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"things like this will only worsen it because people will be foreclosing on large numbers of housing properties because they were used for investment" Thats on
by petermcneeley 8y ago
"things like this will only worsen it because people will be foreclosing on large numbers of housing properties because they were used for investment" Thats only the property was purchased with debt (mortgage). If these investments were not purchased with debt then there will be no foreclosing.
- docker_up 8y agoI would wager that most investment properties are bought with debt, ie. leverage. It makes more sense to purchase a property with a fraction of the cost and then use Airbnb to pay for the mortgage. Only extremely naive investors would be spending their cash to buy a property when they could instead get multiple properties using leverage/debt.
- inscionent 8y ago> Only extremely naive investors would be spending their cash to buy a property Smart investors use other people's money and hope for the bailout. Galaxy brain investors use other people's money and write the bailout.