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A comment on Why has regional income convergence in the U.S. declined? Housing costs. Parent comment

Re:Why has regional income convergence in the U.S. declined?... by aianus on Wednesday July 26, 2017 @01:53PM (#14858449)
> I can't borrow hundreds of thousands of dollars at < 5% interest invest in the stock market

Of course you can [0], and it's even cheaper than mortgage interest (because it's much easier to margin call a stock a portfolio than a house!).

[0] https://www.interactivebrokers.com/en/index.php?f=1595

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Re:Why has regional income convergence in the U.S. declined?... by sokoloff on Wednesday July 26, 2017 @02:00PM (#14858512)
He can only do that if he has 6-figures of net equity in his IB account.
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Re:Why has regional income convergence in the U.S. declined?... by jandrese on Wednesday July 26, 2017 @02:09PM (#14858613)
It's easy to make money if you are already rich. The parent post is an excellent example of that. If all of those poor plebes who bought homes in the 70s had instead inherited their home and invested millions of their own dollars in the stock market just like those smart rich people they would be way better off today.
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