feudalism!“ — Lord Farquaad, maybe.
Trump’s credit score is like 400. Why is everyone expecting someone with terrible credit to understand mortgages like an expert?
Trumps like “what’s the big deal? Take out a buncha loans, buy property and then declare bankruptcy!”
Chucklefuck doesn’t understand how a magnet works, you think he can grasp a basic financial instrument?
I want a 10,000 year mortgage
„CNN maps it out like this: If you have a $450,000 home with a 30-year mortgage at a 6.25 percent interest rate, your monthly payment is about $2,771. By the time you’ve paid off your loan, you would have paid more than $547,000 in interest. If you had a 50-year loan at the same rate, your monthly payment would be slightly lower—$2,452—but your total interest would swell to around $1.02 million. That’s 87 percent more than on the 30-year loan.“
If you assume the interest on a 50 mortgage is about 0.5% higher than on a 30 year mortgage, the monthly savings is negligible. You might save [about $300-$350](https://www.mortgagecalculator.org/) a month on a $1 million mortgage, or about 5% a month. You’d also end up paying about double the interest in the end, which is hardly worth it.
The link is to a mortgage calculator. I assumed a current rate of 6.2% on a 30 fixed and 6.7% on a 50 fixed for a $1 million loan.
To be fair, I don’t think Trump understands most things, it isn’t just mortgages.
He doesn’t even know how magnets work.
„Trump doesn’t seem to understand…“ sums up most of his presidency.
Student loans but it’s a house and anyone who has/had student loans knows exactly what’s going on here. You pay interest forever. Barely scratch the principal and turn a $200k house into a million for the banks
Trump doesn’t understand how ANYTHING affects the average American
„what does a banana cost, 10 dollars?“
Donald Trump doesn’t seem to understand
That’s it. That’s the whole headline.
He doesn’t SEEM to understand very much about life at all. No matter how smart he frames himself he’s lived in a bubble all his life and happily so as he has zero curiosity about life, history, or learning and never developed an iota of empathy because of it. He’s a complete fool. With a big mouth. He takes his pleasure where he can. And he’s being allowed a hell of a lot of it especially lately.
„Donald Trump doesn’t seem to understand (insert random normal everyday thing).“ There, I made the next 3 years of headlines for you.
trump: So when you owe all the interest you just tell them you’re not paying. You owe so much they can’t do anything. They give you new interest. You say the house…its worth $50 million….they say $450,000. They should pay you. Its easy. You just never pay. Its called „value“, old word. It means just don’t pay and get a new deal.
some idiocracy type shit
Donald Trunp doesn’t understand ANYTHING. It’d be nice if articles printed this out, instead of acting surprised that the dumbest person in the world is, in fact, dumb as fuck.
This is the guy that thought life insurance was health insurance and talked about how low the monthly payments were for health insurance…because he was thinking about life insurance.
If the mortgage payment were DRASTICALLY lower, then maybe this would have some merit. As it stands…absolute nonsense
Buying groceries is too complex for him, of course he doesn’t understand mortgages.
* Old
* May have dementia
* Has no capacity for empathy
* Has been rich all his life
* Never pays his debts
* Cheats everyone he deals with
* Has never once in his life needed to deal with *anything* an „average“ (middle or lower class) American has had to deal with
* Has never truly belly-laughed
* Is a 34 count convicted felon
* Was found civilly liable for sexual assault
* Is likely a pedophile
* Is likely to have been involved in a child sex trafficking operation
* Was called „the dumbest student he ever had“ by his economics professor
* Claims „no one knows what a magnet is“.
Somehow I’m unsurprised he doesn’t understand mortgages.
This is what you get when you vote for a man because you have the same bigotry.
doesn’t *seem* to understand. Trust me, he doesn’t understand.
This 50 year mortgage plan isn’t even a bandaid. It’s going to make housing costs even worse while making home buyers indebted until they’re dead.
It doesn’t make any sense.
It doesn’t really lower your payment by any degree that makes it more affordable. With a $300k house your payment goes down $100 per month and goes back up to a 30-year payment amount if the rate goes up from 6% to 7%(guess at the rate difference, but it will definitely be higher than a 30-year unless it’s subsidized).
And it doesn’t power prices to make houses more affordable. It actually opens up more buyers which will make the prices go up which will the spur even more investment buyers.
So it doesn’t solve the problem on either end.