Your last post was great. I’m not even disagreeing with your points. I’m just throwing another perspective as I found these kinds of threads educational. I wish they were around a long time ago.
No, I’m not retired yet. I’m still building wealth (or at least trying to.. LOL). I’m still fairly young (or at least not an old fart yet…). The investment property income definitely helps but I still have many years ahead of me with young kids.
You make good points about time frame of buying. I absolutely wouldn’t have even bought real estate during the bubble as I didn’t find it a good buy. As we entered 2011 I thought it was a good price. But honestly even if I bought during the bubble and was in the same situation now buying for the long haul and buying to live in, I wouldn’t sweat the lost equity.
I’m by no means advocating people putting all of their eggs into one basket paying off their home. Not by a long shot.
