re: #114 KingKenrod

If a household could borrow 30 year money @ less than 3% and knew future income would grow faster than that, then running up the credit card would be a no brainer as long as you spend the borrowed money on essentials or investments (like infrastructure) with a good rate of return…

It only works if the house increases in value and greedy people don’t use the same money over and over and then make your monthly repayments the basis for the world economy.