Trump’s 50-Year Mortgage Plan: Smart Opportunity or Trap?

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3:09PNC Bank, brilliantly boring since 1865. Brilliantly boring since 1865 is a service mark of the PNC Financial Service Group, Inc. PNC Bank, National Association member, FDIC. All right, let's talk about this. Donald Trump's proposed plan for a 50-year mortgage. Not the first time that something like this has been said, and it'll take other steps for this to actually be able to be implemented. But like all things, he just went on social media and just made a true social post. It got people buzzing and talking about it. But I mean, also your mortgage mistakes. I even hate the idea of the 31 that got enacted, but also to in combination when defaults are at the highest level on credit cards.

4:03They're thinking about having a 15 year card. No, I hate to sound like Dave Ramsey, but a 50 year mortgage and a 15 year card note is absolutely insane. Well, hear me out. here's the thing here's the thing most people stay in a house for the average of eight years i believe maybe maybe less so very few people are staying in a home for 30 years right real estate real estate have has been appreciating over the course of time right and it's probably going to keep appreciating because there's a housing shortage all the stuff that we talk about all the time. Um, so, okay. People can't afford to buy a home right now.

4:47So if you get into a 30 year mortgage, the downside is that the upside for a 50 year mortgage, as opposed to 30 year mortgage, that the 50 year mortgage, if you have the same interest rate, you're paying less, you're paying less money monthly. What if mind control is real? If you could control the behavior of anybody around you, what kind of life would you have? Can you hypnotically persuade someone to buy a car? When you look at your car, you're going to become overwhelmed with such good feelings. Can you hypnotize someone into sleeping with you? I gave her some suggestions to be sexually aroused.

5:22Can you get someone to join your cult? NLP was used on me to access my subconscious. NLP, aka Neuro Linguistic Programming, is a blend of hypnosis, linguistics, and psychology. Fans say it's like finally getting a user manual for your brain. It's about engineering consciousness. Mind Games is the story of NLP. It's crazy cast of disciples and the fake doctor who invented it at a New Age commune and sold it to guys in suits. He stood trial for murder and got acquitted. The biggest mind game of all? NLP might actually work. This is wild. Listen to Mind Games on the iHeart Radio app, Apple Podcasts, or wherever you get your podcasts.

6:06Run a business and not thinking about podcasting? Think again. More Americans listen to podcasts than ad-supported streaming music from Spotify and Pandora. And as the number one podcaster, iHeart's twice as large as the next two combined. So whatever your customers listen to, they'll hear your message. Plus, only iHeart can extend your message to audiences across broadcast radio. Think podcasting can help your business? Think iHeart. Streaming, radio, and podcasting. Call 844-844-IHEART to get started. That's 844-844-IHEART. Hey, what's up, y 'all? This is Questlove. Recently, I had the opportunity to sit down with A$AP Rocky ahead of his album release, Don't Be Dumb.

6:44He reflects on his journey from his Harlem roots to global icon status, discovering the hip-hop origin of his name. The ledge was on the TV. Rakim had the bucket hat can go during it. My pops was like, that's Rakim. That's who you named after. I just was like, damn, that was f***ing guy swagged. Rocky offers a window into not only a boundary-breaking artist, but as a man committed to fusing creative ideas, community, and remaining unapologetically himself. Have you ever gotten roasted for any of your outfits? For sure. Some people don't be getting the vision. Look, they can roast me, they can cook me, they can deep-fry me, they can saute whatever they want.

7:23And there's nobody who can f*** with my fashion sense and my taste is impeccable. I'm just like, I impress myself a lot. It's an amazing conversation, one you definitely don't want to miss. So listen to the Questlove show on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. New year, new goals, and in this economy, a better money plan is more necessary than ever. I am Matt. And I'm Joel. We are from the How to Money podcast, and every week we help you to spend smarter, save more, and make sense of what's going on out there. If you want 2026 to be the year you finally feel in control of your money, we're here to give you the tools and advice to help you make it happen.

8:07Listen to How to Money on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Hey there, this is Dr. Jesse Mills, director of the men's clinic at UCLA Health and host of the Mailroom podcast. Each January, guys everywhere make the same resolutions. Get stronger, work harder, fix what's broken. But what if the real work isn't physical at all? To kick off the new year, I sat down with Dr. Steve Poulter, a psychologist with over 30 years experience helping men unpack shame, anxiety, and emotional pain they were never taught to name. In a powerful two-part conversation, we discuss why men aren't emotionally bulletproof, why shame hides in plain sight, and how real strength comes from listening to yourself and to others.

8:50Guys who are toxic, they're immature, or they've got something they just haven't resolved. Once that gets resolved, then there comes empathy and some compassion. If you want this to be the year you stop powering through pain and start understanding what's underneath, listen to The Mailroom on the iHeartRadio app, Apple Podcasts, or wherever you get your favorite shows. the downside is that you're paying more money over the course of time because you have more interest more and more interest that you're paying right so you're paying almost twice as much over the course of time but if your plan is not to actually stay in the house for 30 40 50 years which majority people are not anyway well you can actually now maybe potentially get into a house at a lower monthly payment, which makes it more affordable, get your feet on the ground, build up equity in the house, sell the house, have a lump sum profit that now you can, you know, create more wealth with.

