Well, howdy there, Internet people, it's Bell again. So today, we're going to talk about

Trump's 50-year plan. The president is Gerald Ford. Beta Max is new. The Viking One mission is

launched. Ali defeats Frazier. The Heimlich maneuver is endorsed by the AMA.

George Carlin hosts the first episode of Saturday Night Live. Bob Dylan releases an album.

Jaws is the first summer blockbuster. Patty Hearst is captured. One flew over the cuckoo's nest is

released. The Vietnam War

ends with the fall of Saigon, and you bought the house you pay off this year under a 50-year

mortgage. If you missed it, Trump suggested 50-year mortgages as a solution to housing affordability.

Obviously, that prompted a lot of questions,

but the core question is, of course, is this a good idea? The short answer is probably not,

not for most people. Let's be clear, Trump didn't come up with the idea of a 50-year mortgage. They were used regularly in some parts of California around 2006, you know, before the housing crisis. They're still around,

but they're non-qualified mortgages, which means they don't meet consumer financial protection bureau requirements.

Short version, they're relatively rare.

My guess is that Trump wants to make them qualified mortgages.

All the signs are there that this is a bad idea.

But does it address affordability?

Not really.

Let's just run the numbers.

The median home price in the US right now

is a bit above 400,000.

We'll just call it 400.

So a 30-year $400,000 mortgage,

...