Cash Me Outside girl buys $6 million Florida mansion all cash

Luke Cage

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This is a lesson, anyone can become rich.

Any actual financial advisors here? Is it smart to pay $6 mil cash on a home in this market. Seems like the money would be better in some other investment that brings in 7-8%
Average Interest rate on a home mortgage loan ranges from like 3% to 7%. Plus closing costs, appraisals etc. So you would save money paying in cash. also it's easier to sell the house once it's paid off.

but having a mortgage obviously frees up more cash for investment in the mean time, and doesn't tie up your liquidity in case of some emergency or something. but if you're rich as she is, you probably have plenty of cash to do that type of thing regardless, so you might as well save on the house and invest.
 

Zero

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