Re:Why the government took home prices out of its main infla...
by throwaway0a5e on Friday May 27, 2022 @11:32AM
(#31530781)
Treating a mortgage payment as "money I'm lighting on fire" is the safe way to do it if the mortgage is on an asset that you can't liquidate in order to get access to the equity (because you're living in it).
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Re:Why the government took home prices out of its main infla...
by Der_Einzige on Friday May 27, 2022 @12:28PM
(#31531461)
Yeah you can. Boomers who hate their children do it all the time, it's called a reverse mortgage. You stay in the house until you die, then the bank takes it.