38 Comments

1. 

   And now take the data in Switzerland, with 1-3% mortgage interest rate over the last 25 years. And think how smart it is to pay off all interest vs ETF. Let alone the tax benefits….

2. 

   Friends advice is rarely good advice

3. 

   I could buy a house cash anywhere else but where I live bc a shack in California is $1.2 million

4. 

   It's silly to pay cash.

5. 

   BUY THAT HOME. Fastest way to make it 100% YOURS. DO IT. Property is an AMAZING investment.

6. 

   Just remember that if there is a major financial downturn that results in income loss, the market will likely be down severely. If you need to sell to cover your mortgage, you'll almost certainly be selling at a loss. If you pay cash, then invest what you wouldve spent on the mortgage, mathematically, you may come out behind a bit, but you also avoid the risk of taking a major loss and have to freedom to hang on to your investments until they swing back up.

7. 

   Assuming that investing money while being in debt will be better is so stupid

8. 

   Because mathematically it makes sense. I've seen these scenarios ran, and it makes sense. Especially for those of us who bought with low interest rates 2.5, 3.5 etc

9. 

   Perfect

10. 

    great information

11. 

    Gold!

12. 

    Looking at the comments these are the broke people Dave was talking about 😂😂😂😂😂🤷🏾‍♂️

13. 

    Hey have you thought about trying some debt instead

    -a banker

14. 

    I'm paying cash for my second house tomorrow 🎉🎉 stop taking advice from broke people ❤

15. 

    Check the difference in the interest you'd pay as opposed to the profit you'd estimate on the investments.

16. 

    use the extra money from no mortgage to make “other investments” like come on

17. 

    ❤🎉❤

18. 

    I'm 44 with no wife and kids, for me personally it's not interesting anymore buy a house, my plan is get my nest egg around 50, travel the world, maybe some charity or being volunteer in something special for other people 🤷🏽‍♂️

19. 

    The only time I would say not to do that is if you don’t have an emergency fund. Have three to six months of expenses saved and use the rest for the down payment.
    Then again, if you have that much of a down payment, you may still be able to pay for your house in cash and still have the emergency fund. 🤷🏻‍♀️

20. 

    Awesome!

21. 

    That's pretty condescending to assume that all his people are broke, and then maniacally laugh about it. Maybe his friends that are giving him the advice are all quite wealthy, he has no idea.

22. 

    Paid 2.5% interest per year on my house while investments went up 13% a year. So yes, it does work and how does Dave know his friends are broke?

23. 

    1ST MISTAKE TALKING TO PEOPLE

24. 

    I am never financing anything again. They are keeping us enslaved!!

25. 

    When you lose your job someday and catastrophe strikes, you'll be REALLY glad not to have that mortgage albatross around your neck.

26. 

    Broke people bc they can relate! Unlike u maybe ? That’s just my opinion

27. 

    Paying cash for a house What?

28. 

    Paying cash is equivalent to a risk free guaranteed rate of return of the interest rate. Yes.

29. 

    Well, duh. No wonder America elected Trump.

30. 

    One could take loan for 2 reasons

    1. You get a very cheap loan that's not available for anything else .

    2. You are locking in a price which will only go up later on

    3. You are generating more money from the cash you hold

    But you are also risking your primary residence if all your other investments tank ..

31. 

    It depends on the interest rate. Today, yes pay cash. If you can get a mortgage 3% or less it’s much better to keep your money invested instead of selling your investments to pay cash for home. You might have to pay capital gains tax on sale of your investments AND you can deduct mortgage interest.

    How can Dave be so wrong, it’s ridiculous.

32. 

    These clips should contain the Ramsey answer to them

33. 

    I bought my house cash after a settlement check and don’t regret buying it and being rent free for the first time only gotta worry about bills and paying taxes every year

34. 

    Question for those who bought house cash. Did you just put a lot of cash into your HYSA and just build it up? I would assume it’s a big amount to where you would need to adjust your w4 form section 4 part c to have extra withholding on that large amount of Interest gained on (400,000 cash???)

35. 

    his way isn't the only one that works

36. 

    Why does classifying someone who decides to make the most of the opportunity cost to lend at a very low rate for nearly a 1/3 of a lifetime? You’ll make more money having a mortgage and that’s the truth.

37. 

    😂😂😂😂😂

38. 

    I dont see anything wrong with buying a house cash if you have over $50 million liquid in the bank. I know not everyone has that in the bank but my dad was injured in an oilfield explosion and we got over $80 million from an oil giant (not naming which one) and we have bought a few cars and houses cash because we like the idea of not owing anything to anyone. We also have a huge chunk of it in high yield savings account so we're making everything we spend back in just the interest. A lot of people told us to not pay cash for anything but if we can do it, why not? 🤷‍♂️ theres nothing wrong with paying cash for anything if you can afford it