James Fishback, the CEO of investment firm Azoria, compared the idea of introducing a 50-year mortgage to "economic genocide."

Donald Trump’s idea of introducing a 50-year fixed-rate mortgage has been condemned as a “” by James Fishback, the CEO of American investment firm Azoria, who says the proposal will result in “economic genocide against the Gen Z generation.”

  • sharkteethsandwich@lemmy.dbzer0.com
    50·
    19 days ago

    “If we want to get serious about housing affordability, why not ban Blackstone, one of the largest donors to both parties, from buying up entire neighborhoods and forcing us to rent from them? If we are serious about housing, why not remove the 55 million people here on immigration visas who occupy homes that could go to Americans who have worked, fought, and bled for this country?” he wrote on X.

    He was so close, had it going so well, and then decided to say some stupid shit that just ruins his argument.

    • danekrae@lemmy.world
      25·
      19 days ago

      then decided to say some stupid shit that just ruins his argument.

      It’s a great argument, if you are trying to convince a moron, I mean a republican.

    • luciferofastora@feddit.org
      11·
      19 days ago

      If we are serious about housing, why not remove the 55 million people here on immigration visas who occupy homes that could go to Americans who have worked, fought, and bled for this country?

      Correct me if I’m wrong, but how exactly are these immigrants making their living, if not by working (and, in places with lax safety rules, probably also bleeding) for a country that’s not even their own?

      • dmention7@midwest.social
        6·
        19 days ago

        It was a simple typo. What he said was “Americans who have worked, fought, and bled for this country”.

        What he meant to say was “Americans who happened to be born in this country”.