Investing 102

[bdahlg68]

Originally Posted by GregWeld

Some people work that way -- I never have - never will.

I had a mortgage on the place when I bought it (Tempe place) but paid it off... it was at 6+%... and I don't like to make payments. Regardless of that it is still my obligation - not anyone else's, I don't care what anyone else says.

Same here. Bought a place that has gone down 30%+ since purchase in 2005. Over the last 7 years, we've gotten right side up through persistence and low interest rates. Although it would have been easy to just make minimum payments and walk away now that we're buying a new place, but that is not us. We made the conscious decision to buy and got caught in bad timing. We've been lucky to be in a position to pay it down and still save for a new place. We're now moving into a great place and we are looking forward to separating ourselves from this poor investment we currently call home!