Interesting article and thoughts about the housing and debt market.
I mostly agree with you BUT I feel for a lot of people (myself included) having my capital locked into my house and paying the monthly mortgage allows me to build wealth slowly.
I know very well that I can invest in risky assets and lose a lot of money because I am not very risk averse. Therefore I am happy to have my house as an illiquid asset.
I don't know if I was clear. COngrats on being selected by @hodlcommunity
Take care,
Posted Using LeoFinance Beta
"invest in risky assets and lose a lot of money"
I 100% understand this. Losing 50% of one's retirement in the 2008 Financial Crisis or 80% in the 2018 Crypto Correction is extremely stressful! That said, when you're older it's better to put your money in less volatile assets, but when you're young, it's better to put it in risky assets because you have a lot more time to recover from a financial crisis. But I do understand what you're saying; there's enough stress in life, adding investment stress too it just sucks...lol.
"COngrats on being selected by @hodlcommunity"
Thank you so much @vlemon :)