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0 pointseru1y ago0 comments

Well, some people in rich countries take out a mortgage and buy a house on similar grounds.

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With the differences of:

1. Immediate use of the home 2. Collateral that can be taken back of the loan isn't repaid 3. Often the collateral gains in value over the duration of the loan 4. The interest rate on the loan is way lower than a personal loan or a credit card.

eruOP1y ago

I mostly agree.

However, (3) is a bug that's just commonly encountered (hopefully temporarily) in some countries that restrict construction way too much at the moment. One can hope.

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fireflash381y ago

With the differences of:

eruOP1y ago

I mostly agree.

However, (3) is a bug that's just commonly encountered (hopefully temporarily) in some countries that restrict construction way too much at the moment. One can hope.

j / k navigate · click thread line to collapse