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Real Estate
Reply to "Are people paying cash for homes?"
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[quote=Anonymous][quote=Anonymous]"All cash" doesn't usually mean that the buyer paid 100% from savings. It just means there is no mortgage. Many wealthy buyers use margin loans, which often have more favorable rates than mortgages.[/quote] I should add that margin loan interest is fully tax deductible (assuming you have sufficient investment income to offset it, which wealthy buyers do), while mortgage interest is only deductible up to 750K. [/quote]
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