But finance is all but entirely necessary when the government both provides cheap loans and encourages currency debasement. With inflation it's almost irrespon

But finance is all but entirely necessary when the government both provides cheap loans and encourages currency debasement. With inflation it's almost irresponsible to purchase a home outright when a conforming loan will essentially supercharge the growth rate of the home as an asset. I originally paid extra on my mortgage. A few years later, and my mortgage (which wasn't even conforming) costs less than rent for a three bed apartment. I see now that there are better places to put the extra cash. All of these programs are nudging strategies that don't really affect the wealthy in society. Meanwhile I pretty much have to get a loan for school and housing.