BUT, for many people there is a PSYCHOLOGICAL cost of having “‘debt”.  

It might be more of a psychological benefit than a legal one, but I’ll take the extra comfort!

But, that being said, there are the numbers on paper and then there's the psychological component.... the human behavior component. 

The way that I set up my coaching program helped around 80 to 90% of my coaching students buy real estate and increase their net worth by between $30,000 and $500,000 during the year that I coached them.I tried to make the coaching program really affordable and based on psychological principles of motivation.

I think it's more psychological than meaningful right now, but rates will continue to drop.

Compared to the US, the financing is different (if you need any), the legal system is different (you need to vet the parties), pre-construction works differently (if that's what you want to buy), the buyer/seller psychology is different, ...It's important that you get the needed knowledge or work with people who have it and have their interests aligned with yours.I have replied to hundreds of posts about investing in Mexico over the years so you might find some what you look for there.

This psychological trap causes us to stick with a plan even if it no longer serves us and the costs clearly outweigh the benefits."

It ties into your great grandfather’s troubles during the 1932 depression; your grand parents ability to purchase a home in 1953 for $100 down with a VA loan, and your own psychological well being at having to have a percentage of your income going to pay debt each month.However, unless debt is so debilitating to you that it keeps you up at night and inhibits your ability to make rational decisions, the decision to pay off debt early is merely a function of numbers.  

Dear all,Trying out a particular style of real estate investing for the first time can be a major psychological hurdle to clear.

But your own psychology and mindset does matter, and investing in real estate, while not making us wealthy, did give us this back-up plan where we knew we'd always have a roof over our heads and enough of a financial buffer we could figure something else out.