Quote:
Originally Posted by zx10guy
On not paying off a home early. With interest rates still low, why would you pay off a home early and tie up money into something which requires significant money/time to pull out of? I've chosen to divert money I would have paid into paying down my mortgages into investing in the market. In my situation, my primary home has a 3.75% fixed rate for 30 years. My returns from investing have exceeded the interest being paid on the mortgage.
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Because 99% of people are not that diligent and will divert that $ straight into poor purchase decisions, like used M3s that cost 70% of their annual income....