4 ms·
It's bizarre to talk with someone who views a house as a good "investment" and who doesn't see the danger of 4:1 leverage that a "standard" mortgage involves.
by apo 7y ago
It's bizarre to talk with someone who views a house as a good "investment" and who doesn't see the danger of 4:1 leverage that a "standard" mortgage involves.
These are the kinds of people who get wiped out in real estate declines.
- b_tterc_p 7y agoThis is really important. I’ve reached income stability to purchase a home, but a recession seems looming, and even the market seems like it’d be ok during a recession near me, I feel it’s far too risky. People can’t handle large numbers well. When everything is hundreds of thousands of dollars more than you’re used to thinking about, judgments lose their rationality. People get exposed to all kinds of risk and they don’t realize it.