Is there any disadvantage to buying a house outright?

[Preem]

[ QUOTE ]
So question is, is there any disadvantage to just paying cash for a house/apt/condo?

[/ QUOTE ]
If you take out a mortgage and invest the money such that your rate of return is higher than your mortgage rate, then it makes sense to get the mortgage.

Taxes sort of cancel each other out since they reduce the cost of the mortgage, but they also reduce your rate of return by the same percentage.

However, if the absolute amount of taxes and investment return changes your tax bracket, then it could sway the situation one way or the other.