Quote:
Originally Posted by Phanuthier
If the house at $1M depreciates to $0.8M, you think you and the bank split the difference and you own $400k and the bank owns $400k?
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Obviously not on a regular mortgage, but they have some schemes like that in the UK, where you buy half a place, and rent the other half interest. Then you have an option to buy the rest of it at the current market value. If you choose to sell, you only get half the proceeds.
http://www.rightmove.co.uk/first-tim...ownership.html
PS Yes, a mortgage is definitely debt. It might be good debt, but it's definitely debt.