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Mortgage Finance Asireland Co Form

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Mark Zuckerberg despite his immense wealth took out a $6 million mortgage to buy his home in California Beyonce and Jay-Z They financed their $88 million house with a $52 million mortgage Elon Musk took out a $50 million loan against his five properties in California so if debt is so bad why are these multi-millionaires who have the money to pay for things outright taking on more and more of it for many of us dead is seen as a burden but for the rich the same concept is referred to as leverage and this distinction is not just semantic it represents two enti highly different ways of thinking about and using borrowed money for the majority of people debt comes in the form of Consumer loans used for purchases that don't make any money like a new TV or a holiday whereas on the other side the rich often use leverage to make more money and a mortgage is amongst some of the cheapest debt you can get and so these multi-millionaires use borrowed money to buy their homes which means they

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