Icon Re: John Carpenter Responds?
K
krm (view)

Kent,

 I see what you mean.  Yes the average person might not realize the total cost they are paying for a long-term loan.  Also good point about the possibility of a reduction in value over time, especially if the neighborhood is/becomes bad or repair costs are high.

 And yes, if you have $100,000 cash on hand, that's the best way to pay for a home.  :)  No
interest goes to the bank!

Ken
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