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I like the idea of paying all cash, and refinancing later with a margin loan. I am selling my house and buying a mobile home in a senior park with all cash. The rest of the money is going into FF, RB and an S&P index fund. I am single,and my roommate will be paying the lot space, and we will split the utilities. All I have to pay monthly, including taxes and insurance will be less than $200. Granted, the mobile is not an appreciating property, and a loan on it would be rather foolish. But if I needed the cash, a margin loan seems to be the best thing (the interest rates for mobiles is considerably higher than for standard homes).
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