alt Hacker NewsNot sure what you mean by the “average person” here but the biggest kinds of debt are mortgages ($12T) and cc debt, student loans, and car loans (roughly 4T total).
Is your position that taking debt to buy a house is bad unless you can sell it for a profit? Is working for the mortgage lender to accomplish that not worth it?
You can avoid it by renting, but then you’re just working for the landlord, so there’s no avoiding it.
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immibis • yesterday at 1:12 PM
Space is expensive because of mortgages. If nobody could get a mortgage, nobody would need one. It's a race to the bottom.
Buying a home from a landlord is still working for a landlord; you just pay the present value of future cash flow in a single lump sum, like an annuity.
Every single thing you mentioned outside of cc debt (though arguably you should never reach for a credit card outside of using it for the points systems they provide) could be categorized as something used as a tool to make more money.