No, you are missing what I’m saying here, the very same house that once cost 25K now requires a 25K down payment… For the very same house. Because that is how much the money has been devalued. Which is why people can’t afford a house anymore. Not because of their avocado toast.
Discussion
I got your point. My point is, the longer you pay, the easier it gets. Having no loans at all, is still be best start in life.
Agreed, debt free sounds great and striving toward that is a goal of mine. Yet with that being said it is hard to ignore the fact there are advantages to debt at reasonable interest rates and reasonable fractions of future earnings due to inflation. You stated yourself above, fixed debt in an inflationary environment (only structure our current system is built upon) allows for paying back the same amount with more dollars in the system over time.