While rent keeps rising year after year, a fixed 30-year mortgage locks in your housing cost — often at a price lower than renting. Peter Schiff explains why, in many cases, the real advantage isn’t just homeownership, but being a debtor.
When you secure a long-term, low-rate mortgage, the debt becomes an asset for you and a liability for the bank, pension fund, or insurance company that holds it. Inflation works against the lender, but in your favor — allowing you to repay the loan with dollars that are worth less in the future.
Do you agree that debt can be an asset in today’s economy? #short
