7 Rules for Wealth: #5 The Mortgage Mistake
(Photo by Sandy Huffaker)
Corbis via Getty Images
Every personal finance commentator tells you to get out of credit-card debt. I’ll take this logic a step further by condemning mortgages.
Once upon a time, a mortgage was a ticket to prosperity. Someone who bought a suburban home in the 1960s on a 30-year mortgage enjoyed a bounteous growth in the home’s value while repaying the debt with inflated…
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