neatobuilds comments on I've never been more jealous of a watch

[–] neatobuilds@lemmy.today 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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[–] ArbitraryValue@sh.itjust.works 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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[–] frezik@midwest.social 6 points 2 years ago

Even more: an interest rate of <3% is basically blown away by annual inflation.

That assumes your salary goes up with inflation, though.

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