Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Canadians naive about how long they’ll be in debt

V · 11-03-2012, 02:54 PM

I don't really understand the mentality of paying down your mortgage. I'm 33 and my mortgage is roughly double the size of my total investment through various accounts of varying liquidity and risk. Based on fairly conservative estimates in 5 years I should have more money in my investment accounts than I'll have borrowed against my house. As far as I'm concerned, that's equivalent to having my mortgage paid off.

And then the investments should continue to grow while the mortgage shrinks.

So if at some point the cost of carrying a mortgage becomes unreasonable I'll be able to shift my more liquid assets on to my mortgage, or in times like this I can do the opposite and allow my money to grow more effectively.

I just don't see debt as that bad a thing if you can service the debt while the money grows elsewhere.

11-03-2012, 02:54 PM	#228
V Franchise Player Join Date: Feb 2005 Exp:	I don't really understand the mentality of paying down your mortgage. I'm 33 and my mortgage is roughly double the size of my total investment through various accounts of varying liquidity and risk. Based on fairly conservative estimates in 5 years I should have more money in my investment accounts than I'll have borrowed against my house. As far as I'm concerned, that's equivalent to having my mortgage paid off. And then the investments should continue to grow while the mortgage shrinks. So if at some point the cost of carrying a mortgage becomes unreasonable I'll be able to shift my more liquid assets on to my mortgage, or in times like this I can do the opposite and allow my money to grow more effectively. I just don't see debt as that bad a thing if you can service the debt while the money grows elsewhere.