Easily worth it for me. Margin is probably a better deal and should be taken advantage of first. But the idea of being so attached to a particular house that you’d give up a chance to be significantly wealthier just to avoid the risk of foreclosure sounds nuts to me.
The market may go down for 10 years but you’re not gonna stay unemployed for 10 years. If you lose your job in a developed country for reasons that are correlated with the market (i.e. not quitting or misconduct) you get unemployment, which is more than enough to live on.
Easily worth it for me. Margin is probably a better deal and should be taken advantage of first. But the idea of being so attached to a particular house that you’d give up a chance to be significantly wealthier just to avoid the risk of foreclosure sounds nuts to me.
The market may go down for 10 years but you’re not gonna stay unemployed for 10 years. If you lose your job in a developed country for reasons that are correlated with the market (i.e. not quitting or misconduct) you get unemployment, which is more than enough to live on.