RehRomano@lemmy.ca to Canada@lemmy.ca · 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-square90fedilinkarrow-up1218arrow-down151cross-posted to: hackernews@derp.foo
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@lemmy.ca to Canada@lemmy.ca · 1 year agomessage-square90fedilinkcross-posted to: hackernews@derp.foo
minus-squarerab@lemmy.calinkfedilinkarrow-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-squarerab@lemmy.calinkfedilinkarrow-up2arrow-down1·1 year agoNot if your equity is always increasing
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.