re: #330 3 wood

Depends on your tax situation and your opportunity cost of other options.

Right now, you can borrow money for record low rates. I’d be doing that and preserving my cash. That way you can make interest on the earnings and write off part of the borrowing cost. That is likely to turn into a legal arbitrage when rates jump back up.

I paid cash for my condo, skipping all the interest and fees. I don’t have kids, so I don’t need to itemize. I have no bills and file short form at tax time. I get oodles back from the gov’t (I used to be able to figure my deductions in order to break even).

Bottom line - my life is very uncomplicated and stressfree. I am truly blessed!