Why Rich People Refuse to Buy Houses in Cash
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Wouldn't it be amazing to buy your dream house in cash? But what's ironic is that people who are in this position actually prefer not to do so and keep as little money as they can in the home they live in. Not only this but they get cash-out refinances and home equity lines of credits as often as they can. This video describes why rich people are so averse in buying the home in cash.
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