[mywittyname]

But inflation also causes the underlying assets to increase, usually at rates far beyond average inflation.

Yeah, the real cost of a mortgage will go down slightly over time. But the biggest benefits to getting a mortgage is to establish a cost basis which is no longer fixed to the cost of housing in a region (which can go up faster than inflation/wages).

Unsecured debt often has interest rates well beyond inflation, unless subsidized. So there's no win for consumers there.