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News Link • Ron Paul Says...

The Real Affordability Agenda

• Ron Paul Institute - Ron Paul

This has helped enable Democrats to win governor races in Virginia and New Jersey, and self-described Democratic socialist Zohran Mamdani to win the New York City mayor race by running on "affordability."

Since the election, President Trump has made a number of proposals to ease the burden of high prices. One of the president's proposals is changing federal housing regulations to encourage lenders to offer 50-year mortgages. Though a 50-year mortgage in comparison to a 30-year mortgage could reduce monthly mortgage payments by over a hundred dollars for a median price home, it could also roughly double interest payments made over the life of the mortgage. So, while the longer mortgage may provide a short-term benefit, in the long run it is a losing proposition for potential homeowners.

President Trump also proposed using the revenue from his tariffs to give most Americans at least 2,000 dollars. This may provide some help for struggling Americans, but it does not compensate for the damage inflicted on the American economy by the tariffs.