Wow, what a great idea, from a jerk who doesn’t have a clue about the problems of non billionaires. The clown raised the idea of a 50 year mortgage, where you wouldn’t get any equity in the first decade of payments, while saving less than 10% on your mortgage.

 Take a $450,000 home, for example. With a 30-year fixed mortgage at a 6.25% interest rate, the monthly payment would be about $2,771. Over the life of that loan, the homeowner would pay more than $547,000 in interest.

With a 50-year loan at the same rate, the monthly payment would fall to around $2,452 – but total interest would balloon to about $1.02 million, or 87% more than on the 30-year loan.

Wow, what a GREAT idea, from the ‘stable genius’….