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Reply to "If paying off your mortgage is dumb, why do so many rich people do it?"
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[quote=Anonymous]My view is you pay off your mortgage based on interest rate (can't do better in any market in the foreseeable future) and/or you have enough other cash, liquid investments and longer term investments to last you until you downsize when older. I don't yet feel comfortable enough that I will never need the cash that I would sink into the house. And getting cash back out of a house without selling it is not as easy as some people make it out to be. [/quote]
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