[sinabl]

Perhaps TAE should do an article on the rent vs buy (lock in low interest) discussion.

[sinabl]

“The main advice we’ve always given with regards to debt deleveraging stands: get out of debt.”

Can someone please explain to me if mortgage debt is considered bad or not in regards to the line above? Think about it, if credit going to dry up in the future thus making it hard to obtain a loan, wouldn’t it better to own a property now (albeit with a mortgage) as opposed to renting? The only negative that i can see is if the price of the property drops. I rather buy something semi cheap and I wont be fighting 50M+ other people trying to secure rent. I am in the US by the way. Can someone explain and articulate why a mortgage is bad, if it truly is?

Also, given population increase, what would happen to housing supply in general in a tight credit market? What would happen to the construction industry? Soaring rent/home prices for existing homes?

[Author]

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