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-square16fedilinkarrow-up11arrow-down10
arrow-up11arrow-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-square16fedilink
minus-squareAux@lemmy.worldlinkfedilinkarrow-up0arrow-down1·1 year agoIf you leverage your equity to buy bread, you’ll be homeless very soon.
minus-squareAux@lemmy.worldlinkfedilinkarrow-up0arrow-down1·1 year agoIt doesn’t increase out of thin air.
minus-squareAux@lemmy.worldlinkfedilinkarrow-up0arrow-down1·1 year agoYou’re confusing house price with equity.
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.