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Real Estate
Reply to "Buying house with cash"
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[quote=Anonymous]If you have a healthy brokerage account balance at for example IBKR, you can borrow a large fraction of the balance on margin, withdraw the cash, and buy a house with the cash. Margin interest rates are lower than mortgage rates and interest is fully deductible unlike a mortgage. Really. And if your house happens to be on the beach in Florida, you can skip the super expensive hurricane insurance that your mortgage lender would force you to buy. Of course you will need the stomach to be self insured. It helps if the land is the majority of the value of the property. [/quote]
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