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Originally Posted by Dr. Doom
reeruned? Maybe not. Bad financial practice, absolutely. Interest on a house is going to be at most 6.5%, then you get to deduct those interest payments on your income taxes. Meanwhile it is pretty easy to invest and make a 10% dividend per year, so paying cash for a house is a bad financial strategy.
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absolutely. The only reason to pay cash for a house is if you're a multi-multi-multi millionaire, and don't care about the tax and financial advantages.