Trump‘s 50-Year Mortgage Proposal Receives Largely uncritical Media Coverage
New York, NY – Former President Donald Trump’s proposal to offer 50-year mortgages to homebuyers, unveiled on his Truth Social platform November 8th, is receiving surprisingly respectful coverage from major news outlets despite concerns from housing experts about its potential long-term financial risks and limited feasibility. The proposal,framed by Trump as a solution to the affordability crisis,has been largely reported as a novel idea without significant scrutiny of its potential downsides.
The suggestion – offering mortgages with terms stretching to half a century – instantly sparked debate. While proponents suggest it could lower monthly payments, making homeownership more accessible, critics warn of substantially increased overall interest paid and the potential for borrowers to be “underwater” on their loans for extended periods. Media coverage, however, has largely focused on the idea of lowered monthly payments, often presenting it without robust analysis of the long-term financial implications for borrowers.
According to FAIR.org, corporate media has a history of framing housing crises in ways that shield landlords and the propertied class from accountability.Eric Horowitz wrote in a 2022 FAIR analysis that much of Big Media’s coverage focuses on narratives blaming renters and the unhoused, rather than examining the role of profit-driven real estate practices. “Corporate media’s eagerness to peddle narratives favorable to the propertied class is to be expected, since many establishment outlets have a vested interest in the continued growth of housing prices,” Horowitz stated.
This pattern continues with the current coverage of Trump’s proposal. Several outlets reported on the idea without delving into the potential for increased risk for borrowers or the logistical challenges of implementing such a system. Furthermore, the financial ties between media companies and the real estate industry – as highlighted by The Conversation regarding News Corp’s entry into the mortgage business - raise questions about potential conflicts of interest in reporting on housing-related policies.
Trump promoted the idea on Truth Social, stating it would be a “stunning thing” and a “great deal” for potential homeowners. The proposal arrives amidst ongoing concerns about housing affordability and rising interest rates, issues Trump frequently addressed during his presidency. Whether the idea gains traction remains to be seen, but the initial media response underscores a pattern of deferential coverage towards proposals benefiting those with financial stakes in the housing market.
