Cashing in Stocks or Mortgage?
About 10 years ago, I had saved up about 100k for a down payment to purchase a home, i ended up deciding to continue to rent and decided to use the down payment to purchase Apple stock. The stock is now worth about 700k in a taxable trading account. I'm now again looking to purchase a house/condo, but have been trying to decide if I should just cash out the apple stock and purchase with "cash" or should I take on a mortgage. I've always been of the mindset to not take on debt if one doesn't have to, but the cashing out of this amount of stock with about 600k in capital gains (half being taxable) is something I've never done before and the sale would put me into the highest tax bracket. My tax bill next year would be more than my annual salary. I would be able to cover the tax bill by selling other investments next year so that's not too much of an issue, but a part of me thinks that with low interest rates, that it might make sense to take on a mortgage. Am I crazy for thinking this?