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* For example, no one rich would "leverage their home equity to finance purchases."* Is this because rich people don't borrow, or have the found a source of in
by byrneseyeview 18y ago
* For example, no one rich would "leverage their home equity to finance purchases."*
Is this because rich people don't borrow, or have the found a source of income even lower than a subsidized loan with tax advantages? If someone's home is a small fraction of his net worth, taking a mortgage and using it to invest in a business would probably be a sensible arbitrage.