Quote:
Originally Posted by Randall55
Agree with most of what you said. However, when interest rates are high, paying cash for a home is not always the best solution. You are throwing away the possibility of earning good interest. Interest rates go back down? The you pay cash for your home. Hopefully, the period of time you were able to make a good return on your investment will pay for the bulk of your home purchase.
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will always disagree for two reasons:
Tax on your income, which is variable
mortgage money rental rate,
therefore it works until is doesn't, there is a measure of risk which I don't care to pay for
and see no need to have to monitor and pay for.
good luck