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

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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.

 

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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.

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