Re: Is there any disadvantage to buying a house outright?
The only possible disadvantage would be the unknown variable of whether you could have made a higher after tax return with the money used to pay off the house. Owning a house free and clear has tremendous psychological advantages, especially for a poker player. Anyone with highly varibale income is best to have the least amount of fixed monthly expenses possible. Eliminating a mortgage payment would go along way towards that goal.
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