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by hinkley
2619 days ago
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If you own your house outright, you can put it up as collateral on a loan. As long as your luck holds you can make money off of that asset without selling it. (However houses, as assets, leak a lot of worth in the form of upkeep and property taxes. Most times it’s better than rent, but not in all scenarios. And getting a cheaper house and investing the rest often gets better returns, once all costs and inflation are accounted for.) |
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