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Rich people with significant asset portfolios can borrow more and at lower rates than young people. They have been doing so. Forcing young people to take more
by leppr 5y ago
Rich people with significant asset portfolios can borrow more and at lower rates than young people. They have been doing so.
Forcing young people to take more and more debts to buy assets at now over-inflated prices has no happy ending.
- theskypirate 5y agoIf you take out a huge mortgage and buy a house, and then there actually is massive inflation, then you will have a very happy ending.
- leppr 5y agoThis is a zero sum game where the winners are determined by their ability to get cheap debt. Sure, you can win from that. But, in % terms, you win less than people already richer than you. Inequality is only increasing.
- theskypirate 5y agoThat's an ideological concern, not a financial one. The fact is that regular people can do very well investing in real estate, and inflation is very good for real estate investors.