2 ms·
Tbh I'm quite surprised. Loading up on debt vs deposits sounds like a better alternative in this climate
by alfiedotwtf 5y ago
Tbh I'm quite surprised. Loading up on debt vs deposits sounds like a better alternative in this climate
- human 5y agoThe nice thing is that you can do both! You can up your savings while taking on a bigger than ever mortgage. A real example for someone who earns 50k per year would be to have 20k in a savings account while getting a 500k mortgage. You’d be taking advantage of the system and making more money with your debt than with your savings. That’s assuming inflation on the price of your house at 4-5% while paying 1-2% interest rate.