>>16468834
>buy a $500,000 house with an interest only bank loan
>10 years later the house is worth twice as much
>the $500,000 is worth half as much
>the money you paid in interest costed you nothing because it was deducted from your income taxes
>you now own a million dollar house and owe $500,000 on the loan
>you get $500,000 for free
compare that to renting
>you rented for 10 years at $2500/month
>you paid out a total of $300,000
>you paid out that sum out of after-tax income
>so you had to have earned about $500,000 to pay the $300,000
>you're out $500,000 and have nothing to show for it
a total swing in wealth of a million dollars over the course of a decade
and thats why the low IQ slob in OP is poor.
astronomers are notoriously bad at math, this incident only confirms that even further

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UCLA professor being put on immediate leave because he is homeless