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by machiaweliczny
30 days ago
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The thing with home is that it's leveraged investment for normal people. You can pay 10% of value and resell later. Buying home for cash is less optimal but for credit it makes sense usually due to leverage and little downside risk. Plus usually every now and then you get money printing and you 2x your leveraged money or more rarely get hyperinflation and home for free. This was mostly issue of too low interest rates but that's how I see it from the past 10 years (non US resident) |
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