Damus
mike · 37w
To clarify that. I’m not here to advise anybody anything. I can’t do that morally and I certainly can’t legally give financial advice. But what I can explain is reality. Mortgage literally tra...
Tyler Burns profile picture
Don't get me wrong, as someone who has retired at the age of 42 and have been debt free aside from a mortgage on my home, I abhor debt and understand that more than anyone. But everyone's financial situation is different and saying a penny of debt is equal to slavery is nothing but hyperbole.

Sure, living in a van and travelling the world is a great and free life style. But some people want families and a home and land for their children to grow up in. Who is more enslaved in that regard then, the renter or the home owner with a mortgage?

Everything is relative in the end.
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mike · 37w
The cost of a penny of debt is a contract that has the same legal enforcement as a debt of $1M. That is the point I am making here. If you actually borrow $1 from your mate, he is not going to take you to court to recover it, neither is a firm going to spend a lot of effort recovering a few hundre...