00:00you think you're entitled to spend money you do not have yes that's what a mortgage is
00:03you're in debt to the bank for whatever percentage and then after 30 years a mortgage is an appreciating
00:08asset a flight does not you piece of stop trying to come up with an example that is not working
00:14speculate on your housing sure but there are many people who bought houses most recently in the
00:18market cratered now they're negative 120 you buy a house for a one-year outlook buddy you don't
00:24know the first thing you're talking about probably shouldn't have built one sometimes you're forced
00:27into selling because if you're laid off that one of these corporations which is why you follow the
00:31housing method that i advocate for only 20 percent down wait why would that work because you already
00:36have an equity position never touch a house you don't even know what 20 down means but you lost
00:41the money don't even walk towards a house i would have kept the 20 000 granted i would have spent it
00:45but i would have uh not happened to give it to the bank
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