'We Are Not Slaves To Wall Street': 50-Year Mortgage Plan BLASTED

The "50-year mortgage" is a disgusting insult. We are Americans. We are not slaves. We are not slaves to the plantation owner. We are not slaves to China. And we are not slaves to Wall Street. This 50-year mortgage idea is a spit in the face. It is an insult. We did not vote for this. We did not vote to become debt slaves to private equity firms, the big banks, and Wall Street.

Right now, the median home in America costs $500,000. At the prevailing mortgage rate of 6%, you would have $580,000 of interest payments over 30 years. If we went with this ridiculous, inane idea of a 50-year mortgage, that would be $1.1 million of mortgage payments for a $500,000 home. You would end up paying $1.5 million for a $500,000 house.

My grandfather was a World War II veteran. He always told me that we do not want to pass down this national debt to the next generation, to our kids and grandkids, and make them slaves to China. I am not worried about China anymore. I am worried about becoming slaves to Wall Street. And the do-nothing Republicans and know-nothing Democrats seem to be working together once again to push this usury on Americans.

It is an absolute insult. If we want to get serious about housing affordability, the crisis staring down my generation, consider this: when my dad was growing up in the 1960s, half of 30-year-olds were married and owned their homes. Today, only 15% of 30-year-olds are married and own a home. If you cannot own your home, you cannot get married. If you cannot get married, you cannot have kids. If you cannot have kids, then what is the point?

This is an insult. This is economic genocide against the Gen Z generation, trying to foist this kind of slavery and usury on us. We reject it 100%.

If we want to get serious about housing affordability, why not ban Blackstone, one of the largest donors to both parties, from buying up entire neighborhoods and forcing us to rent from them? If we are serious about housing, why not remove the 55 million people here on immigration visas who occupy homes that could go to Americans who have worked, fought, and bled for this country?

I am sick and tired of the do-nothing Republicans and the know-nothing Democrats being in bed with Wall Street, forcing us to become debt slaves, forcing us to accept this unrestrained usury. We did not vote for the 50-year mortgage. If this continues, the Republicans will lose the midterms, and they will deserve to.