Zuck pays $0 to live in his $6M house.
How?
Thread 🧵 ⬇️
Facebook CEO Mark Zuckerberg is worth almost $110 billion and the house he lives in is worth $7M and he pays nothing to live in it.
Zuckerberg finances his home with 30 year adjustable rate loan starting at 1.05% & since this is lower than the inflation, he’s literally borrowing for free.
Also he can invest the money he would have otherwise spent on the home and get a higher rate of return than the rate of borrowing.
If he ever sold the house, he would get his principal back, and the amount he spent is literally zero.
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