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It's a bit depressing, and a damning indictment of the system, that most people's only hope for a comfortable retirement is basically a massively leveraged bet
by hanoz 9y ago
It's a bit depressing, and a damning indictment of the system, that most people's only hope for a comfortable retirement is basically a massively leveraged bet on the housing market.
- cylinder 9y agoStocks are leveraged too. Our entire economy runs on credit.
- toomuchtodo 9y ago> Stocks are leveraged too. Half-true. You only need 3-25% down to purchase a home. No one is going to extend you credit at that leverage for equities, bonds, etc (you could trade futures and options, or even 3x/4x ETFs, but that's pretty exotic for your typical investor).
- bsvalley 9y agoThe question is, what's better than that today? Nothing but way more risky stuff.