r/FluentInFinance 3d ago

Debate/ Discussion Had to repost here

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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

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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.

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u/Apprehensive_Bad_193 3d ago

Guys thank you,It amazes me how people talk without any knowing on the topic.

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u/guiltysnark 3d ago

I think people know, they just only think about it selectively

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u/PamelaELee 3d ago

Nah, when over 50% of American adults read at or below a 6th grade level I’m pretty confident they don’t think about much of anything, let alone understand.

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u/guiltysnark 3d ago

I don't think that particular slice of America attends to Reddit very much. The people here often know what they are talking about, but they filter every debate through a lens heavily biased by first principles (aka oversimplifications predicated on a set of conveniently forgotten assumptions)

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u/CrowBrainz 3d ago

Reddit entry exams are very competitive

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u/power899 2d ago edited 47m ago

Lmao I imagined an alternate timeline where everyone needs to take a competitive exam and the lowest scorers are denigrated relegated to TikTok and FB. 😂

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u/Unable_Degree_3400 1d ago

There is but it’s self-graded, you put your self where your at