SPDR S&P 500 (SPY)

[Neutral Man]

Auhh, Not Exactly... as one would actual get an "Interest Only" mortgage and have a payment of about $450, pocket $1950, and have a chance to walk away 5-10 years later with a 25% gain AND $250k in their savings account!?

Why in the world would one want to pay any principal when they lower their rent payment, sock away 23k a year, and make 25% on an asset that they "USED" for five to ten years, one might NOT be da-sharpest tool in da-shed choosing to pay principal since what's da-point!?

That said, this is suicidal in certain Housing Markets but Genius in others? Going net negative lends to one acheiving dat sinking feeling and dats not good, hence, this strategy is NOT to be deployed in California or any other ridiculously high, could fall off da-Planet, pricing markets!

Good day.