Excuse me for being BLUNT. Has anyone ever, heard of someone loosing their truck after it was paid for? How about putting more than 20% down or 30% or 40%?
What is money for? Its for investing and spending period. To take a loan out at 7-8% and get a return (safe) at 4% to 5% is the poorest advice I could ever give to anyone.
I can guarantee that someone who puts down a modest downpayment is gona come out miles ahead profitablity over the long period of time. The mindset to use someone elses money is why this coutnry and most invidiuals are in debt to there eyeballs and all options are gone. Its much much easier to EARN your money back that one invests than to borrow that money and pay the bank back.
If you are so sure that your thoery of borrowing 90% or more is going to make you more money than using your own. I leave the next post open to prove me wrong. But one thing the money invested has got to be in the safest place possible and liquid. History proves me correct but I am willing to be proven wrong. Leveraging to hedge is not safe, now keeping a % in safekeeping for emergencies is wise but to do that at the risk of such a small downpayment I dissagree with, IF ONE CANNOT AFFORD A MODEST DOWNPAYMENT than I believe one has no business of being in business.
