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  • June 20, 2011 at 7:35 PM #706260
    SD Realtor
    Participant

    I would agree bigtime. With the govt practically giving money away it is foolish to dump capital into an asset that will at best appreciate very slowly and at worst depreciate. At some point in the future when rates are soaring people who have capital will be able to take advantage of fantastic opportunities. This will not be in the near future but it will happen. In the early 80’s the interest rates on long term bonds were double digit. So imagine paying 5% on your mortgage and making 10% on the investment rather then paying off your home.

    June 20, 2011 at 8:42 PM #705063
    scaredyclassic
    Participant

    if I had $7,000,000, I’d pay of the home, as i’d be happy to get the quivalent of a 4.75% return on a small portion of my monies. But if it was my last half a million, no way i’d pay off the house.

    June 20, 2011 at 8:42 PM #705160
    scaredyclassic
    Participant

    if I had $7,000,000, I’d pay of the home, as i’d be happy to get the quivalent of a 4.75% return on a small portion of my monies. But if it was my last half a million, no way i’d pay off the house.

    June 20, 2011 at 8:42 PM #705755
    scaredyclassic
    Participant

    if I had $7,000,000, I’d pay of the home, as i’d be happy to get the quivalent of a 4.75% return on a small portion of my monies. But if it was my last half a million, no way i’d pay off the house.

    June 20, 2011 at 8:42 PM #705906
    scaredyclassic
    Participant

    if I had $7,000,000, I’d pay of the home, as i’d be happy to get the quivalent of a 4.75% return on a small portion of my monies. But if it was my last half a million, no way i’d pay off the house.

    June 20, 2011 at 8:42 PM #706270
    scaredyclassic
    Participant

    if I had $7,000,000, I’d pay of the home, as i’d be happy to get the quivalent of a 4.75% return on a small portion of my monies. But if it was my last half a million, no way i’d pay off the house.

    June 21, 2011 at 12:16 AM #705093
    Dougie944
    Participant

    I love having my house paid off. You will be able to save $2500/mth in not having a mortgage, plus gain about $2500/$3000 month in rent while you are not there. That is $60K/yr you will be able to save, plus whatever else you save with the higher paying job you took. You will still be able to deduct expenses, taxes, and depreciation against your rental income.

    In the early 90s, the Japanese probably thought their interest rates would rise also. They’re still waiting. We are in a deflationary cycle as credit contracts around the world.

    Take the security and move on. I still have money in a savings account that I am looking to invest. It is, in my opinion, a difficult and frustrating time in history to invest money and be sure you are doing the right thing. If you need that money in the future, you can always mortgage the house again. It isn’t as if you have thrown it in a trash can. With $400k down, you have already assumed all the downside risk if prices keep falling.

    June 21, 2011 at 12:16 AM #705190
    Dougie944
    Participant

    I love having my house paid off. You will be able to save $2500/mth in not having a mortgage, plus gain about $2500/$3000 month in rent while you are not there. That is $60K/yr you will be able to save, plus whatever else you save with the higher paying job you took. You will still be able to deduct expenses, taxes, and depreciation against your rental income.

    In the early 90s, the Japanese probably thought their interest rates would rise also. They’re still waiting. We are in a deflationary cycle as credit contracts around the world.

    Take the security and move on. I still have money in a savings account that I am looking to invest. It is, in my opinion, a difficult and frustrating time in history to invest money and be sure you are doing the right thing. If you need that money in the future, you can always mortgage the house again. It isn’t as if you have thrown it in a trash can. With $400k down, you have already assumed all the downside risk if prices keep falling.

    June 21, 2011 at 12:16 AM #705785
    Dougie944
    Participant

    I love having my house paid off. You will be able to save $2500/mth in not having a mortgage, plus gain about $2500/$3000 month in rent while you are not there. That is $60K/yr you will be able to save, plus whatever else you save with the higher paying job you took. You will still be able to deduct expenses, taxes, and depreciation against your rental income.

    In the early 90s, the Japanese probably thought their interest rates would rise also. They’re still waiting. We are in a deflationary cycle as credit contracts around the world.

    Take the security and move on. I still have money in a savings account that I am looking to invest. It is, in my opinion, a difficult and frustrating time in history to invest money and be sure you are doing the right thing. If you need that money in the future, you can always mortgage the house again. It isn’t as if you have thrown it in a trash can. With $400k down, you have already assumed all the downside risk if prices keep falling.

    June 21, 2011 at 12:16 AM #705936
    Dougie944
    Participant

    I love having my house paid off. You will be able to save $2500/mth in not having a mortgage, plus gain about $2500/$3000 month in rent while you are not there. That is $60K/yr you will be able to save, plus whatever else you save with the higher paying job you took. You will still be able to deduct expenses, taxes, and depreciation against your rental income.

    In the early 90s, the Japanese probably thought their interest rates would rise also. They’re still waiting. We are in a deflationary cycle as credit contracts around the world.

    Take the security and move on. I still have money in a savings account that I am looking to invest. It is, in my opinion, a difficult and frustrating time in history to invest money and be sure you are doing the right thing. If you need that money in the future, you can always mortgage the house again. It isn’t as if you have thrown it in a trash can. With $400k down, you have already assumed all the downside risk if prices keep falling.

    June 21, 2011 at 12:16 AM #706300
    Dougie944
    Participant

    I love having my house paid off. You will be able to save $2500/mth in not having a mortgage, plus gain about $2500/$3000 month in rent while you are not there. That is $60K/yr you will be able to save, plus whatever else you save with the higher paying job you took. You will still be able to deduct expenses, taxes, and depreciation against your rental income.

    In the early 90s, the Japanese probably thought their interest rates would rise also. They’re still waiting. We are in a deflationary cycle as credit contracts around the world.

    Take the security and move on. I still have money in a savings account that I am looking to invest. It is, in my opinion, a difficult and frustrating time in history to invest money and be sure you are doing the right thing. If you need that money in the future, you can always mortgage the house again. It isn’t as if you have thrown it in a trash can. With $400k down, you have already assumed all the downside risk if prices keep falling.

    June 21, 2011 at 12:46 AM #705103
    sdrealtor
    Participant

    Even better imagine having a 4% mortgage and 15% CD’s. That is how my very conservative parents made the majority of their fortune.

    June 21, 2011 at 12:46 AM #705200
    sdrealtor
    Participant

    Even better imagine having a 4% mortgage and 15% CD’s. That is how my very conservative parents made the majority of their fortune.

    June 21, 2011 at 12:46 AM #705795
    sdrealtor
    Participant

    Even better imagine having a 4% mortgage and 15% CD’s. That is how my very conservative parents made the majority of their fortune.

    June 21, 2011 at 12:46 AM #705946
    sdrealtor
    Participant

    Even better imagine having a 4% mortgage and 15% CD’s. That is how my very conservative parents made the majority of their fortune.

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