this post was submitted on 22 Apr 2024
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Something I always felt was missing from this argument is the leveraged amount of the mortgage. In the stocks my $100k might make 10% annually, but with a house I’ve used that $100k as a downpayment on a $1M home and I’m making the 10% (minus say 3% borrowing cost) return on a much higher number than the physical money I had.
Not to mention in the states how mortgage interest is tax deductible? I’m not American, that seems like a crazy advantage to homeowners.