Hey Chris, as always, great commentary from you…On another thread, a poster argued that leverage can be used to your advantage to make money, and he gave some examples how he made money in RE using leverage. However, as you noted, people with money don’t use leverage. Look at Warren Buffett. He uses cash to buy billions of dollars worth of shares in the companies.
Anyway, great common sense advice. If you can’t buy it with 20% down, 15 yr or 30 yr fixed, at 30% DTI, you can’t really afford it.
