reply on: Rant: If you think 50 year mortgages is debt slavery, you don't understand money \ stacker news ~econ

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0 sats \ 1 reply \ @SimpleStacker OP 13 Nov \ parent \ on: Rant: If you think 50 year mortgages is debt slavery, you don't understand money econ

Reasonable take. But my hypothetical is really assuming that you're already interested in buying real estate, and the choice is between a 30 vs 50 year mortgage. And in either case, I'd argue that I'd rather own real estate than own a dollar denominated promissory note.

30 sats \ 0 replies \ @fiatbad 13 Nov

Yea, good point. If a person is already planning to get a 30 yr mortgage, the 50 could make better sense.