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<blockquote data-quote="Faceplanted" data-source="post: 4062157" data-attributes="member: 56697"><p>All debt is not equal. If I own a house worth 1 million, and still have a mortgage of 250k, that’s not debt. There is equity involved. Even if the housing market “crashes” and drops 50% in one year which is unheard of, you still can “cash out” and walk away with 250k. </p><p></p><p>Banks give you home equity loans based on this concept because it’s “secured”. They use a ratio that even if the market crashes, you should still be in the positive.</p><p></p><p>You need to leverage your money to make it. Real estate is one of the only ways a normie who doesn’t want to open a business can make it, especially when owning multiple properties as you can sell and not have to worry about buying another homestead at inflated rates when the market is booming. Straight profit.</p></blockquote><p></p>
[QUOTE="Faceplanted, post: 4062157, member: 56697"] All debt is not equal. If I own a house worth 1 million, and still have a mortgage of 250k, that’s not debt. There is equity involved. Even if the housing market “crashes” and drops 50% in one year which is unheard of, you still can “cash out” and walk away with 250k. Banks give you home equity loans based on this concept because it’s “secured”. They use a ratio that even if the market crashes, you should still be in the positive. You need to leverage your money to make it. Real estate is one of the only ways a normie who doesn’t want to open a business can make it, especially when owning multiple properties as you can sell and not have to worry about buying another homestead at inflated rates when the market is booming. Straight profit. [/QUOTE]
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