The safety here is within a context where housing is an incremental and relatively uncorrelated expenditure compared to the rest of your assets. It's one thing

The safety here is within a context where housing is an incremental and relatively uncorrelated expenditure compared to the rest of your assets. It's one thing to lever to 1.2x your net worth with a highly diversified portfolio, versus using a specific kind of bet to lever 2x, 4x, + to maximize returns. In a low interest rate but potentially high inflation environment, modest leverage is probably more responsible then underlevering by holding a lot of cash-like assets.