Quote:
Originally Posted by realcoray
I'm in a good spot where I don't need the money now to pay for my car stuff, but I do intend to pay down the house faster even though on paper it's a terrible investment move. I am risk adverse so less debt feels better for me and I think everyone has their own risk/reward point that affects what they feel comfortable doing.
If I was trying to maximize my return, what I would do is leverage the house I just bought, cashing out my down payment and the equity, netting probably 65k, and buying two more similar houses. The current house would be completely break even with the higher payment, but I would double my cash flow and returns from the other two.
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We have discussed the Paid off House vs. Investing, and you are right. It is a personal choice for peace of mind..All the math and pencil and paper saying it may be better to invest the money with today's mortgage rates, means nothing if it doesn't feel comfortable.. What ever you do, it will be the right thing for you..
