this post was submitted on 22 Apr 2024
120 points (77.0% liked)
Political Memes
5434 readers
3268 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Something I always felt was missing from this argument is the leveraged amount of the mortgage. In the stocks my $100k might make 10% annually, but with a house I’ve used that $100k as a downpayment on a $1M home and I’m making the 10% (minus say 3% borrowing cost) return on a much higher number than the physical money I had.
Not to mention in the states how mortgage interest is tax deductible? I’m not American, that seems like a crazy advantage to homeowners.