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by samspenc
1939 days ago
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FOMO? Leverage? I have a couple of anecdotal stories I know personally: a friend of a friend working in a jewelry store recently purchased a Manhattan condo as an investment that brings in around $3,000 in monthly rent. A few years ago I was visiting Vancouver and living in an AirBnB (private room in a house) when prices were dropping, and the owner (a school teacher) was crying about how over-leveraged she was with her million-dollar-plus house, and how she was trying to get sell it, even at a loss. |
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