The American dream is all about owning property. What if you could put 3% down on a $1m purchase of a diversified index fund, and live wherever you want? A first time home buyer’s mortgage is essentially this, without the diversification. It would lead to less suburbanization for the sake of home ownership and more investment in the economy that everyone would benefit from.
The American dream is all about owning property. What if you could put 3% down on a $1m purchase of a diversified index fund, and live wherever you want? A first time home buyer’s mortgage is essentially this, without the diversification. It would lead to less suburbanization for the sake of home ownership and more investment in the economy that everyone would benefit from.