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Honestly, I plan to pay for the thing outright, rather than take out a mortgage, because I have a personal dislike of paying interest on, well, anything. This will lower my overall cost, I think, since I avoid many fees and interest.

But...at interest rates around 8% (what are they now - I haven't looked in some time) and market returns around 10%, plus you get tax deductions on your interest, I think paying cash for a house is most un-foolish. I think the better place for that available cash is in the market.
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