Phoenix

@phoenix31

398 Following

115 Followers

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https://media.tenor.com/78zU2UHA1hIAAAAC/morning-good-morning

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Ram babu N base.eth pfp

Ram babu N base.eth

Good morning everyone 🌄

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🌳 Have a nice friday

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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.

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Happy new year 🎊🎊

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