NAR Propaganda

``You'd think it would be responsible for them to explain the downside risks of leverage while they're at it. The leverage argument relies on the real estate myth that "prices never go down... The truth of the matter is that leverage is very dangerous. It magnifies returns, to the upside AND downside. To use their analogy, if you'd put that $20,000 in the stock market and watched it decline 20%, you'd still have $16,000. With the house, your $20,000 is wiped out entirely AND you owe an additional $20,000 on a mortgage over and above the continuing value of the home. Essentially, you've lost $40,000.''