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<blockquote data-quote="Glocktogo" data-source="post: 1330379" data-attributes="member: 1132">You hear all sorts of silly crap from people that having too much cash is a bad idea, because you aren&#039;t taking advantage of tax exemptions and such. About the only tax worth avoiding by doing something with your money you wouldn&#039;t otherwise do is capital gains tax. Taking out a 2nd mortgage or refinancing because you aren&#039;t maximizing your homeowners credit is a really silly one. You&#039;re going to spend more money than you save and what you spend it on likely will not increase your market value enough to offset the expenditure. If you&#039;re going to do that, refinance a 30 to a 15 so you can save some serious $$$, but only if you&#039;re in the early part of the 30. Stuff like that is an alleged &quot;cash liability&quot;. It&#039;s nonsense. About the only cash liability in this country is letting the .gov print as much as they want, further eroding the value of the dollar. <img src="/images/smilies/frown.png"&nbsp; class="smilie" loading="lazy" alt=":(" title="Frown&nbsp; &nbsp; :(" data-shortname=":(" /></blockquote>

[QUOTE="Glocktogo, post: 1330379, member: 1132"] You hear all sorts of silly crap from people that having too much cash is a bad idea, because you aren't taking advantage of tax exemptions and such. About the only tax worth avoiding by doing something with your money you wouldn't otherwise do is capital gains tax. Taking out a 2nd mortgage or refinancing because you aren't maximizing your homeowners credit is a really silly one. You're going to spend more money than you save and what you spend it on likely will not increase your market value enough to offset the expenditure. If you're going to do that, refinance a 30 to a 15 so you can save some serious $$$, but only if you're in the early part of the 30. Stuff like that is an alleged "cash liability". It's nonsense. About the only cash liability in this country is letting the .gov print as much as they want, further eroding the value of the dollar. :( [/QUOTE]

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