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Subject:  Re: intercst a Homeowner Date:  10/14/2012  3:27 PM
Author:  intercst Number:  45827 of 128774

sykesix asks,

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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