President Donald Trump’s plan for 50-year home mortgages may seem like an unusual idea, but Americans are in the middle of a housing crisis that is also unusual.

There’s a massive shortage of homes for low- to middle-income families. In the past, that would have led to more homes getting built. But the market, so far, hasn’t seemed to respond the way it historically has.

Wages, meanwhile, have not kept pace with the rising costs of housing, putting what many see as a fundamental element of the American dream out of reach for many.

Enter the idea of the 50-year mortgage, a quick fix to lower monthly payments by spreading them out over a longer timeframe.

The lower monthly payment is the alluring part for many people, financial advisor Brian Pedersen with Pedersen Investment Group told C

See Full Page