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thenewgreen · 3689 days ago · link · · parent · post: What does hubski know/think of You Need A Budget, or YNAB? And a post on personal finance in general.
I was talking with a 24-year-old guy the other day. He's about to ask his girlfriend to marry him and said that he doesn't want to buy a house until he can pay for it 100% in cash. He has some money saved, probably enough to put 20% plus down. My strong advice to him was to put 20 to 30% down on a house right now and buy it with a fixed 30 year mortgage. Money is about as cheap as it will ever get right now. He could get a mortgage for less than 4% and the money that he would put into the house, if he is smart could see returns north of 6% in various mutual funds and other investment modalities. So, sometimes incurring a debt in order to float your money elsewhere is a smart move.