this post was submitted on 27 Nov 2024
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Mortgage nation. The 'wealth effect' that drives big bank's super profits (michaelwest.com.au)
submitted 7 months ago by maniacalmanicmania@aussie.zone to c/ausfinance@aussie.zone
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[–] DavidDoesLemmy@aussie.zone 1 points 7 months ago

It's not pure gravy. There's an opportunity cost in having that money tied up in a house. Plus there are other obligations on a landlord beyond mortgage payments.