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Reply to "Pay off mortgage vs pay for renovation "
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[quote=Anonymous]Why rush to spend it? OP, when you add on, you will have more tax to pay and more stuff to accumulate and more utility bills to pay. Why not invest in something different? We considered an extension of our DMV home but bought an investment property in a different area. Taxes are low, value has outperformed DC market, and renting it pays our expenses. We may one day retire there. Tell us more also. How old are you? Income? How many kids and ages? More coming? Are you sure you have enough for college? Are you aware one year at an elite college averages between $80k to $100k per year? [/quote]
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