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> It’s turtles. JPMorgan is publicly traded. The renter can just buy as many shares of it as he wants and pretend it’s his home equity. Try asking your brokera
by ramesh31 4y ago
> It’s turtles. JPMorgan is publicly traded. The renter can just buy as many shares of it as he wants and pretend it’s his home equity.
Try asking your brokerage for $400,000 of margin at 5% on a $20,000 account and see what they say.
There's no financial instrument even remotely close to what a 30 year mortgage is for the average individual.
- naveen99 4y agoI believe you can get higher leverage on treasury bonds at your broker. My 1 year treasury bonds use less than 2% margin.
- roflyear 4y agoWhat's the rate? You're not getting free money.
- naveen99 4y agoIt’s 1% above what you make on the treasury. Less than mortgage rates for sure, and if interest rates drop it might become free money, of course if interest rates go up you are swimming naked.
- roflyear 4y agoI suppose, but can't really beat 2.5% on a house (remember, if you're living there, you're not paying rent.. hopefully!)