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Assuming you took out a mortgage, you are financing consumption by leveraging up. It's no different than buying a pack of beer on the pay-day-loan money. Not a
by DenisM 17y ago
Assuming you took out a mortgage, you are financing consumption by leveraging up. It's no different than buying a pack of beer on the pay-day-loan money. Not a financially smart move (unless your loan interest rates is below the long-term treasury rates).
- njharman 17y agohouse != pack of beer tax deductions, appreciation, equity, income(it's a duplex and I rent 1/2), plus all sorts of small things such as reduced auto insurance as it's rolled into home owners insurance