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kleinbl00  ·  2428 days ago  ·  link  ·    ·  parent  ·  post: Landless Americans are the new Serf Class

Most people don't think about mortgages. Most people also don't hold them simultaneously. Carry one, sell house, pay off, get another.

My wife's parents bought a house in '77. They still live in it. My wife bought a house in '00. We still live in it. We didn't for nine years but boy howdy lemme tell ya: I'd much rather have a 2011 mortgage on a 2000 purchase than a 2018 mortgage on a 2018 purchase.

https://en.wikipedia.org/wiki/Property_ladder