James on Nostr: It is worth more. Homes are leveraged 5-30x depending on the down payment. You lock ...

It is worth more. Homes are leveraged 5-30x depending on the down payment. You lock in a low price and pay back later in the future with devalued dollars. Their house is literally worth more than they paid for it. Many times the appreciation is so fast with leveraged money it’s basically free money worth tens or hundreds of thousands in the immediate term.

Rents continue to go up and you have no equity. Making fun of homeowners for their decision is like making fun of people who go to college. All the data suggests people who own homes and go to college are significantly better off than their peers, on average.