— You also said further up

[mephisto]

—
You also said further up that you live within your means. Having an IO is not living within your means.
Just my .02
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I could pay off the rest of my mortgage tomorrow in cash.

My other investments earn a lot more then my effective 3% mortgage. And I have a guaranteed fixed 5% fixed rate mortgage at the end of my term.

For me, I prefer this a lot more then the $1,500/mo rent I’d be spending otherwise.

Again, it all depends on the person. But, again, if you focus only on the negative – then your analysis makes sense. 🙂