Fox’s Laura Ingraham Confronts Trump on 50-Year Mortgage Plan: ‘Is That Really a Good Idea?’

Fox News host Laura Ingraham confronted President Donald Trump over his controversial 50-year mortgage plan on Monday, questioning whether the plan was “really a good idea.”

“Housing costs are still out of reach, and another thing that your administration is trying to tackle,” said Ingraham during an interview with Trump on The Ingraham Angle. “The average age of first-time home buyers are now up to age 40, which is sad for the country.”

Trump protested, “Yeah, but I inherited that. Look, you have to understand–”

Ingraham interrupted, “Right, but let me get to the question, though, because your housing director has proposed something that has enraged your MAGA friends, which is this 50-year mortgage idea. So, a significant MAGA backlash, calling it a giveaway to the banks and simply prolonging the time it would take for Americans to own a home outright. Is that really a good idea?”

“It’s not even a big deal,” Trump insisted. “I mean, you know, you go from 40 to 50 years.”

“Thirty to 50,” Ingraham corrected.

The president argued:

You pay something less, from 30, some people had a 40, now they have a 50. All it means is you pay less per month, you pay it over a longer period of time. It’s not like a big factor. It might help a little bit, but the problem was that Biden did this. He increased the interest rates and I have a lousy fed person who’s gonna be gone in a few months, fortunately. I have a guy, “Too Late.” You know, Jerome Powell, we call him “Too Late.” He was too late on everything except when it came to before the, you know, the Democrat, so-called Democrat election, which didn’t work. But we’re gonna get interest rates down. But even with interest rates up, the economy is the strongest it’s ever been.

Ingraham questioned, “Then why are people saying they’re anxious about the economy? Why are they saying that?”

“I don’t know that they are saying that. I think polls are fake,” replied Trump. “We have the greatest economy we’ve ever had.”

Trump received heavy backlash over his 50-year mortgage proposal this week, with critics pointing out that struggling Americans would end up paying hundreds of thousands of dollars more in interest to banks.

“How is ‘here, enjoy this 50 year mortgage’ different from ‘you will own nothing and you will like it'” questioned Rep. Thomas Massie (R-KY), while Rep. Marjorie Taylor Greene (R-GA) weighed in, “I don’t like 50-year mortgages as the solution to the housing affordability crisis. It will ultimately reward the banks, mortgage lenders and homebuilders while people pay far more in interest over time and die before they ever pay off their home. In debt forever, in debt for life!”

Conservative media magnate Glenn Beck expressed similar concerns, writing, “A 50-year mortgage plan is being floated to help younger generations ‘afford’ the American Dream. But that’s not homeownership. That’s RENTING. It’s almost like… ‘you will own nothing and be happy.'”

Trump’s proposal also received criticism from Fox Business host Charles Payne, who said bluntly, “I do not like this idea.”

Watch above via Fox News.

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