RehRomano@lemmy.ca to Canada@lemmy.ca · 9 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-down151
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 · 9 months agomessage-square90fedilink
minus-squarerab@lemmy.calinkfedilinkarrow-up2arrow-down1·9 months agoYeah you can, you can leverage your equity to buy basically anything. Another house for instance…
minus-squareAux@lemmy.worldlinkfedilinkarrow-up1arrow-down2·9 months agoIf you leverage your equity to buy bread, you’ll be homeless very soon.
minus-squarerab@lemmy.calinkfedilinkarrow-up2arrow-down1·9 months agoNot if your equity is always increasing
minus-squareAux@lemmy.worldlinkfedilinkarrow-up1arrow-down3·9 months agoIt doesn’t increase out of thin air.
minus-squareAux@lemmy.worldlinkfedilinkarrow-up1arrow-down1·9 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.