In that case, could you explain your apparently sarcastic response to me:
In 1929, every Tom, Dick and Harry was buying hyper-priced stocks on margin and with ......interest only loans.........Polybius
Yeah, margin loans are interest only. Duh.........Toddsterpatriot
As I understand it, in the 1920's, besides using margin accounts, people were also borrowing money with interest-only loans secured by their own real property, not securities, in order to get even more cash to feed their stock market speculation.
How is that the same as having a margin account with their broker to the point that it deserves a "Duh"?
It's not the same. You should have said, "In 1929, every Tom, Dick and Harry was buying hyper-priced stocks on margin and paid for them with interest only loans on their houses".
You ever buy a stock on margin and get a payment book? Monthly payment coupons to mail in? Amortized over how many years? Fixed rate?