Alex and justbought, IF you can truly afford your home and losing $200k is a non event for you, then it’s not a very big risk for you. Risk is very different from person to person. Someone who stretch to afford that same home and losing $200k would drive them into bankruptcy, then it’s a huge risk. While someone with millions and losing $200k is just another day for the, this risk is minimum relative to their circumstances. Also, everything in life has some kind of risk associated with it, so I agree that it would never happen if you’re waiting for no risk time. But we all want to minimize risk as much as possible. Financial risk for a minimum wage worker vs a CEO is very different.
