Milks Empire wrote:Communist Mindrili wrote:No it's not. You do not borrow to invest. You save to invest. It's called Keynesian idiocy.
Explain buying the house that you're gonna live in for presumably the next 50-odd years. Who among the American people who isn't a celebrity didn't have to borrow to make that investment?
A house is not an asset or an investment until you own it (ie it is fully paid off). Until that point, it is a liability.