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by stakecounter
4257 days ago
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No. Nobody on here would take a loan on a house with "effective annual interest rates of more than 100 percent" as mentioned in the article. It's true that people spend much more on a house than if they bought it outright, but they do so at interest rates low enough to where it makes financial sense because the expected return from investing the rest in a low cost index fund beats out the loan interest. |
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