Quote:
Originally Posted by Red
That’s the trend these days. Commercials galore on why you should use your house equity work for you by investing.
Stuff like this encourages borrowing.
Forums like this one have people out right telling people they are missing out by paying off their debts.
Tons of stuff like this out there. Sorry, did not intend to make this personal.
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Its not personal at all, so no worries. I just think that money invested and then used to pay the house off gets you to pay that home off that much faster (usually about 3-4 years sooner, and with no more money put out than what you would otherwise do).
As with everything though you have some people who take these otherwise useful and reasonable strategies to excess, and then they become potentially devastating financially.