Quote:
Originally Posted by TV Tom
I know a lot of you will disagree, but I favor a mortgage under the current situation where borrowing money is cheap. If you are making more on your investments than the cost of money, which you should e i today's market, you lose by paying cash.
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Tom, IMHO the smartest post regarding cash/mortgage so far on this Thread. Money is still cheap and with interest rates likely to rise in the next few years---mortgage makes sense.