I’ve been told that for mortgaging for a house in Japan, with the low rates we have available – and they are low I don’t disagree with that, I’m told that not only *should* we mortgage instead of paying outright, but we should get as *MUCH* of a mortgage as possible.
To me this sounds like some Rich Dad Poor Dad shenanigans – can someone explain to me why, if we can afford to buy outright, is it preferable to take out a loan to pay back over 30 years?
Edit – Thank you everyone for your valuable contributions
by Brent_Forrest