[quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.
