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I've never been more jealous of a watch (lemmy.world)
submitted 2 years ago by to c/retrogaming@lemmy.world
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[–] 10 points 2 years ago (3 children)

being debt free

I know a few people who are definitely not in a hurry to pay off low-interest mortgages from 2020 and 2021, but I suppose that they're already in a very different financial position from the people who might consider going into debt for a watch.

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  • [–] 7 points 2 years ago (2 children)

    Can't take the house with you when you die so the less you end up paying the better in a way, unless you have someone to pass it on to like kids

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  • [–] 7 points 2 years ago* (1 child)

    Those mortgages have an interest rate of less than 3%, but now the returns on even low-risk investments are higher than that, so the borrower is better off investing the money, using some of the profit from that to pay mortgage interest, and keeping the rest.

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