Matt Walsh Criticizes Donald Trump’s Proposed 50-Year Mortgage Plan, Shifts Focus to Immigration
On Saturday, November 8, Federal Housing Finance Agency (FHFA) Director Bill Pulte announced that the US President is working on introducing 50-year mortgages. Calling the move a “game changer,” Pulte wrote on X (formerly Twitter):
“Thanks to President Trump, we are indeed working on The 50 year Mortgage a complete game changer.”
This announcement came just hours after Trump shared a post on his Truth Social account featuring an image with former US President Franklin D. Roosevelt on one side and himself on the other. The text over Roosevelt read “30-year mortgage,” while Trump’s side displayed “50-year mortgage.” The heading stated: “Great American Presidents.”
Matt Walsh Reacts: Criticism and Immigration Focus
Matt Walsh, podcaster and right-wing political commentator, responded to the news on his X account late Saturday. He criticized the 50-year mortgage plan and shifted the focus toward immigration, tweeting:
“This just means your house will be owned by the bank until you die, and after. We don’t need 50 year mortgages. Get the illegal immigrants out of our country. Give America back to Americans.”
Other Trump Allies Also Oppose the 50-Year Mortgage Plan
Matt Walsh is not alone in his criticism. Marjorie Taylor Greene, US Representative for Georgia’s 14th congressional district since 2021, also spoke out against the proposal. On November 8, she posted on her X account:
“I don’t like 50 year mortgages as the solution to the housing affordability crisis. It will ultimately reward the banks, mortgage lenders, and home builders while people pay far more in interest over time and die before they ever pay off their home. In debt forever, in debt for life!”
Greene further suggested alternative solutions, urging lawmakers to:
“Stop companies and asset managers from buying up single family homes, which has driven the price of homes and forced homebuyers to compete with corporations that turn thousands of homes into permanent rental homes. Let people with a good rent history qualify for mortgages.”
She also highlighted her own bill aimed at increasing housing affordability by eliminating capital gains taxes on the sale of primary residences. Greene explained:
“This will help people keep the equity they have earned owning their home for a very long time and likely allow them to lower the price of their home for sale since they won’t be paying taxes after they sell their home. It really will help seniors sell their houses and keep their equity, which also in turn gives them money they need and that gets put back in the economy.”
Broader Criticism of Trump’s Mortgage Proposal
Trump’s 50-year mortgage plan has drawn criticism from various influential figures. According to USA Today, if passed, the bill could lead to higher interest rates and a reduction in homeowner equity, making the financial burden heavier in the long term.
As the debate continues, many express concerns that extending mortgage terms to 50 years may leave homeowners “in debt forever,” while offering only limited relief from today’s housing affordability challenges.
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https://www.sportskeeda.com/us/podcasts/news-did-trump-propose-50-year-mortgage-plans-matt-walsh-warns-your-house-will-owned-bank-die
