RehRomano to Canada · 1 year agoHomeowners Refuse to Accept the Awkward Truth: They’re Rich - Owners of the multi-million-dollar properties still see themselves as middle class, a warped self-image that has a big impact on rentersthewalrus.caexternal-linkmessage-square89fedilinkarrow-up1218arrow-down151cross-posted to: [email protected]
arrow-up1167arrow-down1external-linkHomeowners Refuse to Accept the Awkward Truth: They’re Rich - Owners of the multi-million-dollar properties still see themselves as middle class, a warped self-image that has a big impact on rentersthewalrus.caRehRomano to Canada · 1 year agomessage-square89fedilinkcross-posted to: [email protected]
minus-squarerablinkfedilinkarrow-up2arrow-down1·1 year agoYeah you can, you can leverage your equity to buy basically anything. Another house for instance…
minus-squareAux@lemmy.worldlinkfedilinkarrow-up1arrow-down2·1 year agoIf you leverage your equity to buy bread, you’ll be homeless very soon.
minus-squareAux@lemmy.worldlinkfedilinkarrow-up1arrow-down3·1 year agoIt doesn’t increase out of thin air.
minus-squareAux@lemmy.worldlinkfedilinkarrow-up1arrow-down1·1 year agoYou’re confusing house price with equity.
Yeah you can, you can leverage your equity to buy basically anything. Another house for instance…
If you leverage your equity to buy bread, you’ll be homeless very soon.
Not if your equity is always increasing
It doesn’t increase out of thin air.
In Canada it does lol
You’re confusing house price with equity.