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Buying small is the wrong financial decision in a rising real estate market. By taking a giant mortgage and buying more that you could otherwise afford you’re e
by cookingrobot 7y ago
Buying small is the wrong financial decision in a rising real estate market. By taking a giant mortgage and buying more that you could otherwise afford you’re essentially investing on margin. And interest rates are even lower than they seem if you take tax deductions into account. If you buy at the right time & place and property value increase a lot (which has been true in a lot of places the last decade), you get the gains. And as a bonus you get to live in a nicer house that whole time (unlike investing that money elsewhere).