Achieved official socks
- Apr 22, 2017
- Reaction score
- What're you driving?
- F83 M4
Do you also apply that logic to buying a house, i.e. you should only get a house if you can buy it in cash and never get a mortgage?
I agree some of those finance deals might not be the most prudent if just looking at the pure economics, but life is very short and if financing means some folks get to have the experience of an M car when they otherwise wouldn't, then what's the harm?
Yes, just mortgage my buy to let’s so others can pay it for me. But to explore your point somewhat, the cost of borrowing the money is far less for a mortgage and I think you can understand the difference between a depreciating or appreciating asset right ? So your analogy is moot.