Re: buy a house in cash or not?
the future of online poker is uncertain and that is where i make my bread. i dont know anything about any other business.
Lets say for example that i had 1,000,000
I want to buy a house for 350,000.
using these examples, would your analysis become easier?
also assume that my ability to make money in the future is very shaky and im 19 years old.
the problem is that if the market was to completely crash, i could end up completely broke and not even have a house to live in. if i own a house, then i could go broke, but who cares ill have a home (in a third world country) and my expenses will be minimal and i can always do something to make a little bit of money.
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