You’re not allowing for leverage, inflation and incredibly low interest rates.
In real terms cash is losing significant money every year while assets are gaining money. Debt makes sense as long as you have a margin of safety and can multiply the impact with leverage.
IF you believe inflation will be significant over 30 years say, and can lock in a low rate, it is better to go with a longer term.
In real terms cash is losing significant money every year while assets are gaining money. Debt makes sense as long as you have a margin of safety and can multiply the impact with leverage.
IF you believe inflation will be significant over 30 years say, and can lock in a low rate, it is better to go with a longer term.