A friend and I were interested in the idea that buying a house is relatively risk free, because if you can't make the payments or don't want to make the payments, you just go bankrupt (we're both single and have no family, responsibilities etc). So you are allowed the bank's money to invest in something with a potentially big upside, and if it doesn't work out you only have to deal with the consequences of bankruptcy.
I have made many assumptions and may have A LOT wrong here, please let me know what you guys think.
Submitted December 10, 2017 at 05:53AM by makeshiftusername http://ift.tt/2AoTCNP