Pretty much everyone I know who has money, in fact has used leverage in one form or another to get there.
Watch the confirmation bias, SD. Btw, care to tell us how to use leverage to make a fortune in San Diego real-estate. In the current market?
I’m sure for everyone one of them there are a dozen (or more) bankrupt speculators. Or, at the very least, will soon be.
Yes, leverage works great on the upside. It works just as great when running in reverse, as millions of Americans are going to discover to their horror during the coming Great Unwinding.
But yes, you are right. Leverage is good when judiciously applied. I’m leveraged (a wee bit) on the short side of the collapsing housing bubble.
