Replying to Avatar Vitor Pamplona

That's the problem. It ONLY doubled. The S&P gained 2.7x without reapplying the dividends. And I am willing to bet it gave you more headaches than what a line in your Fidelity Account would do.
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Earnest Holden 1y ago

Most people aren’t 5x leveraged on their S&P holdings though (which is what a typical mortgage does to your equity check).

You have to calculate returns to equity (not just headline home appreciation).

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Vitor Pamplona 1y ago

Good point. Why can't we get a mortgage on a massive S&P purchase?

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frphank 1y ago

You can use shares as collateral but it's riskier.

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zhenya 1y ago

Riskier indeed because you are marked to market and no eviction is required

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frphank 1y ago

Dollars.only obviously.