this post was submitted on 23 Dec 2025
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If this worked, why didn't more banks just burn down?
Because for most people, most of the time, mortgages are a good deal
This was true once, but not for a long time now. And that's generally true across the board, at least in US, Canada, and most of Europe.
Idk, I got mine at 2.85%. Seems like a pretty good deal to me. Less than the rate of inflation, so the bank is essentially paying me to own a house
doubt
Proof: people keep getting mortgages
Counterpoint: The alternative is rent trap or homelessness
Jerking off a homeless dude for free is a good deal when he has a gun in your neck.
What's your point? We are always making choices between alternatives that are more or less appealing. I am drinking mediocre gas station coffee right now. The alternative is no coffee. Drinking the coffee is a good deal for me, because for me right now, mediocre coffee is better than no coffee.
An even better deal is having a house and no mortgage
Sure, but you likely don't have the cash to put down on a house you like. This is a pretty normal scenario if we look at human history. As soon as we invented cities, land in and around cities was expensive. It could take a lifetime to save up enough to buy a house. Hence a mortgage - the bank (which is mostly just the savings of other people around you) gives you the money right now to buy a house. Then you get to live in the house while you "save up" for it.
I think you misunderstand.
We need the bank to get the mortgage.
Then we burn down the bank and don't have to pay the mortgage
Profit.
Hahahahaha
What a literally insane take