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 ppl alive today (excluding those who bought houses in or after 2022) have had a lot of opportunities to refinance for interest rates around 3-4% 

hope that time comes again! 

also, can't really think of a primary residence as an investment asset, it's relative to the cost of renting factoring in tax benefits