This broke my brain a bit. Chart shows a typical $500K mortgage at 8% fixed. You’re mostly paying interest for decades. Equity only kicks in the last 7–10 years.

Total paid: ~$1.2M. Interest alone: ~$700K.

I get its pros but levering up into an illiquid asset in a post-ZIRP world .. ??

Pls help me make sense why this is sold as the safe and very normal thing to do.

most are desensitized to the risks and it doesn’t help that realtors are most times trained on only that single market, i don’t think the next 30 will be anywhere close to as easy as the last 30 in terms of real value appreciation

can be a good *life* choice tho while potentially not being the optimized financial choice

investor, photographer, nomad, exploring onchain & exploring the 🌎

yep, where ppl can get into trouble is thinking of primary home as an investment

this angle i am fully aligned with. good friend told me a long time ago that home ownership is a luxury, treat is as such.