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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: J. P. who wrote (2009)3/3/2002 1:04:42 PM
From: posthumousoneRead Replies (3) | Respond to of 306849
 
"Never own your home outright. Instead, get a big 30-year mortgage, and never pay it off - regardless of your age and income"
ricedelman.com

Kinda makes sense to me, the opposite of what I'd been planning to do.... >>>>>>>>>>>>>>>>>>>>>

i am looking forward to the rebuttals on this!!!



To: J. P. who wrote (2009)3/3/2002 2:07:20 PM
From: David JonesRespond to of 306849
 
"Never own your home outright. Instead, get a big 30-year mortgage, and never pay it off - regardless of your age and income"
ricedelman.com

Kinda makes sense to me, the opposite of what I'd been planning to do....

"snip"

Well 'discipline' is the key here. We all what to think we have discipline to save but in fact the majority of us just don't.
It's a key reason homes are a good investment. They're a type of forced savings.



To: J. P. who wrote (2009)3/3/2002 3:32:17 PM
From: TradeliteRead Replies (2) | Respond to of 306849
 
J.P.....I know that fellow who wrote that article about never paying off a mortgage--very well. Did you notice that he said to "invest" the money instead? Did you notice that he makes money by having people invest their money through his company?

This is a true case in which is might be good to consider the source of the advice.