Re:How housing became the world’s biggest asset class
by slumdev on Wednesday January 22, 2020 @01:02PM
(#22120157)
5x? Amateur.
I put 3% down when I bought my house. That's 30x leverage.
The difference is that my lender wouldn't call the note on my house if the value of the home dropped below the principal still owed. Not if they want to see the money, anyway.
I put 3% down when I bought my house. That's 30x leverage.
The difference is that my lender wouldn't call the note on my house if the value of the home dropped below the principal still owed. Not if they want to see the money, anyway.