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Interest rates are lower than inflation, and with blackrock and the government and other organizations working together to make it impossible to own a home, i figure it's a decent time to buy. this one ticks all of the boxes, plenty of space for growing food; it's out in the country so i don't have to deal with the niggerkike infested cities much. it's out of range of 5g. The house itself is nice and big too, and you won't find a Biden/Harris sign within 20 miles of this place.

Now I just need to start a secret society with a 2,000 year plan.

Interest rates are lower than inflation, and with blackrock and the government and other organizations working together to make it impossible to own a home, i figure it's a decent time to buy. this one ticks all of the boxes, plenty of space for growing food; it's out in the country so i don't have to deal with the niggerkike infested cities much. it's out of range of 5g. The house itself is nice and big too, and you won't find a Biden/Harris sign within 20 miles of this place. Now I just need to start a secret society with a 2,000 year plan.

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[–] [deleted] • 2 pts

People are too quick to give the advice 'pay off your mortgage as soon as possible' considering the interest is a tax write off.

Hypothetical that isn't financial advice:

So you put an extra 200/month towards your mortgage and you end up saving 30-50k depending on how much you borrowed and what your interest rate is. But at the same time it took 20-30 years to do this and your money is completely inaccessible during this time. You're saving money but you're not getting a lower monthly payment out of the deal unless you refinance. If you refinance the ratio of interest to principle reverts towards what you started with on your first mortgage. You're saving money on the interest but all of the equity in your home is 100% yours anyway so you're not getting an ROI and your money is trapped in an asset that requires taxes and maintenance to maintain. If you're not holding your property 20-30 years you've essentially just put money into an account you can't access.

Then also consider the 30-50k are today's dollars. If the USD magically keeps its prior rate of inflation:

1991: 30k is now 60k 1991: 50k is now 100k 2001: 30k is now 46k 2001: 50k is now 77k

Now imagine instead of dumping money into a low interest debt you instead put money in something that tracked with or beat inflation, then turned around and pumped the money you would have saved on the mortgage with an extra 200/month as a remodel just before you moved out. So you do your kitchen and baths, floor, paint, new SS appliances, roof if you have it, and then sell at an upswing in the market and pocket the equity that all that money you put into the property just gave you because the future home owner doesn't give a shit about the inflated price because they are about to do the same thing where their cash goes elsewhere.

Again not advice.