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Reply to "Million Dollar Mortgages"
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[quote=Anonymous]A lot of smart people use mortgage as a leverage v taxes. It's just an easier way to keep your money. That said, a lot of people also have family money or made a ton of money from previous markets in real estate investments. I get that if you've never known a lot of income why you would be befuddled though. It's like all the games we play with our money from stock market to ITA and ROTH/401k investments. There's a lot of tricks of the trade designed to help keep your money and gamble with it outside the casino. It's hocus pocus :) But there are also fools who mortgage too much for sure. The only true thing is that the real estate market around here is too high. Life is too expensive these days :)[/quote]
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