|
10-07-2023, 08:02 PM
|
|
Sage
|
Join Date: Aug 2009
Location: NJ, NM, SC, PA, DC, MD, VA, NY, CA, ID and finally FL.
Posts: 7,892
Thanks: 14,362
Thanked 5,116 Times in 1,960 Posts
|
|
"In fact, although he was already very wealthy, Buffett himself used a 30-year mortgage in 1971 to finance the $150,000 purchase of a vacation home because he thought he could do better with the money than the interest he was paying for the house. (Note: Mortgage rates were in the 7.3% to 7.7% range in 1971)."
From: Here's Why Warren Buffett Thinks Using a Mortgage Is a Smart Move
__________________
"No one is more hated than he who speaks the truth." Plato
“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
|
|
The Following User Says Thank You to manaboutown For This Useful Post:
|
|
|