Quote:
Originally Posted by WeLoveTheLake
Why would you want to buy a vacation home with borrowed money, especially now that stable genius took all the incentives away.
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1. A family center for three or four generations is priceless.
2. If the second generation gets it for free, that's great.
3. If you then leave an endowment in the trust that owns it, you've provided for many generations
4. At today's interest rates it may make more sense to borrow than to take money out of your portfolio and pay capital gains taxes.