Quote:
Originally Posted by thinkxingu
My parents raised us to always have our homes paid because "you'll always have a place to seek shelter." I get making money, but there's something...calming about not having a mortgage. In fact, I'm just starting to get that general feeling as, as a teacher, it takes years to make decent money.
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I understand the thought process but if you put the portion you are financing in a managed broker account and don’t touch it it is the same thing and your making money probably about 5% per year over and above the 3% mortgage and for 20-30 years you are talking about serious money. Plus your still getting the full appreciation value of the home.
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