Comment by Aeolun
1 day ago
That. You can spend money to save money in the long run. Just buy the house instead of having to pay for mortgage. Invest it so that it’s generating money while you do nothing. Many things only accessible if you already have money.
> You can spend money to save money in the long run. Just buy the house instead of having to pay for mortgage. Invest it so that it’s generating money while you do nothing.
It's all about opportunity costs.
If the interest on your mortgage pays less than you can get in eg the stock market, you are better off not paying your mortgage. (Ignoring fees and taxes for a moment.)