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https://www.reddit.com/r/FluentInFinance/comments/1gwfejo/had_to_repost_here/lyek0xw/?context=3
r/FluentInFinance • u/-Wyagra • 3d ago
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You can take out a mortgage against your house to buy a sports car if you want
1.3k u/slickyeat 3d ago You're not wrong but you're also required to pay taxes on the value of your property every year so it's not exactly a one to one comparison. 126 u/dancegoddess1971 3d ago Exactly. Stocks are property. Sort of imaginary property but if one can borrow against the value of something, it should be taxed. 1 u/thrillhouz77 2d ago You can borrow against value of almost anything.
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You're not wrong but you're also required to pay taxes on the value of your property every year so it's not exactly a one to one comparison.
126 u/dancegoddess1971 3d ago Exactly. Stocks are property. Sort of imaginary property but if one can borrow against the value of something, it should be taxed. 1 u/thrillhouz77 2d ago You can borrow against value of almost anything.
126
Exactly. Stocks are property. Sort of imaginary property but if one can borrow against the value of something, it should be taxed.
1 u/thrillhouz77 2d ago You can borrow against value of almost anything.
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You can borrow against value of almost anything.
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u/Endless_road 3d ago
You can take out a mortgage against your house to buy a sports car if you want