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Reply to "If paying off your mortgage is dumb, why do so many rich people do it?"
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[quote=Anonymous]Where did you see that many rich people buy houses cash or pay off their mortgages? Maybe only wannabe rich DCUM people. Even Zuckerberg bought took a mortgage to buy his house https://www.fool.com/the-ascent/mortgages/articles/why-did-mark-zuckerberg-get-a-mortgage-on-his-home/ Many ultra rich people have mortgages because it's generally the best option from a financial standpoint. Even Warren Buffet took a mortgage to buy his house. https://www.fool.com/the-ascent/mortgages/articles/this-is-the-kind-of-mortgage-warren-buffett-recommends/ Paying off your mortgage is dumb financially. It's only a good thing for middle class people that very emotional and scared of losing it all.[/quote]
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