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[quote=Anonymous][quote=Anonymous]I bought a 1M home in McLean back in 2008, and while I had enough cash to pay off the home in cash, I only put down 20%, 6% interest rate, and invested 800K in the stock market.  In 2025, that 800K turned into 8M, while my house only goes up around 2.5M.  I refinanced again 2019 for a 2% 15 years interest rate.  I used the money to put into the stock market, and the past six years, I make more than seven times.  My current mortgage is around 400K and I can easily pay that off anytime but I do not want to do so.  FWIW, my property tax is around 26K/yr.

Paying off the mortgage is generally not a good idea when you can use that money to invest in something with better return, especially if the interest rate on the mortgage is 2%.  YMMV. [/quote]
People don't know how to invest. Even the ones who happen to open an investment account with a help of a bank or a friend, just stare at the one ETF in it. Happened to me in 2007. Didn't get back in the game til March 2020. Glad RH came along.
Sold our three properties soon after and I'm attempting to catch up. I have learned so much since. Learned nothing holding real estate.
I am mortgage free also. Don't have it and won't any time soon. I'm happy in a rental after owning for years.[/quote]

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