alphaorange
Starter
- Joined
- Aug 26, 2011
- Messages
- 1,733
- Like
- 2,291
Why would he pay cash for houses? With the interest rates what they are? Doesn't seem like a good move to me...He'll pay roughly $400-500K in taxes each year unless he puts a boatload of money into tax deferred investments. After he buys a $300K house for himself and his parents, the first years money will be gone. He left a million a year on the table by going this year. We'll see if it's worth it in the long run...