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Reply to "If you inherited $1 million how would you choose to allocate it?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If you are renting instead of owning, you essentially have perpetual debt. You will always owe someone else for your basic shelter.[/quote] Unless you buy your home in cash, you are also in debt, that’s what a mortgage is.[/quote] duh. but you are also building equity, which is part of your net worth and can pay off the mortgage. You never have that renting.[/quote]
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