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Reply to "All you rich folks - looks like I'm (almost) one of you. What should we do?"
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[quote=Anonymous][quote=Anonymous]I'm going to go against the grain and say go ahead and pay off your mortgage. Not having a mortgage is a delightful feeling. If the stock market crashes, you still have your home, if you lose your job, you still have your home. It's not the "clever" financial decision, but t[b]he piece of mind it brings has some value[/b].[/quote] No, not really. That's just about the dumbest advice anyone can give you, OP. Real estate is a leveraged investment for a reason. Don't tie up this cash in an illiquid investment like your house. Stupid. Jesus, people are so stupid when it comes to money.[/quote]
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