2 ms·
The wealth difference is not as great as it seems, it's just the interest on the mortgage minus tax incentives and the opportunity cost of paying it off.
by rad88 7y ago
The wealth difference is not as great as it seems, it's just the interest on the mortgage minus tax incentives and the opportunity cost of paying it off.
- harryh 7y agoIf I have a $1M house I can sell it and have $1M in cash. If I have a $1M house and a $900k mortgage then I can sell it and only have $100k in cash.