Yes, but financially illiterate people also do not realize that a mortgage at 3-5% is good debt, you can very easily make more on that using the money elsewhere. Scenario #1 -> Man quickly pays off his mortgage in 10 years by saving every penny and putting it into early payments on his mortgage. He has peace of mind that he has no mortgage payment. Scenario #2 -> Man leaves his mortgage as large as possible for as long as possible, and still saves every penny, but instead invests it in something else like his own business, stocks, crypto, more real estate, etc. Both men have the same income for 25 years. Which man will be further ahead? The math is clear that scenario #2 will provide that man with EXPONENTIALLY more success. The risk with scenario #2 is that simultaneously asset prices crash at the same time as mortgage rates skyrocket could leave the holder unable to service his debt could result in him losing everything, even if the prices return to normal in the next few years. If however, you are in a financial position that you are able to wait out a price crash, OR if you secure FIXED rate debt, you will be fine and still be much better off (if historical metrics for the last 100 years hold true for the future)