Context may be important here. Mortgage vs credit card debt in the US are a bit different due to the type of assets they back--real estate appreciates, many day

Context may be important here. Mortgage vs credit card debt in the US are a bit different due to the type of assets they back--real estate appreciates, many day to day purchases on a card do not. However, there are places where mortgage backed assets depreciate [1]. There may be other places this is true, though I don't know enough about markets in northern Europe to say if this is an issue there. 1. https://www.rethinktokyo.com/2018/06/06/depreciate-limited-life-span-japanese-home/1527843245 https://www.rethinktokyo.com/2018/06/06/depreciate-limited-l...