Point 1 and 3 are essentially the same. And I agree. If you don’t have significant cash remaining after the purchase it is foolish to tie up all your liquid assets in an illiquid asset. Kinda of common sense, IMO.
I agree 100%. I bought a $272k new construction home 4 years ago with cash. But I had 5 times that amount in stocks and bonds which are highly liquid assets. In lieu of subsidizing closing costs, the builder threw in all appliances, ceiling fans in all rooms, screened lanai, blinds for all windows, crown moldings and painted garage.
What good is cash, if you own your home outright, you earn cash every month at work and pay a very small amount out. Like 6K income, 1K in utilities and groceries. If you lose your income, you lose your house and your home with a mortgage. For the same reason you buy cars cash. You buy computers, boats, dirtbikes et al cash. You really cannot afford them if you cannot do so.