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Why not just use the down payment to buy a smaller home? (TT6)
| Jared Baumeister | 08/24/26 |
| me mum died in the holly (TT6) | 08/24/26 |
| Jared Baumeister | 08/24/26 |
| The Scrotum | 08/24/26 |
Poast new message in this thread
Date: August 24th, 2026 1:10 PM Author: Jared Baumeister (http://www.autoadmit.com/thread.php?thread_id=5896662&forum_id=2.#50089383) |
Date: August 24th, 2026 1:12 PM Author: me mum died in the holly (TT6) Legit Q. (http://www.autoadmit.com/thread.php?thread_id=5896662&forum_id=2.#50089391) |
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Date: August 24th, 2026 1:15 PM Author: Jared Baumeister Did you ever figure out why no one does this? (http://www.autoadmit.com/thread.php?thread_id=5896662&forum_id=2.#50089406) |
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Date: August 24th, 2026 1:24 PM Author: The Scrotum (gunneratttt) 1) Because that may not be sufficient to acquire something suitable
2) Because they may be able to borrow money at a rate leverahe makes financial sense
3) They may rationally accept that the cost of leverage is less than the utility value of what they're borrowing to acquire |