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That's not a useful metric, because the mortgage interest deduction means that it's almost always financially optimal to take out a mortgage even if you have th
by SpicyLemonZest 3mo ago
That's not a useful metric, because the mortgage interest deduction means that it's almost always financially optimal to take out a mortgage even if you have the assets to pay cash.
- tndibona 3mo agoPoint taken. But surely there must be a way to account for that. Can we assume if the net asset value of the individual is greater than the value of the house by some percentage? Then they are owners instead of renters.