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Reply to "Is it a good idea to keep the cash after selling a house?"
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[quote=Anonymous]We're selling a house and buying a new one. For the new one we can pay 50% of the cost in cash from the sale of the old one. My DH has gotten this idea that we should only make the down payment of 20% and keep the extra cash. No specific reasons or purchases, just when you need cash it's hard to come by, so it's a unique opportunity to get cash. You can always pay off the mortgage. I think the money sitting in a savings account or CDs will not be generating enough interest to cover its inflation. What do you think?[/quote]
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