This effect has also resulted in the people of Denmark becoming the most indebted households on the planet [1], which is increasingly a common theme among such

This effect has also resulted in the people of Denmark becoming the most indebted households on the planet [1], which is increasingly a common theme among such low rate borrowing nations. Norway and the Netherlands are two of the other most indebted household nations. So the real cost is far beyond the low interest monthly payments, it ends up becoming a society-level risk of economic debt suffocation as people load themselves with ever greater amounts of housing obligation, and it sets the stage for a hyper regressive society where housing is far too expensive and you have to bury yourself in debt to buy in. 0% mortgages are cheered, while the staggering monthly payments caused by the asset-inflationary nature of those 0% rates is ignored (resulting in eg Denmark becoming buried in household debt their incomes barely support). [1] https://i.imgur.com/m5E6Tvd.png https://i.imgur.com/m5E6Tvd.png