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True, but people who paid off their homes can often move and buy their next home for cash, especially if they're downsizing.
by fortran77 3y ago
True, but people who paid off their homes can often move and buy their next home for cash, especially if they're downsizing.
- sidewndr46 3y agothat only works if you can sell your home for what you paid for it. Demand contracts when interest rates rise.