Important for what? Your home is not and should no be an investment. Investments come with risks. Don't risk losing your means of shelter because you wanted to make money. Compounding gains with loans for real estate investment as a business does make leverage seem important. That is, until a scenario where real estate prices fall, you cannot acquire more property because you leverage based on property price, loans pay your expenses, and you lose your investments. Pay with cash and renters pay your expenses.
ghastmaster|6 years ago