Anonymous wrote:I mean, with 2.5% interest rates, of course I have a mortgage. Now if we didn't refinance when we did and had to now with 6% and the market down I wouldn't. But pretty happy with very cheap money.

Ditto.

Anonymous wrote:

Anonymous wrote:$1.8M is not that much OP. That's upper middle class, and of that group the vast majority have mortgages.

I would say mortgage free would start around the $5M-$7M mark.

You are so wrong. Anybody with an ounce of financial savvy worth that much wouldn't pay cash. Mortgage rates are too low for that to make sense -- even at current interest rates.

You just outed yourself as middle class.

Respectfully you are full of it. Some people like to own outright. It’s a personal decision that really isn’t a “class” issue.

I don’t consider my house just an investment. It’s my home and I prefer no mortgage on it. It gives me peace of mind which you cannot put a price on. Even if I lose my job, as long as I can pay taxes and utilities, it cannot be taken away from me.

Even at the low mortgage rate at 2% on a $2m loan, just the mortgage interest alone would be about $3k per month ($36k per year). Would I make more than this if I invested the $2m? Probably but it gets complicated. Regardless, I don’t want to trade the security of my family for investment opportunities. I can do that with the remaining funds.

you're