Comment on Bank Workers, Rejoice!
Furbag@lemmy.world 6 days agoYou’re right, but he did say the monthly payment was the difference, not the interest payments. That typically doesn’t change throughout the life of the loan. I wonder what the math formula looks like for a 50 year fixed?
technocrit@lemmy.dbzer0.com 6 days ago
here’s some math: nakedcapitalism.com/…/why-trumps-50-year-mortgage…
Furbag@lemmy.world 6 days ago
Fantastic read, thanks for sharing. At a realistic interest rate, the savings per month are literally just a few dollars. Unbelievable.
This idea seems like something that someone who understands absolutely nothing about economics and doesn’t care to learn anything beyond initial vibes would latch onto, which is precisely why Donald Trump is pushing it.