Quote:
Originally Posted by Jason14h
And why would anyone EVER pay anything over the minimum towards their mortgage right now, let alone a house in cash?
Interest rates are 3%. No one is lending you $500.000 at 3% to invest in the stock market!
|
This is exactly it when you buy a property the increase in value is based on the amount you borrow, not just what you put down. Although I would argue in many market conditions there is a benefit to paying cash. You get the increase in real estate value, plus the benefit of but paying b rent. That's more an issue of timing a market though. Different situation than the norm, which is carrying a mortgage for 20-30 years.