brought to you by the every dollar app start budgeting for free today and this is going to fix

america's housing crisis oh horse crap trump that's absolutely assinine and you know it president

trump actually realizes i suppose uh because he is a a math and a real estate guy, that the difference in a

50-year mortgage and a 30-year mortgage is more about looking like he did something to help

people than the math is. This is a political stunt by President Trump if he actually knows what's going on.

Otherwise, it's an ignorant stunt by President Trump. I don't know which one it is. Because the

difference in a 50-year mortgage and a 30-year mortgage, as we just described, you would think it

would be almost half, but it's only 16% less. So your payment on a 50

year, on a half million dollars is $2,200, on a 30 year is $2,600. You save a whole $300

by going in debt an extra 20 freaking years. And you save $ $300 and this is going to fix America's

housing crisis. Oh, horse crap, Trump. That's absolutely assinine and you know it. It's ridiculous.

I mean, come on. And then talk about the interest.

I mean, this is like Joe Biden saying he's forgiving student loans when he knows he can't. Okay? It's just the same. It's political stunt. You know you can't do this. The law won't let you do it, but you're walking around, strutting around acting like you did something. You politicians. So Trump's like, I'm going to give him a 50-year mortgage. because he's got billions of dollars of mortgages on all these New York buildings, and he just loves debt.

He thinks it's awesome. He and I have disagreed on that since back in the Larry King days. I remember, y'all remember Larry King? Oh, Larry King Live, of course. We used to do those TV shows and they had like six people on there. It looked like Brady Bunch. Look like the Brady Bunch. We're in the boxes on the Brady Bunch.

And Trump will be in the left-hand bottom corner and and they had like six people on there look like a Brady bunch look like the Brady

bunch we're in the boxes on the Brady bunch and Trump would be in the left hand bottom corner and I'm up in the other corner and I'm yelling at him about getting out of debt and he's like who is this hillbilly on the thing with me he and that's the first time he and I ever talked was I got in a big fight with him on Larry King like 25 or 30 years ago I actually like President Trump Trump in general, and I've been around him several times, but this is an

absolute bogus political stunt, and he knows that he's over laughing at you people, going, oh,

50 years, we're not going to have to pay anything.

We can get a mortgage for almost nothing.

Compound interest, baby, we just explained it to you.

It saves you almost nothing over a 30-year mortgage. But 16%, but you're almost 100% more in debt. But talk about the fact that it's a trap in that because I've heard a lot of people say, well, I can get it. It's a great place to start and then later on I can move to something else. There's a great place to start to go to a payday lender too. It's a great place to start to go to a pawn shop. This is an absolute stupid statement. They're not thinking about when you do that, how quickly are you gaining equity? You're not gaining an scale. Except the house goes up in value. Yeah. But you could get an interest-only, and it would be almost the same thing. Basically.

They had interest-only loans for a while. You all remember those? That was stupid on steroids. Hello, 2008. We're calling. And, yeah, does anybody remember stupid on steroids? I remember it. How about a one-year adjustable rate mortgage tied to an index that already started in the whole your first day? In other words, if you had to adjust it the day you took out the mortgage, you would already be going up. That's how all the one your arms are set up, by the way, boys and girls. This is why it's stupid. The game is rigged. So what you want to do is if you're going to get in the game, you want to get out as fast as possible, not plan to stay in. So you're not saving anything by taking out a 50-year mortgage. Sorry, President Trump, bogus move. You either knew it or you didn't, but now if when you hear this, you'll at least know. And I was on a call with him just a few weeks ago on some other stuff. And he told him it was done? No, it wasn't out by then.

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