Originally Posted by Unregistered

Obviously you didn't read carefully, he has another properrty with outstanding loan of $400k, cash $500k, he could have fully for it and fulfil your statement of "at your age, you should already own a fully paid home". There is reason why some die poor, some get richer, no risk no gain. some are risk averse, they will prefer not to loan anything, then pay fully with cash, but history has taught us this term "missed the boat". How many boats would have been missed while waiting tl build up cash to fully pay investment house.