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A picture is worth 1,000 words. (actually just 136)



There seems much angst and concern from Government regulators over a first time buyer with less than 20% down taking longer than 25 years to pay off on appreciating (or at least historically stable) asset.

Also an occasional cry for ‘higher rates’ from the odd pundit as a way to bring debt levels down.

While there has been a drop in Mortgage rates, there has been no relative corresponding drop in consumer debt interest rates. Nor is there much room for consumer debt rates to rise without running afoul of usury laws.

I leave you to ponder this question: How is debt financing depreciating assets (like particle board furniture) or fleeting experiences such as a dinner out, a vacation, or a simple latte over a 235 year time period not a larger topic?