Owning Your Home Is a Wage Slave Trap! https://youtube.com/watch?v=XTk8pSpE7Dc&si=96f6hzgffOZUm4yN
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@sardonicsmile Flipping houses is just trading with leverage. If your down payment is 20%, then your mortgage is 5x leverage.
Owning Your Home Is a Wage Slave Trap! https://youtube.com/watch?v=XTk8pSpE7Dc&si=96f6hzgffOZUm4yN
@sardonicsmile Flipping houses is just trading with leverage. If your down payment is 20%, then your mortgage is 5x leverage.
@Mongoliaboo I see. I did not know hownthey calculated thus.
Seems like a Neverending trap if you want to expand. Now youbare simply managing the debt. With increasing taxes and expenses, repairs and legal problems. Not to mention rent moratoriums...