4 ms·
>who the losers are in this system. People who dont qualify. People who misuse it. As is the case with much debt, there is debt given to people who consume i
by basch 5y ago
>who the losers are in this system.
People who dont qualify. People who misuse it. As is the case with much debt, there is debt given to people who consume it, spend it, lose it and owe it; and there is debt given to people who invest it, accrue with it, and profit from it. Many people may stumble through the process and benefit from it, while the purchasing power of others who cant get it is diluted.
- secabeen 5y agoPatrick also links a good newsletter at the end that goes into the "who are the losers" question a bit: https://byrnehobart.medium.com/the-30-year-mortgage-is-an-intrinsically-toxic-product-200c901746a https://byrnehobart.medium.com/the-30-year-mortgage-is-an-in...