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Using a mortgage to buy property and borrowing money to buy stock ( or any other asset ) is EXACTLY the same. You are borrowing money to buy an asset. There's no difference at all.
Please show me where I can get a stock mortgage. Maybe a no down VA 30 year fixed! Ha! Ha!
Please show me where I can get a stock mortgage. Maybe a no down VA 30 year fixed! Ha! Ha!
An broker will lend you money on a brokerage account.
It's the lending of the money that causes the leverage and not the term of the loan. Perhaps that is why you do not understand the concept(?)
Also, note that I fixed all my posts so that they don't have an inordinate number of "carriage returns" in them. Do you need help with that concept also?
Anyway, still waiting on you to show me how leverage magnifies my losses. Or have you given up on that claim?
I already did, but you weren't up to understanding it.
Others have also basically restated my point of view and their arguments were also above your level of understanding. Why would I post anything else about it for you?
I already did, but you weren't up to understanding it.
Others have also basically restated my point of view and their arguments were also above your level of understanding. Why would I post anything else about it for you?
Because every attempt anyone has tried in this thread had been proven incorrect by me. Then you start changing the parameters to try to cover for your false statement.
Humor me and cut and paste any proof that has not been debunked by me.
This is the primary reason, and your pretty much paying mostly interest the first 7 years you own a house, people sell around the time they are finally making a dent in there mortgage amount. If it wasn't for appreciation (assuming there is any), buying is a lousy investment.
They do updates in between. Not as accurate, I expect, but they are the pros.
A mortgage is different than a stock loan in that you aren't forced to sell your house if it goes underwater. Keep making the payments, it's all good and you have a roof over your head.
Good point that a 30 yr loan is mostly interest in the 1st 7 yrs. Best advice is to get a 15 yr loan, especially if you expect to move and/or if it's an older house that will need repairs.
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