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A comment on 10 Things Millionaires Won't Tell You. Parent comment

Re:10 Things Millionaires Won't Tell You by hhm on Friday August 29, 2008 @01:56PM (#290247)
Bill Gates has a mortgage on his house??! Is that real?
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Re:10 Things Millionaires Won't Tell You by notauser on Friday August 29, 2008 @03:11PM (#290336)
It wouldn't surprise me at all:

- His cost of capital is undoubtedly very low. Lending $4-5m to someone with that much money (and secured on property!) is practically risk free.

- He probably has access to a lot of good investment prospects.

- Tax breaks on mortgages will make the gap between cost of capital and likely return even larger.

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