Ultra-high-net-worth individuals, including Elon Musk and Mark Zuckerberg, are increasingly using mortgages for real estate purchases, even when they could afford to pay cash. This strategy allows them to keep their liquid assets invested for potentially higher returns than the mortgage interest rate. Additionally, mortgage interest can offer tax deductions, and borrowing in high-inflation environments can be financially advantageous as the value of money erodes over time. AI
RANK_REASON The article discusses a financial strategy employed by wealthy individuals rather than a new product release, research finding, or policy change.
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