Jason Hartman
👤 PersonAppearances Over Time
Podcast Appearances
Yeah, we'll rehash it. Sure.
Yeah, we'll rehash it. Sure.
It's 1972. Yeah. We borrow just over $14,000 to buy the median price house for $18,000. Okay. Put 20% down. Yeah. We pay 7.37% interest when we sign the loan docs. In 1972, we take that all the way to the end of the loan. And we thought we were paying 7.37%. But after inflation, we were only paying just over 1%.
It's 1972. Yeah. We borrow just over $14,000 to buy the median price house for $18,000. Okay. Put 20% down. Yeah. We pay 7.37% interest when we sign the loan docs. In 1972, we take that all the way to the end of the loan. And we thought we were paying 7.37%. But after inflation, we were only paying just over 1%.
And after tax benefits, meaning the interest on the mortgage being deductible, we actually got paid to borrow money, just over 1%, getting paid negative interest rate. And we got a free house for 30 years.
And after tax benefits, meaning the interest on the mortgage being deductible, we actually got paid to borrow money, just over 1%, getting paid negative interest rate. And we got a free house for 30 years.
You're getting paid. It's not free. It's getting paid.
You're getting paid. It's not free. It's getting paid.
Well, there's so many other things, too.
Well, there's so many other things, too.
But that's the most hidden thing that people don't see.
But that's the most hidden thing that people don't see.
You're going to be better off than most people.
You're going to be better off than most people.
You multiply it. It's incredible.
You multiply it. It's incredible.
It's incredible.
It's incredible.
And listen, I love Bitcoin. I think, I hope Bitcoin takes over the world, but I'm not sure it will. It might go to zero. I mean, I own a bunch of them.
And listen, I love Bitcoin. I think, I hope Bitcoin takes over the world, but I'm not sure it will. It might go to zero. I mean, I own a bunch of them.