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by paulus_magnus2 1282 days ago
This is a hit piece against middle class.

A simple counter example: if you were 400k in debt on a 500k house, COVID-relief money printing caused 20% inflation meaning your home is now worth 600k and you still have 400k debt to pay off but with 20% cheaper money. Equivalently 20% (80k) of your mortgage was paid off for free / inflated away. If you rented the 80k would go to your landlord and your rent would go up by 20% - you'd need to seek salary increase to get back to being even.

Until every financial crisis ends up being fixed by freshly printed money By all means, if you can shoulder it, you should ALWAYS have at least one morgage.

1 comments

Agreed. This reads as an advertisement for why the middle-class just needs to acquiesce to the wealthy ruling class because they know what's best for us better than we do.