Quote:
Originally Posted by dewilson58
Sad if a retired person purchases in TV and has a mortgage.
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You shouldn't paint with such a broad brush. Everyones situation is different.
We bought about 18 months ago when the rate was 3.5%. Our investments make more than that, so we decided to finance and leave our cash invested.
That said, some people may be able to afford a mortgage payment and not have enough liquid money to pay cash. There's no real right or wrong way to do it. If people can do this and find their happy place, good for them.
Interest rates do factor in on sales, in my opinion.