9:57It sounds good in theory, but the thing, the fact that they're leaving out is unstable government ruling currently in the United States of America. like prior to that money being printed in covid wouldn't be a bad idea um but also too if you if you have a house that's 300 000 which is that's hard to find now in most major cities you're probably in a paying like 1.2 million dollars once you add up interest if you have it for the life cycle of the loan and if you're married that was over to the person that you're married to, correct?

10:33100%, but opportunity cost. The money that you're saving, you can be investing. Good point. I want to be clear, though. A 50-year mortgage only benefits the banks. Because even the every person should have a home, that was a banking product marketing idea. It wasn't for the benefit of the citizens of the United States of America. Now, will most people invest the difference? No, they're going to go jet to holiday. Most people, maybe like the talented 10th or 15 % will probably invest the difference, which is a great idea. Whatever you put into your mortgage, you should be putting that minimum into the market.

11:15But most people are going to take the difference and do lifestyle shit, unfortunately. So you're coming from a logical standpoint because you're a logical person. most people are very emotional not logical 100 % but once again that's why you gotta play this wealth game this whole game is it's a game you gotta play this wealth game you gotta okay I'm gonna do this to do this what's your next move you gotta think about three moves ahead if you find a don't go anywhere without knowing the exit already and if you don't know the exit you're you are the exit so loser don't go into a house without thinking about when you're going to sell the house just like a stock right we always say okay you should hold the stock for 10 years or if you're going to options trade no when i think you got to have the same approach in real estate i'm gonna stay in this house for 10 years maximum i'm gonna stay in this house for five years if i can get a really you know i I anticipate based off of the area, the current climate is going to appreciate over the course of time.

12:25I'm going to take this money, go to Ghana. I'm going to make sure that it got a nice kitchen. Cause I know that that's going to help the value of the house on the resale. I'm going to make sure that the floors are a certain material because not even thinking about myself, thinking about the next person that's going to buy it. You got to think about the next person that's going to buy your house. Why? While you're putting your house together. Yeah. Man, got to have some innovation in there so when that 10-year life cycle comes, it doesn't look dated. So I have to do all these repairs. It's a lot of things to consider.

12:56But if they pass this 50-year thing, it won't be for our benefit. It won't be for our benefit. Ernest, what's up? You ever walk into a small business and everything just works? Like the checkout is fast, the receipts are digital, tipping is a breeze, and you're out the door before the line even builds. Odds are they're using Square. We love supporting businesses that run on Square because it just feels seamless, whether it's a local coffee shop, a vendor at a pop-up market, or even one of our merch partners. Square makes it easy for them to take payments, manage inventory, and run their business with confidence, all from one simple system.

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14:55Can you hypnotize someone into sleeping with you? I gave her some suggestions to be sexually aroused. Can you get someone to join your cult? NLP was used on me to access my subconscious. Mind Games, a new podcast exploring NLP, a.k.a. neurolinguistic programming. Is it a self-help miracle, a shady hypnosis scam, or both? Listen to Mind Games on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Hey, it's Joel. And Matt. From HowToMoney. If your New Year's resolution is to finally get your finances in shape, we've got your back. Prices, they're still high, and the economy is all over the place.

15:33But 2026 is the year for you to get intentional and make real progress. That's right. Each week we break down what's happening with your money, the most important issues to focus on, and the small moves that make a big difference. Kick off the year with confidence. Listen to How to Money on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Hello, hello, all my people. What's up? It's Questlove. Recently, I had the opportunity to sit down with the one and only ASAP Rocky. He reflects on his journey from Harlem roots to global icon status and discovering the hip-hop origin of his name.

16:08The ledge was on the TV. Rakim had the Buckethead Kangol join on. I'm possibly like, that's Rakim. That's who you named after. I just, damn the f*** I swear. Listen to the Questlove show on the iHeartRadio app, Apple Podcasts, or wherever you get your podcast. This season on Dear Chelsea with me, Chelsea Handler. we've got some incredible guests like Kumail Nanjiani. Let's start with your cat. How is she? She is not with us anymore. Okay, great, great, great way to start. Maybe you will cry. Ross Matthews. You know what kids always say to me? Are you a boy or a girl? Oh my God. All the time. That's so funny.

16:48I know. So I try to butch it up for kids so they're not confused. Yeah, but you're butching it up is basically like Doris Day. No, I turn into Bea Arthur. Listen to these episodes of Dear Chelsea on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. This is Dr. Jesse Mills, host of the Mailroom Podcast. Each January, men promise to get stronger, work harder, and fix what's broken. But what if the real work isn't physical at all? I sat down with psychologist Dr. Steve Poulter to unpack shame, anxiety, and the emotional pain men were never taught how to name. Part of the way through the valley of despair is realizing this has happened, and you have to make a choice whether you're going to stay in it or move forward.

17:27Our two-part conversation is available now. Listen to The Mailroom on the iHeartRadio app, Apple Podcasts, or wherever you get your favorite shows. This is an iHeart Podcast. Guaranteed human.