That's only because the market value of our McMansions will double in value every four years forever! Right? Won't it???
"That's only because the market value of our McMansions will double in value every four years forever! Right? Won't it???
It might. It might not. I have no idea. My $20K house, bought in 1974, appreciated to $337k but over 35 years. That sounds like a lot, but it's sure as heck not doubling every four years, and I paid it off within six years of buying it, and never borrowed on it again.