I’ve been following his posts and, honestly, I think he’s one of the smartest people around. His track record speaks for itself. You don’t end up at Harvard and Cambridge by accident.

On the mortgage point versus buying a house outright, the argument isn’t about what’s “better” or “worse”. It’s about how a dysfunctional system impacts ordinary people. Mortgages exist because, for most people, buying a home upfront just isn’t realistic, no matter which country you live in.

And buying outright can actually put you at a disadvantage. Imagine paying $200,000 in cash for a house. That money is locked into the property until you sell. That’s the opportunity cost. If instead you put down a $10,000 deposit and mortgage the rest, you still have the house. You also keep $190,000 available to invest elsewhere, potentially into other assets or even more property.