Thread: minimum income
View Single Post
 
Old 09-27-2007, 09:50 AM
RCT RCT is offline
Senior Member
Join Date: Jul 2007
Posts: 299
Thanks: 0
Thanked 0 Times in 0 Posts
Send a message via Yahoo to RCT
Default Re: minimum income

In response to diskman saying retirement and mortgage don't mix, that entirely depends on your financial situation. We are fortunate enough to have money with an investment firm, that, this year, will make about 14 percent, and has been that or more for the last ten years. It makes no financial sense for me to pay cash for house with a part of that, when we can use someone else's money, at 6 percent, and leave the 250,000 or so in my accounts, to return 14 or up, clearing at least 8 percent. i'd rather leave my money with the amazing people of Fisher investments, than subject it to the ups and downs of hoping to build more equity in housing market.
__________________
No previous place matters anymore TV's Spanish Springs Villas 6.30.08