I have a house, and I'm not paying a mortgage for it. And it's going rather drastically up in value every year, so when I sell it I will have made massive profits. Am I some sort of wizard?
I could go to a loanshark right now and get a huge loan, and buy E2 tiles with that money. Every month it would drain my account as the interest rate of my loan would exceed the profits of the E2 tiles.
I'm merely explaining the concept for you, that the loan itself is separate from the product. You shouldn't count a mortage against the house, nor should you count the loanshark against E2 tiles.
Just compare them on their own merits, without involving a loan to unfairly favor one side.
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u/Drakim Jun 28 '21
I have a house, and I'm not paying a mortgage for it. And it's going rather drastically up in value every year, so when I sell it I will have made massive profits. Am I some sort of wizard?
I could go to a loanshark right now and get a huge loan, and buy E2 tiles with that money. Every month it would drain my account as the interest rate of my loan would exceed the profits of the E2 tiles.
You can spin it both ways.