13. He Who Has The Gold Makes The Rules
Let's talk real estate...
When you can’t get access to the equity in your property, that’s a problem.
When you’re increasing the margin of safety for the lender (the bank) and by proxy, dollar for dollar decreasing your margin of safety, that’s a problem.
When you are permanently transferring money away every single month in the form of mortgage payment and you can’t earn interest or save that payment again, that’s a problem.
Whoever has the gold makes the rules.
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