has market ever been hotter?

[joey2665]

Originally Posted by thinkxingu

My parents raised us to always have our homes paid because "you'll always have a place to seek shelter." I get making money, but there's something...calming about not having a mortgage. In fact, I'm just starting to get that general feeling as, as a teacher, it takes years to make decent money.

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I understand the thought process but if you put the portion you are financing in a managed broker account and don’t touch it it is the same thing and your making money probably about 5% per year over and above the 3% mortgage and for 20-30 years you are talking about serious money. Plus your still getting the full appreciation value of the home.


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[winterh]

Originally Posted by joey2665

I understand the thought process but if you put the portion you are financing in a managed broker account and don’t touch it it is the same thing and your making money probably about 5% per year over and above the 3% mortgage and for 20-30 years you are talking about serious money. Plus your still getting the full appreciation value of the home.


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Isn't there a saying about past performance not being a guarantee of future results.

[joey2665]

Originally Posted by winterh

Isn't there a saying about past performance not being a guarantee of future results.

Saying are just that there is no factual data behind it.

Look at the market over any 10 year period. I am being conservative with an 8% ROI. Then I netted it out to 5% after subtracting the 3% mortgage.

This is coming from some that is not an aggressive investor nor do I give aggressive adviser. IMO this is just a sound use of funds capitalizing on both the real estate and stock market.


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