True.very rare for anyone to buy real estate without a mortgage.
Hmmm. Maybe, maybe not. What if the much anticipated major correction really does happen? If person A buys a house today for $800k he may take a lot longer to pay it off than person B who buys an identical house next door in two years time for $600K.That said, the sooner you start paying a mortgage the sooner you'll own your home free and clear
You have been assuring us that a market price collapse is imminent. Do you anticipate that the rents will not only cover the mortgage but also the property taxes, the maintenance, the occasional periods of vacancy and, most importantly, the big drop in value which you have been predicting?Buy a house with a basement suite or three, and have your tenant pay your mortgage!