Replying to Avatar Tommy "The Purchase"

Anyone who takes out one of those deserves it, if you're gonna rent anyway, might as well go for a place you don't have to fix up when it breaks.

Get it, because 50 year mortgages are essentially leases because very few people will even live long enough to pay them off.
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VonMises 1mo ago 💬 1

There is also the debasement play… perhaps inflation outpaces both principal and interest and your payments are a pittance. But yea on it’s surface it’s a shit show

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Tommy "The Purchase" 1mo ago 💬 1

Well, if the devaluation of the currency outpaces your mortgage rates, then the renovation costs over five decades might just ruin you financially, in addition to your backpain from pushing around wheelbarrows full of cash all day 😄

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VonMises 1mo ago

Agree