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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am so sorry you were not able to capture a large 30 year fixed rate mortgage under 3%. I am loving making my mortgage payments from my high yield savings account and watching the account go up every month.[/quote]

I wish people would stop doing this.  I'm not prepaying my mortgage personally, but people are allowed to have different goals!  OP didn't say "I am mortgage free because it's the smartest financial move and anyone who operates differently is stupid!"  There was zero reason to be defensive and snarky here.  And the "pay down/don't pay down" mortgage divide seems to be the only place this happens, nobody jumps down an OP's throat when they say they've hit their 529 goal and screams YOU KNOW YOUR KID CAN JOIN THE ARMY AND THEN GET COLLEGE PAID FOR!

Congrats, OP, I hope you throw a party or something!  And I hope you feel a sense of relief and security with so much cash freed up each month.[/quote]

The reason people get fired up over it because it’s a simple math question that has enormous financial impacts from a pure dollars and cents perspective.  Furthermore it’s risky to pay down a mortgage as you lose flexibility if the shit hits the fan, not to mention being more susceptible to inflation risk.  It’s not really an argument and people treat it like one.

Your 529 example is just not at all relevant to this discussion.   Joining the army is equivalent to investing in S&P 500 index funds?[/quote]

The 529 example is very cogent when one factors in aid awards.  Why save money for college when all that does is lower the financial aid offer?[/quote]

For starters, many on scum won't get any financial aide.  So it's kind of not smart to not save. Cannot imagine making $400K+ per year and telling my kids "sorry you have to start at Cc because we didn't save anything for college" [/quote]

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