/biz/ - Business & Finance

>>28842238
>The interest paid does not benefit you
You didn't actually do the math on my example did you?

Let's take some 100K of property to be mortgaged:
Situation 1: Pay 100K. Get asset worth 100K. Your property appreciates say 5% a year, your property is worth 100000*(1.05)^30 = 432K at the end. You are dumb and happy.
Situation 2: Pay 25K. Get house worth 100K. Take on 75K debt at 2.5%. Now you pay $3600 a year as mortgage. Open a new account an invest your 75K in the S&P500 and get 12% boomer gains. If you're scared, put it in noncustodial stablecoin lending instead. You finish your 30 years having paid 32K more than you should have due to interest payments. But your investment account balance has 10X'd and you have a net worth of over a million dollars just because you chose this path. You are smart and happy

Let this be a warning to anons - either invest or eat the bugs. If you don't understand the math behind investment and financing, you both you and your family will suffer greatly this century. You may be the last generation that can ascend through investing wages. Whoever has, more will be given and they will have abundance. Whoever does not have, even what they have will be taken from them.