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Real Estate
Reply to "Do people with 1.8mil+ houses have mortgages?"
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[quote=Anonymous]I don’t consider my house just an investment. It’s my home and I prefer no mortgage on it. It gives me peace of mind which you cannot put a price on. Even if I lose my job, as long as I can pay taxes and utilities, it cannot be taken away from me. Even at the low mortgage rate at 2% on a $2m loan, just the mortgage interest alone would be about $3k per month ($36k per year). Would I make more than this if I invested the $2m? Probably but it gets complicated. Regardless, I don’t want to trade the security of my family for investment opportunities. I can do that with the remaining funds. [/quote]
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