News Formal

A couple who bought a home in cash sees the advantage of a mortgage - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

They always planned to become financially independent and retire early — and buying a home in cash would bring them one step closer

. Sure, they didn't have to worry about mortgage payments, but they estimate that they've actually lost money on the deal — at least $19,000.About four years after buying their condo, the Keys decided to crunch the numbers to learn what would have happened if they had gotten a mortgage rather than paid in cash. If they had

Looking back to 2016, they assumed a 30-year mortgage rate of 4%, and an annualized return of 11% on the stock market. They would have been borrowing money at a 4% rate, but earning money at an 11% rate. Steven said he hasn't done the updated math, but he suspects that $19,000 would be closer to $30,000 by now.Steven and Lauren would have had a larger investment portfolio right now had they invested more aggressively rather than bought a home in cash, but they don't regret their decision.

 

コメントありがとうございます。コメントは審査後に公開されます。

Maybe its because 20-something are now studying what big banks offers to them. Not only mortgages but the 'debt culture' is slowly sinking amongst financially active youngsters

That guy likes to watch cuckhold genre.

please do not write 'home buying success stories' or whatever the fuck this is where the home purchase price is under $75K.

No it wouldn’t. It would make them throw away 15-30 years of 4% interest.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 729. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Inside the 20,000-member trading community started by college students - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

Mortgage delinquencies spike 8% to a 9-year high amid COVID-19 crisis - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 8%... Smh just a start too
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

Business Insider webinar with McKinsey, Bain, and PwC - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »