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Retirement Discussions / Retire Early Liberal Edition
|Subject: Re: intercst a Homeowner||Date: 10/14/2012 3:27 PM|
|Author: intercst||Number: 45827 of 101890|
What motivated you to pay cash as opposed to borrowing at 3.5%?
It cost less than the price of a new lexus. It wasn't worth filling out all the extra forms and paying the fees to take out a mortgage. Also, I had ready cash earning 2% in a short-term bond fund and the mortgage interest and property taxes won't be enough to exceed the standard deduction for me.
Art -- as far as traveling, I'll just turn off the water at the meter and I should be good to go.
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