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Keep in mind though that by entering into a 20% down mortgage you are effectively levered up 5x against your local real estate market. So it’s not like you’re t
by quadragenarian 2mo ago
Keep in mind though that by entering into a 20% down mortgage you are effectively levered up 5x against your local real estate market. So it’s not like you’re totally reducing your risk. Luckily for homeowners, home prices only go up since the GFC so this leverage seems like a good position to be in.