billionaire media tycoon and mayor of san francisco. vp @foundersfund. ringleader @hereticon. editor-in-chief @piratewires 
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lol. I took out a massive 7 figure 2.875% fixed JUMBO mortgage that I could have paid cash for, because the interest rate was so low relative to inflation it made way more sense to borrow as much as I could because it'll be cheaper by the year. Inflation ain't hurting me, lady
i don’t know if anyone has written about this, but it is an important part of the story imo
I agree. I mean I was in a financial position to take advantage of it, but most of my family back home in rural NC aren't. And it's absolutely crushing to them. Me? Not so much. My mortgage gets cheaper by the month.
Irony: @micsolana, you have to be part of the wealthy asset owning class to even consider such a stupid argument. You have to be far removed from the plight of the lower classes that you think this would resonate with anyone but the people you meet at Manhattan cocktail parties.
Same. Mine was 2.31%.
2.31% Jumbo? Holy shit I got screwed ;-)
She doesn’t understand that a leveraged buyout PE fund that loads up on debt is going to be the biggest beneficiary here
We could stop at the "she doesn't understand" part. Basically anything that follows those three words would be true.
Same. We're taking out a line of credit against our assets so we can make a "cash" offer on a house before rolling it over into a giant mortgage. Things are super-good ... except that our purchasing power is going down. I'm angry out about that
What’s the point of cash offer > roll into mortgage?
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