House motham cash lo konte advantages and disadvantages?

[Raazu]

Cheppandi

[coffeeabhi]

Budget entha?

Less expensive house aithe not many tax benefits, cash tho konnaa not much difference.

[Pavanonline]

23 minutes ago, Raazu said:

Cheppandi

No interest

Closing will be very quick. 

No other difference.

[Mr Mirchi]

32 minutes ago, Raazu said:

Cheppandi

Disavantage..bank acct empty

advantage - inko covid vachina u dont care abt refinancing

[Hitman]

You don’t have to buy insurance. You can dodge the insanity of Florida house insurance 

[kiran1012]

14 minutes ago, coffeeabhi said:

Budget entha?

Less expensive house aithe not many tax benefits, cash tho konnaa not much difference.

May be a silly question, What tax benefit do you get when you pay mortgage of 6 percent interest 

[mamadou]

20% kante pettadam waste.. antha cash unte buy 2 20% houses and rent the other one

[ARYA]

basically you can invest that money over the period of time and taking inflation into account your money is more valued now compared to 30 yrs later anta ani @csrcsr anna ippude cheptunte vinna

[Variety_Pullayya]

with high interest rates...go ahead and buy in cash.

low interest rates unnapdu...no point putting all the cash in one property.

[yemdoing]

29 minutes ago, Hitman said:

You don’t have to buy insurance. You can dodge the insanity of Florida house insurance 

Why don’t you need home insurance? are you talking about pmi?

[macha]

15 minutes ago, Variety_Pullayya said:

with high interest rates...go ahead and buy in cash.

low interest rates unnapdu...no point putting all the cash in one property.

With this interest you should always put more you will end up saving lot 

[Hitman]

6 minutes ago, yemdoing said:

Why don’t you need home insurance? are you talking about pmi?

Home Insurance- hurricane, flood , hazardous accident insurance etc. since you are buying with cash it’s up to you to carry or not. If you are on loan you are forced to carry 

[chantigaduUS]

1 hour ago, Pavanonline said:

No interest

Closing will be very quick. 

No other difference.

++ peace of mind if only u is working. just having the feeling that your roof is taken care of , can give so much security in ur life. 

[BMDablu]

pros: youtube gruhapravesam vlogs seskovachu, friends ni jealousy feel ayyela chesi happyness pondachu

cons: antha pedda intlo okkadive jail lo unnattu untundi roommates tho untene bagundu anipistundi, u still have to pay other crap like taxes, hoa etc

[Thokkalee]

Never put all your eggs in one basket.. if in case you are using all your savings to buy a home..