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Welcome to SportTrac.Org
Off Topic Discussion
Mortgage Questions
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<blockquote data-quote="Gavin Allan" data-source="post: 767616" data-attributes="member: 60736"><p>Huh? A paid-for house (and SportTrac) is worth just as much as one that is financed? Some would even say it is worth more, due to the higher intrinsic value. </p><p></p><p></p><p></p><p>I'd rather have $1600 to invest each month than to pay on loans. I don't see how that is better economically for me to have loans instead of cash, unless you are the bank that made the loans. </p><p></p><p></p><p></p><p>By making payments on your debts at $1600, you are also incurring an additional opportunity cost that you would not have if you had the $1600 to invest each month.</p></blockquote><p></p>
[QUOTE="Gavin Allan, post: 767616, member: 60736"] Huh? A paid-for house (and SportTrac) is worth just as much as one that is financed? Some would even say it is worth more, due to the higher intrinsic value. I'd rather have $1600 to invest each month than to pay on loans. I don't see how that is better economically for me to have loans instead of cash, unless you are the bank that made the loans. By making payments on your debts at $1600, you are also incurring an additional opportunity cost that you would not have if you had the $1600 to invest each month. [/QUOTE]
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Welcome to SportTrac.Org
Off Topic Discussion
Mortgage Questions
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