Especially in the US when you have that stupid flat 30 year mortgage. What are we doing here? Do you really need an explanation? If you have $5M cash and want to retire, you could buy one home in SF for $1.5M outright. OK great. You very likely are doing fine with the interest from $3.5M. I concede. Or you could just buy two such homes for 2x500,000 downpayment, turn one to rental. You get cashflow. Or you just buy one for $500,000, so you still have $4,500,000, and just use the interest to live and pay off the cheap mortgage. Your market performance likely beats the mortgage rate. What if you have $50M, $500M, $5B, same principles. You can manage these cheap debts , buy multiple homes for investments or business workshops, and come out ahead. But I also concede, if i was in this situation I would be more inclined in paying cash knowing I would screw up the investment and DRIP. And that relief of having paid off your home is a big deal. Just economically, the richer you are the better off or the more well-placed your money will be by playing these cheap debts… when you are poor you arent thinking about these because thats your only option (mortgage). I hope you were kidding btw. This is super obvious.

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Spirit was elite from SF to LA or SD. $80 round trip! 1 hour flight. Now I’m stuck with Southwest charging $500 for the same flight.

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Southwest is already charging a huge premium after spirit left the SF Bay Area. Same week flights to Las Vegas are $600 now

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