Eli5<- what are the pros/cons of borrowing money from the bank vs paying cash when buying a house?

Question

And why would it ever be a good idea to borrow if you can pay cash and pay no interest to the bank?

In: 18

Answer 1

Assuming buying with cash is a real option for you. If you have that kind of cash flow, it really comes down to how you feel.

You’re wealthy enough that the opportunity cost either way probably isn’t a big deal.