Re:Banks as Collateral Damage in a Class War
by lxm on Wednesday March 22, 2023 @11:25AM
(#35262489)
"too much debt" for Person A is "using leverage wisely" for Person B.
With rates approaching zero it was rational to load up on second mortgages, driving up the totality of the debt. If you managed to lock in a sub-3% loan few years back, it's irrational to accelerate repayment.
With rates approaching zero it was rational to load up on second mortgages, driving up the totality of the debt. If you managed to lock in a sub-3% loan few years back, it's irrational to accelerate repayment.