The way most people pay their loans is a bad investment. If you total the entire amount you paid for your house and vehicles with interest you’ll have paid double what it is worth. Is that your logic? Didn’t I just discuss the government preying on students for loans? Also, there was an inference to freddie and fannie mae. Also, buying a house or car are not really investments. Who taught you that? They are both depreciating assets that actually require tremendous cost to keep at base level value. The government taught you that owning a house was an investment. It’s kinda a lie. Your analogy about printing presses really falls flat here. Lastly, I feel I was pretty specific in what loans I was talking about. You are trying to apply my words to a broad generalization. I don’t think the hyperbole was necessary.
The way most people pay their loans is a bad investment. If you total the entire amount you paid for your house and vehicles with interest you’ll have paid double what it is worth. Is that your logic? Didn’t I just discuss the government preying on students for loans? Also, there was an inference to freddie and fannie mae. Also, buying a house or car are not really investments. Who taught you that? They are both depreciating assets that actually require tremendous cost to keep at base level value. The government taught you that owning a house was an investment. It’s kinda a lie. Your analogy about printing presses really falls flat here.