Quote:
Originally Posted by MrChip72
Most people that are even moderately savvy with with finances would consider that a misguided take to be honest especially if their mortgage rate is 3-4%. You can beat that rate moderately with a variety of extremely safe investments currently, and beat it by a lot long term invested in index funds.
It's better to optimize your money than have it 100% tied up in real estate making you zero returns. Many of the world's billionaires don't own most of their homes outright.
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I agree with your 1st paragraph but are you sure about that "zero return" as it relates to your opportunity cost argument? And I'm not talking about capital appreciation.