Comment by arrosenberg
5 days ago
They definitely shouldn't. It's absurd to suggest that because a middle-class homebuyer can get a margin loan through iBroker means that we should let the richest people in history dodge taxes in this way. If no one would actually do that, then it really doesn't matter that they technically can. The obvious solution is to take away the privilege from the wealthy and make them abide the same rules as the rest of us.
> They definitely shouldn't.
Never give absolute financial advice to anyone who's situation you don't fully understand.
Nah, I’m pretty comfortable that 99.99999% of people should not take a margin loan to buy a house. Close enough for me.
A fair number of people do use margin for down payments until they can sell assets to cover the margin.
It's not uncommon when people buy deals while traveling or in hot markets.
See also Mr Money Mustache's articles on this topic. He assuredly is not Bezosesque.
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