There’s too many assumptions made in this article. Not all mortgages are speculative, many just want a place to live where they’re not subject to a landlord and all the rules that come with it, even if they don’t stay for the full 30y term.
For those that are willing or able to stay the full 30y, the nominal mortgage payment will be the same, while the value of the dollar will not — inflation will work in your favor.
The tax laws have also been recently doubled to ~24k for couples, and most home purchasers will not be running into the mortgage interest deduction judging by the median home value in the US.
For those that are willing or able to stay the full 30y, the nominal mortgage payment will be the same, while the value of the dollar will not — inflation will work in your favor.
The tax laws have also been recently doubled to ~24k for couples, and most home purchasers will not be running into the mortgage interest deduction judging by the median home value in the US.