Re:Investors bought a record share of U.S. homes in 2021
by dasil003 on Thursday February 17, 2022 @12:20PM
(#30375819)
How are you quantifying this? I've spent most of my life very middle class and I always had to pay rent, but I only rarely had to borrow money.
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Re:Investors bought a record share of U.S. homes in 2021
by djbusby on Thursday February 17, 2022 @12:28PM
(#30375952)
Rent is a payment to borrow property. Property = Capital.
Re:Investors bought a record share of U.S. homes in 2021
by pydry on Thursday February 17, 2022 @12:40PM
(#30376106)
My parents were similarly middle class. They bought an enormous asset on credit and spent ~4x its purchase value on interest payments. This was pretty normal back when interest rates were high.
Re:Investors bought a record share of U.S. homes in 2021
by nemothekid on Thursday February 17, 2022 @12:40PM
(#30376110)
Buying a house is usually done with a mortgage which is also borrowing money