Re:Ask HN: Just cashed out for 2M. What now?
by metaguri on Thursday February 19, 2009 @08:59PM
(#488165)
Where did he say mortgage? This guy has $2M in the bank.
The argument is that eliminating the rent expense ($2000/month or whatever) by spending $500k to buy a house outright is better than the tax-adjusted potential return on that $500k if invested.
The argument is that eliminating the rent expense ($2000/month or whatever) by spending $500k to buy a house outright is better than the tax-adjusted potential return on that $500k if invested.