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

In this thought-provoking clip of *Black Out with Ian & Rashad*, Rashad Bilal and Ian Dunlap break down Donald Trump’s headline-grabbing proposal for a 50-year mortgage. Would a mortgage plan stretching across half a century actually help homebuyers—or is it just another win for the banks? Rashad and Ian don’t just debate the policy; they get real about how most Americans use their homes, why people rarely stay the full 30 years, and how monthly payments might change with a longer loan term. Rashad argues there’s a strategy here: use a lower monthly payment to get a foot in the door, build equity, and plan your exit from day one. Ian, meanwhile, gets straight to the point: these mortgage products are designed to benefit the banks, not the buyers—and without discipline, most folks won’t invest their savings but instead boost their lifestyle spending. The conversation weaves through home appreciation, investing strategies, and why every homeowner needs an exit plan before they even move in. Whether you’re thinking about buying, already own a home, or just want to know how today’s policies might affect your wallet, don’t miss this honest, practical take. Hit play, and join the discussion! Would you take a 50-year mortgage if it meant you could afford the home you really want? Or is it a wealth-building pitfall? Let us know your thoughts in the comments. *Hashtags:* #RealEstate #TrumpMortgage #BlackOutPodcast #RashadBilal #IanDunlap #PersonalFinance #WealthBuilding #HomeOwnership #MortgageTips #FinancialLiteracy

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Episode Transcript

Speaker 1 (00:00):
All right, let's talk about this on Donald Trump's proposed
plan for a fifty year mortgage. Not the first time
that this something like this has been said, and it'll
take it'll take other steps for this to actually be
able to be implemented. But like all things, you know,
he just went on social media and just made a
true post, a true social post post. It got people

(00:22):
buzzing and talking about it. But I mean, also, yeah,
mortgage mistakes. I even hate the idea of the thirty
one that got enacted. But also too in combination, when
the false are at the highest level on credit cards,
they're thinking about having a fifteen year card note. I

(00:43):
hate to sound like Dave Ramsey, but a fifty year
mortgage and a fifteen year card note is absolutely insane. Well,
hear me out. Here's a thing. Here's a thing. Most
people stay in the house for the average of eight years,
I believe, maybe maybe less. So very few people are
staying in a home for thirty years. Right. In real estate,

(01:06):
real estate 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, so okay, people can't afford to buy a
home right now. So if you get into a thirty
year mortgage, the downside is that the upside for a

(01:29):
fifty year mortgage as opposed to thirty year mortgage, that
the fifty year mortgage, if you have the same interest rate,
you're paying less. You're paying less money monthly. 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

(01:53):
is not to actually stay in the house for thirty
forty fifty 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

(02:17):
that now you can you know, create more wealth.

Speaker 2 (02:21):
With That sounds good in theory, but the thing, the
fact that they'll leave it 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,
but also too. If you if you have a house

(02:41):
that's three hundred thousand, which is that's hard to find
now in most major cities, you're probably end up pending
like one point two million dollars once you add an interest,
if you have it for the life cycle of the loan,
and if you're married, that us over to the person
that you're married to. Correct one hundred percent.

Speaker 1 (02:59):
But but but opportunity course, the money that you're saving,
you can be investing.

Speaker 2 (03:09):
Good point. I want to be clear though, at fifty
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 city
of the United States of America. Now, will most people
invest the difference? No, they gonna go jet the holiday.

(03:30):
Most people, maybe like the talented tenth or fifteen percent
will probably invest the difference, but most which is a
great idea, whatever you put into your mortgage, you should
be putting them minimum into the market. But 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

(03:50):
logical person. Most people are very emotional not logical.

Speaker 1 (03:56):
Yeah, simple. Once again, that's why you got play this
both game. This whole game is it's a it's a game,
and that's what you gotta play. This wealth game. You
gotta okay, I'm 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 into it. Don't go
anywhere without knowing the exit already. And if you don't

(04:21):
know the exit, your you are the exit. So don't
go into a house without thinking about when you're gonna
sell the house. Just like a stock, right, we always say, okay,
you should hold the stock for ten years or if
you go into an options trade. You know when I
think you gotta have the same approach in real estate.
I'm gonna stay in this house for ten years maximum.

(04:42):
I'm gonna stay in this house for five years if
I can get a really you know, I anticipate based
off of the area, the current climate is gonna appreciate
over the cost of time. I'm gonna take this money
go to Ghana. I'm gonna make sure that it got
a nice kitchen because I know that that's gonna help
the value of the house on the resale. I'm gonna
make sure that the floor yours are a certain material
because not even thinking about myself, thinking about the next

(05:05):
person that's gonna buy you guys, you gotta think about
the next person that's gonna.

Speaker 2 (05:09):
Buy your house.

Speaker 1 (05:10):
M Why while you're putting your house together.

Speaker 2 (05:13):
Yeah, gotta have some innovation in this so when that
teen of life cycle comes and doesn't update it, so
have to do all the repairs. It's a lot of
things to consider. But if they pass this fifty year things,
it won't be for far benefit. It won't be far benefit.