From: Mark Bole 
Newsgroups: misc.invest.financial-plan
Subject: Re: Formulating decision to take out mortgage or pay cash for home.
Date: Tue, 17 Jul 2007 18:54:39 -0500
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Daniel T. wrote:
> "GJ"  wrote:
[...]
>>Is it possible to create a formula (or is there an existing source) to 
>>determine the monetary advantages of the mortgage/cash decision of 
>>purchasing a home.
> 
> I don't think it can be done. [...]
> 
>>I'm not interested in the emotional issues or the security issues...
[...]
> That's all there is IMHO.
> 

Totally agree.  Your affinity for or aversion to risk (in the broadest 
sense) is yours and yours alone.  That's ultimately what makes the 
financial world go 'round.

Or, try this: can you come up with a quantifiable definition of 
"monetary advantage"?  No definition, no formula.

-Mark Bole