Anthony Esposito Slams 50-Year Mortgage Proposal as “Bad Economics"
In a wide-ranging interview on Your News Talk America, Anthony Esposito, founder and CEO of Ascalon Six Capital, dismantled the idea of a proposed 50-year mortgage, calling it financially destructive for homebuyers—especially younger generations. Esposito explained that while a 50-year loan may save about $120 per month compared to a traditional 30-year mortgage on a $300,000 home, the long-term consequences are enormous. Borrowers would pay more than double the interest—$366,000 on a 50-year mortgage versus $155,000 on a 30-year—and spend the first decade or more paying almost no principal. He stressed that with the average American owning a home for only 12 years, a 50-year mortgage would leave most people selling with zero equity, essentially trapping them in long-term debt without building wealth. Esposito called the idea “a bandaid,” not a solution, and said it would worsen the debt burdens already hitting Gen Z, including record-high credit card and student loan debt. However, Esposito praised the concept of portable mortgages, which allow homeowners to transfer an existing low interest rate—like the 3% rates available when President Trump left office—to a new property. He noted the system works successfully in the U.K. and could help Americans maintain affordability without taking on unnecessary debt. Esposito closed by applauding the current administration for offering “creative, proactive” ideas to repair the housing market—contrasting it with critics who, he said, offer complaints but no solutions.
