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To: SeekAndFind
Really? Paying cash one time seems cheaper than making rent payments all year.

The only cost with a cash house is maintenance and taxes.

I like paid-off.

/johnny

10 posted on 09/01/2015 7:57:28 AM PDT by JRandomFreeper (gone Galt)
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To: JRandomFreeper

“The only cost with a cash house is maintenance and taxes.”

I like paid off.

There is a lost opportunity cost to having capital sitting in your house, which will change value regardless of how much equity is there.

It is also a very inviting target for attorney’s, unless you live in a homestead state and claim it.


28 posted on 09/01/2015 8:34:17 AM PDT by aMorePerfectUnion ( "Forward lies the crown, and onward is the goal.")
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