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to $B or not to $B - that is the question
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<blockquote data-quote="Brandonm22" data-source="post: 599246" data-attributes="member: 7645"><p>IF you are making 4.5% off of your investments right now congratulations. SOME people had theirs in Lehman Bros (or Citibank) and now their $100,000 is gone (or much diminished) and they still owe $100,000 on the roof over their heads. Most people will park their money some place, let it sit there for a while, and after a few years raid it to buy a truck, pay for their grandkids college, a cruise, or just the daily costs of life and after a few years they don't have a $100,000, they still owe a $100,000 and are paying $10,000 (or $6400 and getting a smaller deduction too brag about) a year out of their pocket in interest to keep from getting thrown out in the street.</p><p></p><p>There are a lot of very very rich, very very successful people who are getting their butts kicked right now because they leveraged everything they had instead of creating a viable balance sheet and now are losing it all. Do what you like; but I got no intention of carrying a mortgage again, even if I do get a tax deduction for it.</p></blockquote><p></p>
[QUOTE="Brandonm22, post: 599246, member: 7645"] IF you are making 4.5% off of your investments right now congratulations. SOME people had theirs in Lehman Bros (or Citibank) and now their $100,000 is gone (or much diminished) and they still owe $100,000 on the roof over their heads. Most people will park their money some place, let it sit there for a while, and after a few years raid it to buy a truck, pay for their grandkids college, a cruise, or just the daily costs of life and after a few years they don't have a $100,000, they still owe a $100,000 and are paying $10,000 (or $6400 and getting a smaller deduction too brag about) a year out of their pocket in interest to keep from getting thrown out in the street. There are a lot of very very rich, very very successful people who are getting their butts kicked right now because they leveraged everything they had instead of creating a viable balance sheet and now are losing it all. Do what you like; but I got no intention of carrying a mortgage again, even if I do get a tax deduction for it. [/QUOTE]
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to $B or not to $B - that is the question
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