Would 40 Year Mortgages Fix the Problem?

CNBC just published an Op-Ed titled, "The case for a 40-year mortgage" written by John Hope Bryant. The op-ed argues for introducing 40-year mortgages to help combat the struggle average Americans are facing with purchasing their first home. Between high interest rates, low inventory, and a struggling economy where wages are not keeping up with the cost of living, this is a proposed solution. But would it do more harm than good?

 

Matt, Eli, and Lee also talk about Kamala Harris' plan to raise the corporate tax rate if elected, something which Eli points out as rather pointless and primarily political. They also cover the recent stock market trends.

 

Link to the mentioned Op-Ed: https://www.cnbc.com/2024/08/20/op-ed-the-case-for-a-40-year-mortgage.html

 

💬 Comment below what you think about a 40 year mortgage or how you feel about America's tax system!

 

🍿 Watch Next: Last week's Data Brief, hosted by Eli! https://www.youtube.com/watch?v=R4TwlUPQs5Q&t=1s

 

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