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A comment on $2T in Proceeds of Corruption Removed from China and Taken to US, AUS, CAN, NL. Parent comment

Re:$2T in Proceeds of Corruption Removed from China and Take... by conanbatt on Monday January 02, 2017 @07:04AM (#13300667)
You think 90% of the mortgage is equity??

It would take you a decade for the equity you earn to match the interests you pay. (http://www.mortgagecalculator.org/ to fool around).

Theres property that rented out produces 2% income. If you can make more than 2% a year, then renters will be richer and compundingly so if they rent over buy.

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Re:$2T in Proceeds of Corruption Removed from China and Take... by forgetsusername on Monday January 02, 2017 @08:25AM (#13301008)
>Theres property that rented out produces 2% income.

Exactly right. Most people here have probably seen nothing but rising house prices their adult life. Even with a massive bust, people still believe it. In reality, real returns to real estate are barely above inflation.

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