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Originally Posted by rickholio
To not get fucked by floating interest rate loans when they crank it up to avoid inflation, perhaps...
Although I agree, if you have enough money to buy a house outright, you'd be better off getting a fixed low rate loan and invest the money you would have spent on the purchase on investments that yeild a higher return.  |
Exactly. This guy said he did pay in full, so he could have done the same.
Of course, it depends on where you're at in life, but as a general rule I think it's a bad financial decision to pay for a house in full when it can generate much more elsewhere for a while.