Quote:
Originally Posted by TheMentat
Surely you can find an investment that will pay you more than your mortgage is costing you!
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+1. Instead of paying down your mortgage, you should be extracting equity via LOC. Use those funds for flip houses, speculative oil drilling, investment-grade automobiles (like CPO BMW M5s), and any other venture with skewed risk-reward profile. It worked for thousands during the housing bubble years, so it will work for you.
Seriously. Think about it. Paying down the mortgage is as close to risk-free return without owning treasury bonds (ignoring dollar currency debate). Consider the risk for any investment. Does it match your risk tolerance? Is the marginal gain in return worth the risk? Don't forget that the financial meltdown was a result of bad debt and poor realization of risk. jurgen