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A landlord who doesn't use leverage is in the wrong asset class. Even if they'd somehow paid off the property before, anyone who didn't pull out cash when rates
by presidentender 3y ago
A landlord who doesn't use leverage is in the wrong asset class. Even if they'd somehow paid off the property before, anyone who didn't pull out cash when rates were below 5% and invest it elsewhere is a fool.
- postalrat 3y agoThis explains why they own many mortgage free houses and you do not.
- presidentender 3y agoTrivially, yes: I invest with borrowed funds, while the hypothetical free-and-clear landlords in the previous example have paid back their loans.