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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (100668)	1/14/2009 6:25:38 PM
From: XBrit	Respond to of 110194

Mortgage debt is OK if you have a higher yielding investment you can put the money into. I had my HELOC maxed out and all the money in SDS last year, that worked out.

To: patron_anejo_por_favor who wrote (100668)	1/15/2009 11:17:53 AM
From: ItsAllCyclical	1 Recommendation Respond to of 110194

OT - I paid off my house simply because every trader runs into bad spells from time to time. By paying it off I'm not playing w/money I don't have. That said I'd have a lot more money right now if I didn't pay it off 5 years ago, but also I might have traded different knowing the mortgage was out there. Yes it does feel good. If I didn't have young kids I'd probably be renting, but too much hassle. Besides my house is a smaller portion of my net worth at this pt so a 20% drop wouldn't be a big deal as my next house w/probably be bigger and thus more "on sale". Charlotte never got to bubble area. You can still buy 100% brick on nice golf course communities w/around $100/sq ft close to the city, shopping and airport.