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Reply to "When million-dollar-plus homes are purchased, do people put more than 20% down?"
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[quote=Anonymous]+1 I call this sort of nonsense "lawyer math" [quote=Anonymous][quote=Anonymous]We have a mortgage of just under $950,00 on a $1.5 m house in NWDC. Since one can deduct interest paid on a mortgage from your federal taxes, it's smarter to not put too much down. [/quote] Such a fallacy. It's better not to put too much down because interest rates are lower than expected returns in the market.[/quote][/quote]
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