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bang57

2,593 Posts.

29

06/06/21

21:17

Post #: 53680548
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Originally posted by TaylorSwift: ↑

" if the value drops 50%, a 5 million dollar property drops to 2.5 your still at the same point in relation to your wealth position because every property will drop the same amount so only the number has changed."

double yoo tee eff

your scenario assumes no mortgage. Assaume 80% LVR

guy starts with net position of +$1m and ends up -$1.5m. would go feral

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thats right,
the only loser is the one carrying the debt, when the music stops they lose the house.

it's like a Ponzi scheme the biggest loser is the guy that enters last.
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