Members of the Trump administration have floated a new proposal to address the nation’s housing crisis. It’s a dud. They should stick to the basics.

President Donald Trump took to Truth Social last weekend to advocate for the creation of a 50-year mortgage loan. Bill Pulte, director of the Federal Housing Finance Agency, then called the idea a “complete game changer.” But the math shows otherwise.

The move comes as the age of first-time homebuyers has risen significantly because of higher housing and mortgage costs. Just four years ago, those purchasing their first homes were, on average, 33 years old. The number today is 40. The National Association of Realtors reports that first-time purchasers now represent just 21 percent of buyers, an all-time low.

The White House push to address h

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