News for hackers. Stuff that matters.

A comment on Economists Are Rethinking the Numbers on Inequality. Parent comment

Re:Economists Are Rethinking the Numbers on Inequality by rad88 on Wednesday December 04, 2019 @04:49PM (#21707523)
The wealth difference is not as great as it seems, it's just the interest on the mortgage minus tax incentives and the opportunity cost of paying it off.
[ Parent | on HN ]
Re:Economists Are Rethinking the Numbers on Inequality by harryh on Wednesday December 04, 2019 @05:53PM (#21708059)
If I have a $1M house I can sell it and have $1M in cash.

If I have a $1M house and a $900k mortgage then I can sell it and only have $100k in cash.

[ Parent | on HN ]