[RockinRight]

Actually, it’s better to borrow the million WHEN you have a million - so as to keep the million earning money for you in interest or investments.

;-)

[Ignatz]

Actually, it's better to not borrow at all.
Let's say you had a million dollars earning 10%/year.
You want to buy a million dollar house, so you borrow against your million at 5%. Now, you're only getting 5% effecetively on your million, and we haven't even discussed taxes yet!
Ok, so let's say that after all yearly taxes and fees are taken out, your million is earning 3% effective, against your million dollar mortgage.
3% is about the average rate of inflation, so you are not gaining purchasing power at all.

What if, instead, you paid a million CASH for your house, and then put the money you WOULD have been paying out in mortgage principle and interest each month for the next fifteen or 30 years into investments? In pretty short order you'd have your million back and earning 10% again, AND you'd have a paid-for house!