The point of debt is that when the real estate market drops, you declare bankrupcy and let the lender eat most of the loss. Donald Trump has done this like 5 ti

The point of debt is that when the real estate market drops, you declare bankrupcy and let the lender eat most of the loss. Donald Trump has done this like 5 times. If you own outright, you eat the entire loss yourself. Basically -- debt increases upside and reduces downside risk. And inflation helps you pay it off. No wonder we're addicted?