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A comment on The 30-Year Mortgage Is an Intrinsically Toxic Product (2018). Parent comment

Re:The 30-Year Mortgage Is an Intrinsically Toxic Product (2... by unmole on Saturday July 22, 2023 @03:20AM (#36824126)
> always assumes you'll live in a large cardboard box somewhere.

It assumes you'll rent a comparable place.

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Re:The 30-Year Mortgage Is an Intrinsically Toxic Product (2... by Gibbon1 on Saturday July 22, 2023 @04:00AM (#36824343)
Makes a lot of textbook assumptions.

In my case interest minus tax breaks plus property tax is 40% of current rent for a similar place.

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