|
|
 Originally Posted by chardrian
Originally Posted by givememyleg
why would anyone want a mortgage if you could avoid it?
Because in the U.S. a mortgage = tax deduction.
So? Having a mortgage for a house you're living in is not an investment. Having a mortgage that is not an asset is just a liability and I don't understand why someone would pay 2x or more for the same house over 20-30 year period when they could pay for it straight up. There is no guarantee it will be worth more 30 years from now and even if it is it still isn't a real long term investment. Real-estate is a great investment but not in those terms.
|
Reply With Quote