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30 sats \ 1 reply \ @j7hB75 4h \ on: Rant: If you think 50 year mortgages is debt slavery, you don't understand money econ
Moreover, my repayment of the loan is denominated in terms of the worthless asset, so the real value of that loan is only going to go down over time.
Are you talking about fiat being an asset here? Confused by your wording.
When I see people try to pay off their mortgages early, so they can own their home "free and clear", despite the mortgage being lower interest than what they could earn elsewhere, I shake my head.
What’s wrong with that when you can funnel the extra fiat towards other appreciating assets and stores of value?
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0 sats \ 0 replies \ @SimpleStacker OP 3h
Yes, I am talking about the dollar like an asset. It's something you hold that retains value over time (in this case, it retains value poorly)
Paying off nominal debts early is like paying off a debt that slowly disappears on its own over time, due to currency devaluation.
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