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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The total interest on my loan added to purchase price would mean 30 years after I bought it, I’d need to be able to sell it for 25% more than I paid.  Right now it’s sitting around +30-40% 5 years in.

Inflation adjusted I’m paying about 1000 more month PITI than what my rent was for 700 sf 1 bedroom 16 years ago.

My income has gone up by over 10x in that span.

[b]If we are going to celebrate the people who borrowed and couldn’t wait to get out from under it because it was such a strain, we should also celebrate the people who have used leverage effectively to build wealth while staying well within their means.[/b]  [/quote]

Fine, go start your own thread celebrating that. No one is stopping you.  But you folks never do that because what you really want to do is smugly assert to those of us who hate debt that your way is superior.[/quote]

It’s been the objectively superior approach and we’re trying to warn others not to make the same mistakes.  Who cares about debt when you can pay it off at any time.  The bottom line is your net worth and your financial flexibility.  Paying down your low interest rate mortgage hurts your net worth and gives you less flexibility.  And you still have to pay taxes and insurance regardless so your payment isn’t gone.

[b]Paying down a low interest rate mortgage goes against all basic fundamental financial principals/advice.  People that ignored that elementary advice over the last 15 years left a ton only money on the table.[/b]  It’s a warning to others not to take the same mistakes going forward…[/quote]

Yeah, and what about the 10 years prior to that 15-year period?  You'd have been down for over a decade, with two huge crashes (2000 and 2008), instead of having secured the roof over your head.  Since we don't know the market returns in advance, some of us prefer taking some money off the table for fundamental things like a home.  Oh, and the next 10 years are much more likely to look like 2000-2009 than 2010-2024.[/quote]

You really hate math, don't you?

Down for over a decade?   That's crazy.  Yes, there were a couple years in which you would have been down.  But, if you invested $500k in 1999, it would have been almost $635k in 2010.  This period incorporates both of the downturns that you refer to.  
- In 2001, it would have gone down to $474k.
- In 2002, it would have done down to $379k (a startling drop for sure but...)
- In 2003, back up to $487k
- In 2004, $516k
- In 2005, $568k
-In 2006, $644k
- In 2007, $635k
-In 2008, yet another drop, to $408k
-In 2009, back up to $545k 
-In 2010, $634k

So yes, there were a few years that you kinda had to look away for a moment, and those turns do happen. But it is a couple years that you had to wait no longer than 2 years to have it be worth it.  And, if you had kept it invested the whole time, it would now be $3.441M

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