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Real Estate
Reply to "Buying house with cash"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Because you are rich and don't need a mortgage. That's the most common answer. People who advocate for getting a mortgage to leverage low interest rates are not rich. They are still trying to become rich. [/quote] You are wrong. Wealthy people take out mortgages, while those with less money pay in cash. Gates, Bezos, Musk, Zuckerberg, and Buffet all use mortgages even though they have enough cash to pay outright. I don't know any billionaire who supports paying in cash. Perhaps using cash is something that middle class people or the poor millionaires next door do to escape debt. But wealthy people never pay with cash. [/quote] Buffet lives in 170k house bought in the 1970th. Most of the people you listed have multiple properties, I don’t think you know what you’re talking about.[/quote] And you think it’s the only property Buffet own? Don’t be stupid? What does multiple properties have to do with paying in cash? https://finance.yahoo.com/news/why-billionaires-elon-musk-mark-150100026.html [/quote]
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