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3. Leverage. Buying a house is the only way normal people can invest a huge amount of money on margin. That's a reason against it, not in favour. Would yo
by cturner 17y ago
3. Leverage. Buying a house is the only way normal
people can invest a huge amount of money on margin.
That's a reason against it, not in favour.
Would you borrow 300k so as to invest in a fixed term bond on residential real estate with hefty exit penalties?
The cult of home ownership puts a respectable shine on brazen gambling practices. :)