Just after the end of the Carter housing boom, Jimmy Napier wrote a best selling book he titled "Invest in Debt". His timing was perfect. In most areas of the country, interest earned on money loaned exceeded by far the profit earned on equity appreciation. It's pretty easy to figure out why: Suppose you bought a house financed at 8%. Every $100,000 of loan would earn $8000 per year. http://bit.ly/93MlaV
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