Reply to Risks (in your opinion) that you took financially that paid off?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Paid cash for what we thought was an expensive house in 2017. House value has increased by a million dollars in 6 years. [/quote]

In retrospect that seems like a bad deal, you could've got a mortgage at 3% and let the 80% ride on the stock market and still made your million in equity, but also double the initial 80% in the market.[/quote]

Nope. Mortgage wouldn’t have been 3% and the stock market was too risky during Covid. [b]Our house has appreciated by 60%[/b]. Stock would not have given us that level of return on investment. The house keeps appreciating, I’m not paying a higher price for the house through interest and bank fees, and I have the security of a paid house. I can always take out a line of credit on the house if I need it but we have plenty of money invested in other assets. I feel we got a great windfall. [/quote]

The S&P500 stock market return rate for 2017-2023 is 104%.  If you had put a down payment on the house with a 3% mortgage you would have gotten the 60% return on 20% of your money and the 104% return on 80% of your money. And have a 3% mortgage now when even cds are earning 5%.  SO I would reframe this as you made a conservative investment that you are happy about rather than took a risk that paid off.[/quote]

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