People buying debt are the people buying bonds. Would you lend 100k to someone for 30 years at 3.25%? If you do, I think you're foolish.
However, if you're borrowing 100k from someone at 3.25% for 30 years you'll likely be very happy you did.
Thanks for the answer. That appears to be a logical answer.
how does this jive with
> I'm opting for...and real estate (with nice fixed-rate mortgage debt to purchase)
Honestly, I don't have a finical background. But isn't a mortgage just buying debt that is slowly paid off. I don't think real estate is a terrible strategy, but it does not always raise in value. 2008 was a reminder of that for a lot of people.