“only possible area of interest to me would be inflation so great that it inflated one’s wages far beyond whatever future earnings value you expected compared to mtg payments, but even given a gross devaluation of the dollar, hard to see wages inflating that fast.”
I sorta doubt that the late 70’s will repeat. Our grandparents and great-grandparents were correct in their skepticism towards debt.
I agree with you. I mean, home debt is the best debt to have, but still, you don’t throw a party when you GET the mortgage, you throw it when you pay it off!
A wizened old man who had lived through the Great Depression told me, "Don't underestimate the importance of owning your home. In tough times, you want to own a roof."