A 20% downpayment on a $633K purchase equals $126,600 …[/quote]
This amt should have been available to purchase a CD …
Okay … one would have had to invest the entire $633K in 2001 on a jumbo CD to make more than the $317K to $367K that was made on this property. But with a CD, there is no PITI to pay every month and no MID to deduct ….
