| http://www.w3.org/ns/prov#value | - Thus, the comparison he needs to make is a comparison between your second couple ($200,000 cash for the house) and a third couple that pays $40,000 cash, takes out a $160,000 mortgage, and invests the $160,000 in the market. (In the real world, we can ignore transaction costs because we are assuming that both sets of retirees in fact already own the house and are merely deciding whether to pay of
|
