A house is not an investment as long as a man has to pay for it twice.
A thirty year mortgage means a man buys the house once from the seller, and a second time from the bank.
Discussion
The bank buys it from the seller
And a house shouldn't be an investment at all - it's a depreciating asset
I agree that the proletariats are to poor to pay for the house they want in full and thus need financing. The issue is people want to buy things they cannot afford and end up assuming a debt just to later complain. This is not the case in Cuba or Venezuela or Nicaragua why? Cuz people cannot buy houses with their salaries nor they have the financing to allow them to do so neither.
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