According to social facts and an interview with Fox News, Donald Trump presented the idea of a 50-year property in the US, suggesting that it would make home ownership more common for Americans. But Show every day Host Josh Johnson isn’t sure.
In the above excerpt from Suleth’s show, the host pulls to calculate that a six percent loan on a $400,000 home would mean about $300 in down payment, but more than $800,000 in interest over the life of the loan.
“So you’re saying that after interest, a $400,000 loan will cost me $1.3 million?” Johnson. “That’s the opposite of cheap. This man is building a standard bill. They’re going to be fighting to get it outside of grandmother’s will. Grandkids will be saying, ‘I didn’t know, okay? I won’t even let you know about Christmas because his skin was so loose. “
