Re: Buying house, interest only loan the way to go?
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house appreciates in value
[/ QUOTE ] Houses are NOT a good investment in some situations.
The main reasons houses are a good investment for most people:
1) Most people hold onto them for a long time.
2) People can build equity in something they derive utility from.
3) Intrest payments on mortgages are tax deductible.
How well does each of these reasons fit your case?
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