07-10-2018, 05:26 PM
My guess is you'll land on 50/50 invest/mortgage and not full way or the other.
I've never considered mortgage debt to be "real" debt, although it is. I think I've just accepted that we're going to upgrade, downsize, or relocate enough over the next 20 years that I won't ever live somewhere mortgage free unless we pay cash for the whole thing. I also don't really consider our equity as part of assets, because we owned through the last housing bust. I have thought it would be awesome to move somewhere cheap and pocket the equity, but that likely requires living somewhere where job options are limited should I ever lose my current gig. Only 20 more years until retirement!
I've never considered mortgage debt to be "real" debt, although it is. I think I've just accepted that we're going to upgrade, downsize, or relocate enough over the next 20 years that I won't ever live somewhere mortgage free unless we pay cash for the whole thing. I also don't really consider our equity as part of assets, because we owned through the last housing bust. I have thought it would be awesome to move somewhere cheap and pocket the equity, but that likely requires living somewhere where job options are limited should I ever lose my current gig. Only 20 more years until retirement!
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth