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> Mortgage payment over 20 years 2x Completely and utterly false. http://www.slate.com/articles/business/the_united_states_of_debt/2016/05/the_rise_of_househo
by Frogolocalypse 9y ago
> Mortgage payment over 20 years 2x
Completely and utterly false.
http://www.slate.com/articles/business/the_united_states_of_debt/2016/05/the_rise_of_household_debt_in_the_u_s_in_five_charts.html http://www.slate.com/articles/business/the_united_states_of_...
Furthermore that attitude makes me physically sick. You are a debt slave providing the fruits of your labor to the banking industry, all priced at the maximum value that can be extracted for the longest period. All because inflation punishes savers.
- phkahler 9y agoI stand by my statement. Payments have not gone up nearly as much as housing prices and it's due to the lower interest rates - which have mostly fallen over the last 40 years. The attitude makes me sick too. I never said it's MY attitude, just how the world works for enough people to drive the trend. I live more responsibly.
- imtringued 9y agoThe problem is that you cannot save everything the same way you can save money or gold. Food you consume has to be produced. We can't just produce a lot of food in one year and then store the excess for 100 years until you finally want to consume it. The food is gone. Your deflationary currency is worthless if you can't buy anything with it.