RehRomano to Canada · 7 months 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-square90fedilinkarrow-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 · 7 months agomessage-square90fedilinkcross-posted to: [email protected]
minus-squarerablinkfedilinkarrow-up2arrow-down1·7 months agoYeah you can, you can leverage your equity to buy basically anything. Another house for instance…
minus-squareAux@lemmy.worldlinkfedilinkarrow-up1arrow-down2·7 months agoIf you leverage your equity to buy bread, you’ll be homeless very soon.
minus-squareAux@lemmy.worldlinkfedilinkarrow-up1arrow-down3·7 months agoIt doesn’t increase out of thin air.
minus-squareAux@lemmy.worldlinkfedilinkarrow-up1arrow-down1·7 months 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.