Facebook's Zuckerberg Refinances Mortgage at 1%

[CuteOldGuy]

Question. Why does he have a mortgage?

http://www.bloomberg.com/news/2012-0...mortgages.html

[icuminpeace]

Question is why not? If you can have a loan for 1% interest rate, and the inflation rate is 3-4%, you're making money with someone else's money.

[CuteOldGuy]

His home is mortgaged for $6 Million, he's worth $15 Billion. Doesn't make much sense. But I suppose.

[icuminpeace]

I hear you, I feel the same way, but again, if you can keep your $6 million in stocks with a better return, while only paying 1% on your mortgage, why not? These guys don't let a penny fall to the floor.

[i'va biggen]

Originally Posted by CuteOldGuy

His home is mortgaged for $6 Million, he's worth $15 Billion. Doesn't make much sense. But I suppose.

As a ex lawyer you should know about using someone els's money.