nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
This is a variation on the "pay off mortgage" meme.
If you had a large amount of cash from the sale of one house would you pay for the next house in cash? I think I would to reduce my need for income. I loose the potential investment gains from the money I lock up in the house, but there's no mortgage interest to pay and without a mortgage I'll need a lot less income and hence will have a lower tax bill.
If you had a large amount of cash from the sale of one house would you pay for the next house in cash? I think I would to reduce my need for income. I loose the potential investment gains from the money I lock up in the house, but there's no mortgage interest to pay and without a mortgage I'll need a lot less income and hence will have a lower tax bill.
Last edited: