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For those suggesting that having a paid off home feels good or helps in an economic downturn or loss of employment, consider that HD already has the (rental) house paid for. He just hasn't tendered the money to the mortgage company. He's holding that payoff in another (pretty liquid)asset.
So we're not talking about deciding which debt to strive to pay off first from wages. We're just talking about where to allocate existing resources. That, IMHO, is the type of decision that should be completely driven by math - meaning competing interest rates, return, and tax implications. And I don't think it's a particularly close call. Keeping the rental asset, even though leveraged, likely 'maths-out' as the smarter move.
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