My Friend Paid Cash for a Home and Regretted It Immediately. Here's Why
Between her savings account balance and some gifted money from her parents, she wound up in a position where she was able to make an all-cash offer on a home earlier this year. My friend pretty much emptied her savings account to be able to forgo a mortgage and purchase her home in cash. As such, she's dipped into her savings account numerous times, and now, she's left with enough cash to cover about a month and a half of expenses.