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I believe if you have cash to unload it would be better to buy some land, hire contractors to build up a house the way you like it for considerably less than the purchase of someone else's used up house. My brother-in-law has a piece of land and the cost to build 2 houses on it that would be worth about 2 - 300k was in the 5 digit range. But, that's already having the land.
Socks, you make some good arguments. Never looked at it like that. The house I am in now we own and with the low mortgage payment comes the eternity of paying it off. Savings interest is so low and borrowing interest is so high it is obviously a legalized mafia scam running. The banks invent the currency that creates the inflation and drives the prices up and keeps the incomes the same. It's horrible.
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