The Land Development Podcast with Ryan Glick Industry News: 50-Year Mortgages, Trump’s $2K Stimulus, and Killing Property Taxes - TLP121
Nov 17, 2025
Economist Charles Covey joins to dissect pressing government proposals affecting the housing market. They dive into the implications of 50-year mortgages, analyzing payment structures and risks for lenders. The discussion heats up around Trump's potential $2,000 stimulus, weighing inflation concerns and consumer behavior. They also tackle the ramifications of Florida's plan to eliminate property taxes, highlighting its impact on schools and local revenue. Covey's insights illuminate the intersection of politics and real estate in today’s economy.
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Long Mortgages Shift Wealth Building
- A 50-year mortgage lowers monthly payments only slightly but massively increases total interest paid over time.
- Charles warns slow equity build and market corrections could leave homeowners underwater and trapped.
Short-Term Demand, Long-Term Risk
- Charles argues 50-year loans may boost short-term sales and refis but exacerbate long-term systemic risk for lenders and borrowers.
- He predicts perceived demand could push prices higher, offsetting any affordability gains.
Tariff Dividend Raises Inflation Concerns
- The administration floated $2,000 'tariff dividend' checks funded by import tariffs, not new borrowing.
- Both hosts worry one-time payments risk inflation and short-lived spending rather than sustainable relief.