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Dec 19, 2024
12:56:32pm
Gente_Boa All-American
If I make hundreds of thousands more than I pay in interest then yes, that is a
good trade off. My current annual interest is approx $9500. $360k invested earns an average return of 10% per year, which is $36,000. So yeah that is a deal I make all day long. Even If I only invested the $360k in "safe" investments like treasuries I could still earn $15k per year in interest. So it would still be a good trade. Also when itemizing deductions on my taxes I get to deduct the mortgage interest. So my true "interest expense" is closer to $6k per year.
Gente_Boa
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Gente_Boa
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May 6, 2013
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Dec 20, 2024
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