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Are there any risks involved in paying cash for a home?

YoungFIREman · 2021-05-24 11:36:21

Are there any risks to paying cash for your home? Is it wise to stay out of debt if you don’t need to go into it? Thanks a lot, everyone!

Comments

Crashy_Time Posts: 13,386 Forumite

24 May 2021 at 9:34PM

YoungFIREman said:

user1977 said:

Isn't this much the same question as your other thread?

Yes but that was met with snarky comments from self-righteous middle-aged people who seemingly have it all figured out so I thought I’d make a new one 🤗

LOL. The biggest risk is overpaying to self-righteous middle aged people who think their house they bought for 70k is now worth a small fortune, the benefit of the latest trend from the banks to "down-value" is that it saves buyers from their own bad decision making around "value".

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