Quote:
Originally Posted by 392cobra
Just to make the math simple,let's say you are in the 25% tax bracket.
How is paying your bank $1 in interest to keep from paying Uncle Sam $.25 in taxes a good financial decision ?
You can quickly go broke saving money like that.
Again...If you can't pay cash,you can't afford it.  |
Welcome to new age economics. Homes are not bank accounts to be accessed whenever there is some equity available. That is what got us into this financial mess. Time to go back to real life.
If you don't have the cash, you can't afford it. Repeat after me!