>Buying a house all cash is not the way to do it.

It's _a_ way to do it though. My argument isn't that buying a house with the cash is the optimal way to spend it, simply that having a house fully paid for is a massive financial burden taken off one's shoulders.

In Australia where a typical house can easily sell for $800K-$1M AUD in desirable locations, the repayments on a mortgage (or rent) can be crippling. I would be more than happy for that to be a non-issue for me!