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Trulia Atlan…, Home Buyer in Atlanta, GA

Are there still people opting to finance their home purchase when they're capable of paying in cash?

Asked by Trulia Atlanta, Atlanta, GA Wed Apr 24, 2013

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4
In Silicon Valley, many buyers are foreign and can't qualify for a traditional mortgage, so cash is their best option.
0 votes Thank Flag Link Wed Apr 24, 2013
Absolutely! It's currently very low interest rates. That means cheap money. It all depends what your goals are? Your plans on the next move etc. Its a very individual decision
0 votes Thank Flag Link Wed Apr 24, 2013
Of course. The power of affordable interest rates - the cheap cost of money - the absolute tanking of the bond market and the overall sense that the rich just got richer since the 1980s, well of course Trulia Atlanta, the answer is a resounding Georgia hell yes.

He who has the gold makes the rules.
Web Reference: Http://intowninsider.com
0 votes Thank Flag Link Wed Apr 24, 2013
Mostly for the following three reasons:
To invest the capital elsewhere-Earning ability
Leverage on property-Little invested with appreciation
Tax interest
0 votes Thank Flag Link Wed Apr 24, 2013
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